[09:33] Day trend down; Price open with in yesterday closing
range and sustained above PDL
[10:12] IR (7645-14) formed above PDL
[10:33] Potential Trade: BPB of PDL short (or) BOF of PDL long
[11:42] Avoiding BOF of RH short signal as not convinced about price stalling at same zone, instead of quick rejection
[12:09] Price broke RH again, TST to RN and reversed into range again; placed short order as BOF of RH at 7637 with initial SL 7647
[12:12] Trade 1 : BOF of RH short at 7637 with initial SL 7647; FTA 23 points away
[12:33] Moved SL to 7740; expecting 7738 acts as flip
[13:00] Exited with loss of 5 points
[13:34] Adjusted RH to RN
[13:54] Potential Trade : BPB short of PDL at 7609 with initial SL 7620
[14:03] Leaving pin bar, price reversed above PDL; look for BOF long opportunity above swing high
[14:12] Trade 2 : BOF of PDL long at 7620 with initial SL 7610
[14:15] Oops; SL hit immediately. Exited with loss of 12 points
[14:27] Bad luck, NF kissed my SL and ran away
[15:00] Done for today
[11:42] Avoiding BOF of RH short signal as not convinced about price stalling at same zone, instead of quick rejection
[12:09] Price broke RH again, TST to RN and reversed into range again; placed short order as BOF of RH at 7637 with initial SL 7647
[12:12] Trade 1 : BOF of RH short at 7637 with initial SL 7647; FTA 23 points away
[12:33] Moved SL to 7740; expecting 7738 acts as flip
[13:00] Exited with loss of 5 points
[13:34] Adjusted RH to RN
[13:54] Potential Trade : BPB short of PDL at 7609 with initial SL 7620
[14:03] Leaving pin bar, price reversed above PDL; look for BOF long opportunity above swing high
[14:12] Trade 2 : BOF of PDL long at 7620 with initial SL 7610
[14:15] Oops; SL hit immediately. Exited with loss of 12 points
[14:27] Bad luck, NF kissed my SL and ran away
[15:00] Done for today
Net: -17
Have you applied this DP techniques in stocks ?
ReplyDelete~zen
No Zen.. I think actively traded stocks like SBI or Tata Steel must be good choice to start with.
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