Wednesday, 9 September 2015

8 comments:

  1. Davebhai,

    Didnt understand your entry and exit on first trade. The rejection from bottom was not fast still why u attempted it. what made u to put booking order at days high at that time.. when do we trail and when we exit in this kind of move.

    Thanks and Regards


    Bharat

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  2. Bharatbhai

    Here you need to consider the trend. It was trading well above PDH, so very strong up trend and I tried to buy at the probable range low. As I was expecting it to remain rangebound, booked it around HOD then. Try to trail maximum only when you feel it is in trending mode. Once you feel it is ranging, book at probable range extremes.

    URD

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  3. Hello URD - Wish you a very Happy Birthday!!!
    Wish you great health & success for years to come .. Happy trading!

    ReplyDelete
  4. There is a question URD. Plz have a look at this pic :
    http://imgur.com/aaXzizb

    ReplyDelete
  5. Sunil

    Sorry for answering to your query late as I was bit busy.
    Here the expectation was range bound move at least in the morning session because of very big gap up. Secondly the best trading opportunity comes when the CT move stalls at the DP. So I was expecting a BOF kind of setup there, hence avoided BPB short.

    URD

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  6. Thanks for your reply URD. But I am still not happy :) (Because I took that short trade and it didn't work out :))

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    Replies
    1. Sunil

      It is fine if it did not work out. Sometimes even a good trade decision turns into a loss. It should not stop you from thinking in right direction.
      If you were trading today in the morning session, what would you have done? Tried a short below PDH or tried a BOF of PDH. Let me know.

      URD

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