BIG PICTURE
TRADING DAY
- OVERALL TREND IS UP. PRICES HAVE BEEN IN UPTREND FOR THE PAST 7 DAYS.
- PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE.
TRADING DAY
- 09:33: LONG TRADE AT BPB ABOVE RN. E-8270.ISL-8254.
- 10:05 - ISL2 AT 8261.
- 10:46 - ISL2 HIT. POINTS -9
- 12:17 -LONG TRADE AT BOF OF RN 8250. E-8255. ISL-8240
- 12:32 - SCRATCHING TRADE. POINTS +0
- 15:01 - SHORT TRADE AT CPB AT BRN 8300. E-8293. ISL-8305.
- 15:22 - TP AT 8290. POINTS +3
Guru
ReplyDeleteDon't consider RN as DP. RN gets its importance only around expiry days.
During second trade, prices were moving in a channel and you took BOF trade in the channel. Avoid taking BOF in a channel move.
URD