Thursday, August 24, 2017

Nifty : 24 - Aug - 2017 (-18)



Market Commentary:


9:48 AM: NF opened exactly at PDH, pulled back till PDC (RN in NS) and one failed attempt concur PDH is done.


9:59 AM: Broke PDC / IRL but not continued momentum, price back into range; BOF of IRL / PDC signal, but space is an issue.


10:08 AM: Trade 1: BOF of IRL/PDC long at 9865 with Initial SL 9854, FTA PDH 10 points away… traded with half quantity. Will look to add if price shows momentum above PDH/DH


10:27 AM: Exited with loss of 6 points


11:30 AM: BW around PDC.. 50 points fluid below DL.. will wait for PA at DH/DL now.


12:55 PM: Trade 2 : BPB of DH long at 9887 with Initial SL 9877, FTA BRN 13 points away


13:10 PM: Exited with loss of 12 points. 2 SL’s in row, closing the day.

2 comments:

  1. I think you missed the BOF on top for the first trade.

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    Replies
    1. Yes, it was immature entry.. could have avoided instead of attempting with half trade. These kind of low probability trades impacting physiologically.

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