***
I have learned some concepts from Jagadeesh Chandra Kolli over last weekend, will be implementing them for better trade entry identification and ongoing market analysis hence forth.. Hopefully it leads for betterment over my weak areas in trading
****
[09:20] Day trend UP; Trend gapup and pulled back till PDH
[09:25] Trade 1: BOF of PDH long at 7931 with initial SL 7926; (Limit order using 1 min chart)
[09:35] Moved SL to 7934
[09:45] Moved SL to 7942, price struggling above DH
[10:15] Exited with gain of 9 points
[10:30] Looks like bulls exhausted and giving up; price strongly approaching PDH; will look for short signal
[11:00] After BO of PDH, price stalled for some time and gave BPB signal, swing low formed 13 points away.. hesitated and let the trade go away
[11:15] Price hit structural support/BRN with strength but failed to sustain below; look for BOF long opportunity
[11:22] Trade 2: BOF of BRN long at 7903 with initial SL 7897; FTA is 7914, will scratch if not sustain above
[11:42] Down trend is loosing strength as projections are getting weaker and depths are strong; TVP is 7914
[11:55] Moved SL to 7910 as price closed above TVP
[12:03] Exited with gain of 5 points
[12:31] Bulls approaching PDH with strength; will look for long if breakout sustain
[12:42] Price reversed by giving TST to PDH; below 7912 more weakness
[13:00] Price moves back to BRN again, TST and reversed; difficult to make trading decisions
[13:20] Will look for breakout above PDH for by signal
[13:27] Trade 3: BPB of PDH long at 7933 with initial SL 7925; FTA 20 points away
[14:00] Moved SL to 7930
[14:18] Exited with loss of 5 points
[14:40] PDH looses relevance as price moving back and forth
[14:42] Done for today as no more trades expected.
Net: +9
I have learned some concepts from Jagadeesh Chandra Kolli over last weekend, will be implementing them for better trade entry identification and ongoing market analysis hence forth.. Hopefully it leads for betterment over my weak areas in trading
****
[09:20] Day trend UP; Trend gapup and pulled back till PDH
[09:25] Trade 1: BOF of PDH long at 7931 with initial SL 7926; (Limit order using 1 min chart)
[09:35] Moved SL to 7934
[09:45] Moved SL to 7942, price struggling above DH
[10:15] Exited with gain of 9 points
[10:30] Looks like bulls exhausted and giving up; price strongly approaching PDH; will look for short signal
[11:00] After BO of PDH, price stalled for some time and gave BPB signal, swing low formed 13 points away.. hesitated and let the trade go away
[11:15] Price hit structural support/BRN with strength but failed to sustain below; look for BOF long opportunity
[11:22] Trade 2: BOF of BRN long at 7903 with initial SL 7897; FTA is 7914, will scratch if not sustain above
[11:42] Down trend is loosing strength as projections are getting weaker and depths are strong; TVP is 7914
[11:55] Moved SL to 7910 as price closed above TVP
[12:03] Exited with gain of 5 points
[12:31] Bulls approaching PDH with strength; will look for long if breakout sustain
[12:42] Price reversed by giving TST to PDH; below 7912 more weakness
[13:00] Price moves back to BRN again, TST and reversed; difficult to make trading decisions
[13:20] Will look for breakout above PDH for by signal
[13:27] Trade 3: BPB of PDH long at 7933 with initial SL 7925; FTA 20 points away
[14:00] Moved SL to 7930
[14:18] Exited with loss of 5 points
[14:40] PDH looses relevance as price moving back and forth
[14:42] Done for today as no more trades expected.
Net: +9
