Positional: Closed my Positional longs at 7170 initiated at 6780 (on 09.05.2014) as mentioned in comments-
Here exiting positional longs means - A stall in Uptrend only. It doesn't mean a Downtrend starts. It can be a Consolidation / A downtrend / Another Upmove. Price will confirm further & we can always re-enter..
Intraday: Mkt Gap up but couldn't sustain in the initial move as earlier days. Gave a Pullback.
1) Long above day's high on BOF of BRN. Closed at RH, when 2nd push failed to move above. Last move was with good momentum, but couldn't go beyond BRN 7200.
2) A Risky Short on break of RH & MBB. It could have been a TRAP, so was ready to get out immediately, but it didn't happen. Closed when it crossed back RH.
Rest mkt was choppy. No further trade. Will try to do 1 trade only from tomorrow till election results, as mkt has become volatile.
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Deven Malhotra13 May 2014 11:35
Booked Profit in my Positional Longs at 7170.. Don't like too much Gap ups in between trades..Here exiting positional longs means - A stall in Uptrend only. It doesn't mean a Downtrend starts. It can be a Consolidation / A downtrend / Another Upmove. Price will confirm further & we can always re-enter..
Intraday: Mkt Gap up but couldn't sustain in the initial move as earlier days. Gave a Pullback.
1) Long above day's high on BOF of BRN. Closed at RH, when 2nd push failed to move above. Last move was with good momentum, but couldn't go beyond BRN 7200.
2) A Risky Short on break of RH & MBB. It could have been a TRAP, so was ready to get out immediately, but it didn't happen. Closed when it crossed back RH.
Rest mkt was choppy. No further trade. Will try to do 1 trade only from tomorrow till election results, as mkt has become volatile.
