*** Just paper trades to test my sync with markets ***
Market Commentary & Trade Log:
- Last 3 days NF majorly in range 7930-7775 (which is PDH/PDL as well)
- Gap up of nearly 100 points
- Will look for short entry if entry favors risk
- IRH 7890-7861
- Will look for BOF short at BRN, after breaking swing low for safer bet
- Trade 1: BOF of BRN short at 7891 with initial SL 7903
- Generally on expiry day, weaker ones gets exploited. This time bears should feel more pan… after big gap up, attempt made to concur BRN failed... expecting range formation without breaking BRN and range broken down side to mint option premiums.
- Was proven wrong; exited with loss of 14 points
- NF settling above BRN; will attempt long as BPB if risk favors
- Trade 2: BPB of BRN long at 7905 with initial SL 7898
- Moved SL to 7923, below low of PDH BO candle
- Moved SL to 7938. Pull back low
- Drawn red zone 7955-7960
- BOF of DH short trade possibility, if no sharp move happen after crossing DH on 3rd attempt
- 2:30 Factor; let’s see if bears come back, generally we see furious reversal on expiry day after 2:30…premium games.
- Trade 3: SAR’ed at 7948 with initial SL 7959 (above high of BD candle, after 3rd attempt failed)
- Profit in 2nd trade, allows to take this risky trade, else No-No
- NF just touched near to SL and went back, pure luck
- Moved SL to 7952
- Exited with gain of 2 points
- Done for the day
Points earned: +29
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