- Opened just above PDL, sliding down
- Not a clear BPB short, but will attempt short below BRN as price strongly rejected from PDL
- Trade 1: BPB short of BRN at 7193 with initial SL 7205
- Moved SL to 7190
- Expecting nice free fall below RN, as LHS of chart shows J
- Moved SL to 7157
- Moved SL to 7134
- Exited with gain of 57 points
Net: +57
Rose,
ReplyDeleteWhat made you to take agressive shorts against long wick bars without proper bpb setup. i waited there for some proper setup and missed the move.
Why not moved your sl above 10.48 after 10.57 reejction bar from bottom. which you did in yesterdays case by exiting above 12.00 ?
Thanks and Regards
Bharat
Bharat,
DeleteDifference is being the context in which we are executing trades.
Trade on 23rd : Short trade came below PDL and BRN and I mostly wont miss shorts below PDL and longs above PDH.. unless risk is more and if I had loss earlier in same zone. Also FTA is long away which allows space for complex pull back.. Hence no aggressive movement of trial SL as in case of short trade on 22nd.
We all learn setup's, patterns and trade initiation check list from ST.. but trade management is something we has to derive based on personal experiences I feel.. Hence take my reply as a suggestion.. apply what works better for you.
Hope I am clear.