Tuesday, 2 February 2016

6 comments:

  1. Thanks Dave, Took 2nd Trade. Took it much early, when it entered into HOD line.
    Thought process: BOF of the PDL failed to reach BRN. Made me think there will be Big move. So moved STOP to 7560 and Sat Tight. Booked it at 15:10 near 7480.

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    1. Shashank

      Good trade. How could you survive BOF of LOD?

      URD

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  2. Wanted to see how the pullback will be so gave space. It turned out to be trap

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    1. I hope it is a "once in a while" kind of trade. If we deviate from the system and trade plan, it would be a disaster.

      Here ideally per the system, after taking the BPB trade you trail it. LOD is the potential target. You wait and see how the prices behave here. It can either remain range bound or reverse or may again move down. Once you feel it is not the normal PB or potential reversal, you can book. Then the TRAP happens and again you take the short trade and ride it out till the end.

      When the system itself is beautifully working and giving all the wealth, why to act on the gut feeling and not follow the system?

      URD

      URD

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    2. Agreed and Point taken Uday, will keep that in mind.

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    3. Sometimes it happens like that. As a human being, it becomes very difficult to remain disciplined and consistent all the time because it is against the nature and we try to escape. Such thing turns out to be "Do minute ki maza aur phir zindgi bhar ki saza."

      URD

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