Wednesday, July 16, 2014

16 - 07 - 2014


Trade1: (10:17 candle)
Long at 7554, as BOF of RN.. with initial SL 7547
Moved SL to 7561, as NF not sustain at highs
Trail SL hit; exited trade with gain of 5 points
Trade2: (11:47 candle)
Short at 7547, as BPB of RN.. with initial SL 7552
Moved SL to 7550, as PDC holding
Trail SL hit; exited trade with loss of 5 points
Trade3: (2:41 candle)
Long at 7578, as BO of RH.. with initial SL 7567
Moved SL to 7580, break even.. after green candle above 7600
Moved SL to 7607, below pull back low
Exited at 7655, with gain of 75 points

Points earned : +75
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7 comments:

  1. Guru Krish (Trading Nirvana)July 16, 2014 at 3:51 PM

    Hi RM,

    Superb trades... my patience was tested completely :D trades Here

    Cheers!
    GK

    ReplyDelete
    Replies
    1. Only NiftyJuly 16, 2014 at 4:05 PM

      Nice.. i attempted BO of RH as it happened at 2:45.. expected short covering to take place.. it worked well

      Delete
    2. Guru Krish (Trading Nirvana)July 16, 2014 at 4:43 PM

      Nice trade, still fear to take BO.. will have to overcome this.. :) have a great day!!

      Cheers!
      GK

      Delete
  2. LuckyHaaJuly 16, 2014 at 4:12 PM

    yes...Superb patience...Even good mkt also i made loss !!!!!!I was on opposite side..Really to learn more !!!!!!!!

    ReplyDelete
    Replies
    1. Only NiftyJuly 16, 2014 at 4:19 PM

      Lucky,

      We should look at both side trade opportunities.. specially after prolonged sideways range, near PDH/PDL DP's.
      I placed short order below BRN,, as BOF of HOD, but seeing NF reversing.. i attempted direct BO of HOD later, which worked.

      Delete
  3. vikramJuly 16, 2014 at 6:07 PM

    I just noticed twitter wizard on your site.. Good !!

    ReplyDelete
  4. UnknownJuly 16, 2014 at 6:32 PM

    Nice trades..You are very good in catching the big moves..I've missed the last BO trade, need to learn a lot..

    ReplyDelete

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