[09:39] Day trend UP, nearing psych level of 8000;IR 7965-90
[09:57] Wait for PA at 8000;
[10:21] Price unable to touch BRN, will attempt short if next attempt fails
[11:06] Price broke DO/DL with no attempt to concurr BRN, now PDL decides the game
[11:12] Trade 1: BPB of PDL short at 7944 with initial SL 7955; FTA quite far away
[11:27] Moved SL to 7944; cost
[11:48] Price stalled at zone where it has zoomed earlier, can expect some PB and resume of down trend
[12:24] Moved SL to 7934, above PB high
[13:12] Moved SL to 7927, above recent swing high
[14:09] Moved SL to 7913, above recent swig high and TVP
[15:00] Moved SL to 7890; Nice trending day
[15:20] Moved SL to 7857; Just like that
[15:29] Exited with gain of 95 points
Net: +95
Now tell me do you want to go to Germany :) ?
ReplyDeleteShashank,,
DeleteGood one :)
Have to cover long journey to get into full time trading... 200+ points net in 12 consecutive months is my criteria to even think about full time ;)
Nice trade Rose.But how did you escape this.
ReplyDeletehttp://screencast.com/t/pTvy4pkljN
Arvind,
DeleteYou must have seen, I ended up with littlie gain or exiting trades at cost during lot of range bound days. That happens because I move my trial SL over swing highs/pivot points.. or to say in jagadeesh style Trend Violation Points.. So I gain maximum when get into trade on Trend day... and fight continues on all range bound days.
Of course I have plenty of room to upgrade in sideways market.