Wednesday, August 30, 2017

Nifty : 30 - Aug - 2017 (-9)


Market Commentary:


9:45 AM : Gap up and price not sustained PDH, placed BOF of PDH order at 9874


10:22 AM : Trade 1 : BOF of PDH short at 9874 with Initial SL 9886, FTA 9864 10 points away. Attempting with half of usual trade quantity as price oscillating around PDH for quite some time


11:05 AM : Moved SL to 9890, above day DH. Can afford this 16 points SL  as i entered with half quantity


11:25 AM : Exited with loss of 9 points


11:37 AM : PDH not yet cracked in NS.. and no momentum seen after NF crossing DH
will attempt if  BOF of DH short signal comes, again with half quantity


13:05 PM : 9917-9900 is new narrow range developed; will see PA after breaking RL/BRN


14:00 PM : Not comfortable with very narrow moves. Calling it a day.

Points Earned ::  -9

3 comments:

  1. This comment has been removed by a blog administrator.

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  2. Sorry to comment without your permission. You are reading is completely wrong. You have disclipine risk management but you lack edge that is reading market and pick only setups move above our risk. I am sure you are not in peace with your trading because you are practice wrong.

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    Replies
    1. I agree with you Anonymous.
      I am working on this.. some distractions recently.

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