- Market bias bullish & IR formed above PDH.
- First candle acting as MC (7639-24)
- Will wait for range formation; wont be trading MC
- 7653-24 is range so far
- NF stalled at 7667 earlier high and pulled back to RN
- Potential Trade: BOF of MSP (7543) long above RN
- Trade 1(13:03) : BOF of MSP long at 7553 with initial SL 7542
- Exited with loss of 13 points
- Finally NF broke resistance zone; if failed to sustain good fall may happen
- Potential Trade: BOF of DH short at 7562 with initial SL 7572 (Or) BPB of DH long at 7572 with initial SL 7562
- Trade 2(14:18) : BPB of DH long at 7572 with initial SL 7562 FTA 40 points away
- Moved SL to 7570
- Moved SL to 7586
- Exited with gain of 38 points
Net: +25
So timing and SL is very imp, you were absolute sure on the day trend still has one loss trade.
ReplyDeleteNice commentary, Never seen a such wonderful piece of work