Intraday: A Trending day with Gap Up. These all time highs always seem difficult to me, as Profit taking can come anywhere. Took too many trades with tight SL. A 100 pt day with no good trade.
1) Short on the Hammer on UBB. Closed when there was a Tag on LBB at no Loss. I was expecting till PDH.
2) Long on the BOF of Day's open followed by a Tag after crossing pivot. A big Red candle stopped me out.
3) Tried a Long, but order not filled at good rates on the Breakout marked in Pink. from 6531, mkt moved down with Profit taking.
4) Short on the close below MBB (although it was a Bullish mkt). Stopped out. Bad judgement.
5) long on the break of Pivot as BOF of BRN. MBB up. Closed on same candle, as it formed an inverted hammer.
6) Long on the Break out candle closing above UBB. Closed in big Red Candle.
Problem today- Over trading with every signal found. Will reduce no of trades from Monday..
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1) Short on the Hammer on UBB. Closed when there was a Tag on LBB at no Loss. I was expecting till PDH.
2) Long on the BOF of Day's open followed by a Tag after crossing pivot. A big Red candle stopped me out.
3) Tried a Long, but order not filled at good rates on the Breakout marked in Pink. from 6531, mkt moved down with Profit taking.
4) Short on the close below MBB (although it was a Bullish mkt). Stopped out. Bad judgement.
5) long on the break of Pivot as BOF of BRN. MBB up. Closed on same candle, as it formed an inverted hammer.
6) Long on the Break out candle closing above UBB. Closed in big Red Candle.
Problem today- Over trading with every signal found. Will reduce no of trades from Monday..
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