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T For Trading

  #271 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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seems rebounding from Test Point ( 5330 )...but i am not of that view now.

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  #272 (permalink)
 
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 devdas 
Al,India
 
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Normally i dont get late to exit....but this is to how should i feel seeing this.
PnL does not matter here.

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  #273 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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Now i am comfortable....just cause this move gave me final stop where should i get exit in reverse. 5339.

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  #274 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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Posts: 1,562 since Feb 2010
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Finally it stopped @ 5339.

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  #275 (permalink)
 
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 devdas 
Al,India
 
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Longed @ 5339...on short squeeze.

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  #276 (permalink)
 
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 devdas 
Al,India
 
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devdas View Post
Longed @ 5339...on short squeeze.

Not worked as fast quit @ 5337

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  #277 (permalink)
 
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 devdas 
Al,India
 
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Nett result of day = -3-4 = -7 Pts after comm.


This was again a development inside yday balance when i started. But given my available time, i try to take whatever market makes at the time....even if its developing in just 18 point range.
Yes, i made two opportunity mistake in first short trade - one it was little late by 2-3 bars and second it need to quit near 5330. Its not hindsight , i was aware of it very well, but i was of view for continuation after small pullback.
Formation style of pullback point 1 was not good for my short, but still i took it as final exit point. I was still holding, even knowing this trade has changed its track and flowing in different stream.
After stopping out short, formation 3,4 and 5 in conjunction to rejections 1 and 2, threw a picture of short squeeze. Though i had little time to execute , but pace of movements put me in confidence that it will get up fast within 2-3 bars. But it reversed, forcing me to quit.







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  #278 (permalink)
 
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 devdas 
Al,India
 
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Observing this initial stopping point and a reference zone 5358-55.

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  #279 (permalink)
 
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 devdas 
Al,India
 
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Hold back to enter long on this stalling.

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  #280 (permalink)
 
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 devdas 
Al,India
 
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Took a long @ 5359

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