1. At the time of entering into the trade, the entry point is above the day low. There was a possibility that it may reverse from day low after entering the trade. On what confident u entered the trade. 2. Around 2.57 the candles were almost indicated that it got reversed, But on what basis u hold the trade without exiting? I thought it reversed there.
1. Let me tell you my thought process.. DO below PDC and PDL, despite taking support at BRN, price couldnt reach PDL.. after 2 hours broke below PDL.. per my method, i look for short opportunity below PDL.. which came as BPB.. entry below DL is irrelevant as i am betting that price wont go beyond BRN now.. infact professional traders enter seeing price inability to attempt PDL, here i am waiting for break of swing low formed.. i am not yet into that kind of trades.. so for now i try to mature at what i am good right now.. hope my answer helps.
2. I move my SL to recent swing high formed, here i have SL placed above 2:15 PM candle.. luckily it not triggered.. also price not even reversed from any significant zone.. so, i let price to cross recent swing high..
Nice Trade.. I am having 2 queries.
ReplyDelete1. At the time of entering into the trade, the entry point is above the day low. There was a possibility that it may reverse from day low after entering the trade. On what confident u entered the trade.
2. Around 2.57 the candles were almost indicated that it got reversed, But on what basis u hold the trade without exiting? I thought it reversed there.
Sorry to bother you in your busy schedule..
RPKN,
Delete1. Let me tell you my thought process.. DO below PDC and PDL, despite taking support at BRN, price couldnt reach PDL.. after 2 hours broke below PDL.. per my method, i look for short opportunity below PDL.. which came as BPB.. entry below DL is irrelevant as i am betting that price wont go beyond BRN now.. infact professional traders enter seeing price inability to attempt PDL, here i am waiting for break of swing low formed.. i am not yet into that kind of trades.. so for now i try to mature at what i am good right now.. hope my answer helps.
2. I move my SL to recent swing high formed, here i have SL placed above 2:15 PM candle.. luckily it not triggered.. also price not even reversed from any significant zone.. so, i let price to cross recent swing high..
wonderful..Thanks a lot..
ReplyDelete