Trade1:
Shorted at 7594, as BOF of BRN.. with initial SL 7602
Moved SL to 7592, break even
Moved SL to 7566, back into IR
Trail SL hit; exited trade with gain of 26 points
Trade2:
Long at 7602, as PP.. with initial SL 7595
SL hit; exited trade with loss of 9 points
Trade3:
Short at 7548, as BPB of IRL.. with initial SL 7552
Moved SL to 7546, break even
Moved SL to 7533, as NF seems to pause at PDL/BRN
Moved SL to 7523, after 7500 NS broken
Moved SL to 7514, above BRN pull back high
Moved SL to 7505, above BRN
Trail SL hit; exited trade with gain of 41 points
Trade4:
Long at 7505; as BOF of BRN.. with initial SL 7493
Moved SL to 7498; below BRN
Moved SL to 7514, below PDC BO candle
Moved SL to 7524, below pull back low
Trail SL hit; exited trade with gain of 17 points
Trade5:
Long at 7505, after BOF of LOD.. with initial SL 7498
SL hit; exited trade with loss of 9 points
Points earned : +66
Hi RM,
ReplyDeleteToday only one trade in the morning -- http://trading-nirvana.blogspot.in/2014/07/11-07-2014.html ..
what was going on your mind after BPB of IRL trade, since price moved back again to PDC???
GK,
ReplyDeleteFor my 3rd trade, 1st FTA is PDC.. as my short is late entry.. ideal place is BOF of BRN.. i have given some space above PDC.. placed trail SL at 7546.. as it is break even. lucky, i escaped with 1 point.
By the way, which software you are using.. seems good :)
Using Zerodha's Nest Plus.. its good.. BTW, I am using 2 min chart.. I am finding it comfortable :))
DeleteRose
ReplyDeleteI have few questions.
Did u exited the first trade on close of 9.54 bar when it failed to close below IRL? normally we trail using highs.. what was the thought process to exit there.
Third Trade. you took IRL brkdown pullback. yesterdays close was just near to that.. why u initiated trade there. Why not exiting the trade
above 11.51when reversal bars were forming and price went above 11.51 swing high.
Fourth trade on which bar high u enter the trade?
On 5th trade why u avoided entry above 2.27 and initiated above 2.36
Looking forward to your valuable guidance.
Bharat
Bharat,
ReplyDeleteTrade1: When i see price reversing from PDC, i moved trail SL to above IRL..because it is FTA..
Trade3: I entered this trade after BOF of BRN.. expected good stops to generate order flow to break PDC as well.. also initial SL is just 4 points.. later when reversing from PDC.. i have trial SL at 7546.. escaped by just 1 point
Trade 4: Above high 13:02:59 candle
Trade 5: I entered above high of 2:35.. after seeing multiple attempts to go above BRN, expected some short covering, if sustain above BRN