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T For Trading

  #531 (permalink)
 
devdas's Avatar
 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
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Thanks Received: 1,701

Took two trades Short and Long. Due to opening bias broken and opening in old value i do not wanted to take anything with in value. But felt eager to trade and took poor Short in intrabar at Trap Bar marked, corrected that and reversed for Long.

Short was clear mistake as

1) Demand Zone holding.
2) Price holding above VWAP.

I was in constant fear of failure from extremes, so was in hurry to take positions as soon as possible within balance.
Though Long spurted good.

Harvest The Moon
Nest The Market
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  #532 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
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Re-entered Long.

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Nest The Market
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  #533 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
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There is thin demand zone above which this MIRZ trade stands....obviously no holding below that.

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  #534 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

Exited Long with small profit.

Harvest The Moon
Nest The Market
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  #535 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

Some times NF dont want to give me my share....

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  #536 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

desperate Short...with max risk.

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  #537 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

Exited....and over.

I dont wait for opportunity. I could easily understand how MIRZ was failing.

Harvest The Moon
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  #538 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

04-Dec-2012 : Today's trades.

There is basic difference in first Short trade and second Short trade.Invalid reason for first Short which were invalid for second also, but they had different risk-reward-probability equation that make failure of first but success for second.
I was rather worried in second Long trade, cause it was near the location where i had already exited first Long. It was little tough psychological decision but i left it on "trend". It didn't materialize and turned like failure that gave confidence to take Short without delay.

Best trade ( i am seeing this after EOD ) of day had developed in noon after major demand level re-test.









From channels, 6025 and 6125 might be level to test this week in event of FDI voting.



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  #539 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

I was little confuse and impatience so far. Took Long and lost and then Short for BE.
Staying away for much more time let it go any way...im observer for time being.

Harvest The Moon
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  #540 (permalink)
 
devdas's Avatar
 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701


Smarter player than me not only would have been patience but would have stayed in this Short.
But i lost battle mentally.

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