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T For Trading

  #841 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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From a large swing perspective and from symmetry its where it had to. But right now from intraday , it seems me in middle and hence a wait to act. possibly i might take short near 8518-25.






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  #842 (permalink)
 
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 devdas 
Al,India
 
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Right from beginning slow updrift was visible, still i took a short in that range but could not get handsome.
Second relatively big rejection made me thinking of flushing out but this time too it bounced from MA. Quickly
quit second short also. In summary , felt like fighting against the trend.



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  #843 (permalink)
 
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 devdas 
Al,India
 
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This was old favorite MIRZ long premise and hence traded well for long.
Half position was with good reward, rest was a little annoying in anticipating
possible FA. Though i was not in mood of any Short trade in this, only quit the rest long on weakness.






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  #844 (permalink)
 
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 devdas 
Al,India
 
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Opps....i didnt said it to fall......



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  #845 (permalink)
 
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 devdas 
Al,India
 
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Today was a bit slow move, add to that i entered long after initial upmove , near 8616. Just after that it gone in a bit
consolidation and drift. Though both possible stop 8610 and 8602 ( both being local HVN ) were in my risk limit.
Finally it gave a breakout and quit all longs at one place.



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  #846 (permalink)
 
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 devdas 
Al,India
 
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Higher opening lure me to short for a quick mean reversion trade, but i was quicker than price.
I paid for this and first short trade lost full stop of 16 point from 8735 to 8750 with in first few minute.
This obviously lead me to Google ( ) obvious reason of failure. Seriously i was early....very early that
acted on nascent short sign. In such outcome i have often left rest of market without any further attempt.
But given possible rewarding structure of today, took second short near 8750 , after significant sign, and quit
at average price of 8727.






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  #847 (permalink)
 
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 devdas 
Al,India
 
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I had always estimate developing range/points based on TPO chart, i got this sense over long time using that.

a) On after opening my guesstimate about bounce level were 8703 and 8683 , latter being a far possibility at that time.

b) On after bounce from 8707 another rejection sense was from 8750.( Low volume and delta were addons for this )

c) On rejection at 8750 , this was now more risky for any side, but guesstimate were now 8777 upside and far lower possibility of 8683 still open.


But being every good sense i didn't wanted to come out of my comfort zone after two trades. On point (b), i was just
to open a short trade again but could not pull the trigger.






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  #848 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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This MIRZ long setup was again repetitive and easy for me, but i had a little hesitation about entry timing.
Another hesitation was of initial delta pull. I discarded that and weigh this as test of yday resistance level 8750, after all
that was the whole basis of MIRZ. Got good entry and good reward, given that yday's upside target 8777 still
reachable.


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  #849 (permalink)
 
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 devdas 
Al,India
 
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Stuck between 8780 and 8760. I think to short but not early. Waiting to breach 8760 that will open the possibility
of 8683 in next course.



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  #850 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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Trading: NiftyFuture
Posts: 1,562 since Feb 2010
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Most annoying thing of trading - Waiting, waiting when its on verge of breaking a boundary. You dont want
to miss a penny and pay if got wrong.



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