Positional: An Observation is in Daily Chart- A Positional TRAP has occurred in an Uptrend. Entry just above recent Pivot - Blue line. Lets see, what are the targets, if it sustains above last high..
20140509193128.png)
Intraday: Oh God ! we are never satisfied with our Exits !!
1) A Long on BPB in the morning. Next candle was a gap up breaking all DPs. Closed when 2nd push failed to go above RH.
2) Another Long on break of RH. Closed on a Tag on UBB with 2 inverted hammers.
Still unsatisfied as missed the last TRAP.. Just look at the MBB.
20140509192341.png)
Intraday: Oh God ! we are never satisfied with our Exits !!
1) A Long on BPB in the morning. Next candle was a gap up breaking all DPs. Closed when 2nd push failed to go above RH.
2) Another Long on break of RH. Closed on a Tag on UBB with 2 inverted hammers.
Still unsatisfied as missed the last TRAP.. Just look at the MBB.
What are RH and RL mentioned in your charts?
ReplyDeleteHi PA Trader,
DeleteRH & RL are just Range High & Low. These can be Initial Ranges or any range in between the course of a day. Basically Dynamic DPs.
Thanks,
Deven Malhotra
Deven
ReplyDeleteNice trades.
Further up move will create a flip at 6900. normally a signal to go long with SL below this level
But the "Big Event" is round the corner
ST