Market Commentary:
- 45 points CT gapup; IR 7641 - 7630
- Broke down below IRL
- Lower range formed 7630 - 7616
- BOF of IRL long can be attempted as PP into higher range (IR) with small SL.. if not comfortable with BO, BPB can be looked for.
- Entered BOF short.. FTA LOD..
- Will scratch if not sustain below 7622
- Back into IR.. will look for PP long or BPB long above IRH.. CM is short, good short cover may come above HOD. FTA is 7650 which is low made on last thursday.
- Will trade next signal at IRH or PDH.. no trade in b/w
- Finally NF broke LOD.. back into range immediately.
- Attempted BOF long
Trade1: (11:17 candle)
Short at 7626 as BOF of IRL, with initial SL 7632
Moved SL to cost, as no momentum
Trail SL hit; exited trade with loss of 2 points
Trade2: (15:02 candle)
Long at 7622 as BOF of LOD, with initial SL 7614
Moved SL to 7624, break even.. after green candle into IR
Moved SL to 7638, below IRH
Exited trade at 7645, with gain of 21 points
Rose
ReplyDeleteNice trades, i missed the last upmove today.
VKM
VKM,
DeleteThanks, learning from you guys :)
hi i have doubts
ReplyDeletewat happens after 3.10
1 wen we already had a intraday(MIS) position? a) in lose . b) in profit?
2 wen we enter MIS order after 3.10?
3 wen we dont cover a MIS trade within 3.30
1. At 3:10, open positions will be sqaured off at market price. doesnt matter if position is making profit/loss
Delete2. I dont think you can place MIS order after 3:10.. never checked though
3. At 3:10, all open MIS positions will be closed anyway.. i.e. auto squared off
but today you covered at EOD ?
DeleteI am trading NRML orders only
Deleterose
ReplyDeletei think IIP and CPI data to out today i dont know exact time