1> Strong initial move, why it is not able to break PDC. BOF of PDC
2> Will go long above this point.
3> Might be Pullback lets wait.
4> Wave is very weak. Scratch the trade.
5> Look for short trade now
6> Possible trade is PP at range low or BPB.
7>Pressure built can take entry here Context supports it. Short here
BO . Pullback is weak will hold the trade. Stop at Break even.
8>Second push failed.
Covered the trade.
Bias is down
Look for a BOF trade at range extreme.
9> BO will wait for it to fail. Context wise it is not a good BO. Question is will it fail.
10> Nope took support going high.
11> Good move up should I change my bias to long ?
12> Why it has not crossed the range is the Trend strength diminishing.
2 Tests failed to cross the range. Will look to short.
13> Will look to go short. hmm No time for trade to move reaching last stages of trade. Lets close the day. DONE..
Always build the story and look from that context. Rest all is Tactics to take trade BPB,BOF , PP, BO..
Always build the story and look from that context. Rest all is Tactics to take trade BPB,BOF , PP, BO..
Even though scratch Your thought process for first trade was good, but I hesitated after strong rejection.
ReplyDeleteEven though scratch Your thought process for first trade was good, but I hesitated after strong rejection.
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