I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Friday, 22 January 2016

Intraday Trades - 22.01.2016

Intraday: A Gap Up.. Took first longs as a BPB inline with the yesterday pattern. Closed on the pink line marked above PDH.
Took a Short as per Plan on NF 7420. A bad judgement as it was directly into DP -PDH. Sat till the end, so missed the Squeeze marked in Black.
Have some Positional Shorts also for Monday, lets see how market unfolds..

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4 comments:

  1. SUNIL KUMAR A K23 January 2016 at 11:59

    Hi Deven,
    Will you take trades after 5 min candle close? or SL Limit order entry?

    ReplyDelete
    Replies
    1. Deven Malhotra23 January 2016 at 13:32

      Always limit Order. No significance of candle close in 5 min timeframe.

      Delete
  2. SUNIL KUMAR A K23 January 2016 at 12:02

    Also where you put initial SL for first trade?

    Don't mind for too many questions.

    Thanks

    ReplyDelete
    Replies
    1. Deven Malhotra23 January 2016 at 13:33

      My First SL was Big- below Old RL. Generally i use last pivots as my SL & if my Reward Tgt seems quite Ok, i go for wider stops..

      Delete

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