Friday 12 August 2016

Aug 12

Was Not Trading just watching. Will be back to trading from Tuesday...
Hind sight analysis#

1> Opened above PDH initial move is up, above PDH, Bias is up
2> BPB trade to long.
3> First push
4> Second push
5> Moved stop here expecting this to reach BRN
6> Strength is weak will exit booked.
7> Unexpected move this could act as range watchout
8> slow move to up
9> BW kind of action.
10> BW
11> Not a good BO to initiate long.
12> BO failed. back into BW.
13> Not expecting much.
14> Done for the day..

10 comments:

  1. Hi Shashank,
    Are you avoid trade into BW every time even in strong BOF?
    Why you are not trade from last 2 days?

    ReplyDelete
    Replies
    1. Re post of answer for benefit of others:
      Some renovation in office disturbance hence thought of staying out of market.
      Will be back on Tuesday.
      2 Reasons not to take your Second Trade
      1> CM doesn't come into picture here. Because there where no Orderly pullbacks.
      2> Look at the quality of Range that was formed BW in middle. BW is not easy to cross both in real life and by market. Always Try to trade away from BW.
      Remember Fluid concept ? BW is exactly opposite of that. Never trade into that.

      Delete
    2. Sir,
      What is CM?
      What do u mean by oderly pullback?

      Delete
    3. Hi Prakash,
      Just made a post take a look. Orderly pullback are small pullbacks.

      Delete
    4. Also CM is critical Mass. Just a Terms used to define Who are in Control/ profits.

      Delete
  2. Hi Shashank,
    Are you avoid trade into BW every time even in strong BOF?
    Why you are not trade from last 2 days?

    ReplyDelete
  3. Shashank
    What is the difference b/w trend and bias?
    What is the difference b/w CT and reversal?

    Take time and share thought whenever you get time.

    ReplyDelete
  4. Shashank, If time permits, do make a post on Direct BO. When to take and when to avoid.

    Thanks,
    Sourish

    ReplyDelete