Nicely avoided shashank. I took a trade at 12-30 PM which is scratched. Later i realized it is a CT trade and also taken at range high. I shouldn't have taken this trade.
Hi Sunil, In the First Area Uptrend was quiet strong, Down Trend had just started to show. Now for first short, FTA was the Flip which was formed at 11:50 to 12:15 (roughly). It will definitely find resistance there. So short is not good there.
For second short: After resisting it look at the space hardly 15 points you will be risking 10-12 pts. Low quality trade. Resist.
Nicely avoided shashank. I took a trade at 12-30 PM which is scratched.
ReplyDeleteLater i realized it is a CT trade and also taken at range high. I shouldn't have taken this trade.
Can you pls share your thoughts at that point of time
ReplyDeleteHi Shashank. A tough day, it was.
ReplyDeleteI have a question for you. Plz have a look at this pic:
http://imgur.com/OMKTe5w
Hi Sunil,
DeleteIn the First Area Uptrend was quiet strong, Down Trend had just started to show.
Now for first short, FTA was the Flip which was formed at 11:50 to 12:15 (roughly). It will definitely find resistance there. So short is not good there.
For second short: After resisting it look at the space hardly 15 points you will be risking 10-12 pts. Low quality trade. Resist.
Thank you so much for the explanation..
Delete