Friday, July 25, 2014

25 - 07 - 2014

DO below PDC.. IR formed.. avoided short below IRL as i felt its better to wait for signal at 7800.. took BPB short at BRN, stopped out above BRN.. barbed wire around BRN formed later.. stayed away rest of the day as i am not comfortable with signals.



Trade1: (10:29 candle)
Short at 7796, as BPB of BRN.. with initial SL 7804
Moved SL to 7802, as NF reversing
Trail SL hit; exited trade with loss of 8 points


Points earned : -8

4 comments:

  1. I think once you started disclose live trades..It affecting free flow of trades..i mean natural trades....now looking very cautious ..so missing good opportunities... Any thought on this subject ??

    Anyway Today was good day for me..Nice three trades

    ReplyDelete
    Replies
    1. Lucky,

      Cant say it as reason.. because when i analysed my trades for last 47 days, i see 80% of gain came through 20% of trades..
      Again, 80% of successful trades.. started with 1st trade successful (10+ gain).

      Some thing related to psychology, which i hope i do figure out in next week :)
      Lets see!

      Congrats for your gain.. enjoy the weekend now :)

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    2. RM.

      I din't trade intra-day today was looking at the consolidation/correction.. Just my two cents, I allow the trades to get form at the morning, which is from 9.15 to 9.35, no trades at this junction... noticed many times all are trap kinda moves... later one trade b4 11am.. after that most of the time its just creates ranges... later again i trade after 1.30 till 3.15.. here most are bigger move...

      Check if this sounds good!

      Cheers!
      GK

      Delete
    3. Agree, me also trade in similar pattern.

      IR formation took 1st 15-30 mins.. i do wait for signal for 1st trade generally.
      When ever i caught trending move, i prefer to hide SL behind pull back levels.. i see trend resume at times of 1:30 or 2:30 generally.. these all coincide with your mentioned times also :)

      Delete