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The 22 Days: A Price Action Trader shares his Journey
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The 22 Days: A Price Action Trader shares his Journey

  #101 (permalink)
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Extremely Bullish Now

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  #102 (permalink)
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Sold one contract at 5923.40, now long one contract

Lightened up by one contract. Can't bear to see glacial swings on two contracts.

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  #103 (permalink)
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If there is heaven on earth, this is it, this is it.


If there is heaven on earth, this is it, this is it.

- Pandit Jawaharlal Nehru, when overwhelmed by the natural beauty of Kashmir



Today is a textbook with trend day.

See bar 18 in the earlier 5 minute chart - that was the spike where the market showed its hand for an always in long.

Till this point I was long three contracts (I loaded up 2 more) and now am long two contracts.

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Simply buying the bottom of the channel and selling the top of the channel till there is a breakout.

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  #104 (permalink)
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"Most uptrends start with a Spike" - Al Brooks

One can never be 'too' sure of where the market is going.
If one is too sure that itself is an indicator of the next trade being a losing trade.


Ooops, I just realized that I did not have the BarNumbers indicator switched on in the earlier 5-min charts. The bar 22 (not bar 18, sorry for the slip up) is where the bull spike confirmed the uptrend

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As you can see I unloaded one lot where I should have loaded up more adding to a winning position (on the top of the same bar 22). Thankfully I realized this was a panic attack and reentered the trend on the next two bars which were part of a teeny pullback (bar 24 long).

Thankfully these panic attacks are getting lesser and lesser.


Last edited by iqgod; February 11th, 2013 at 05:11 AM.
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  #105 (permalink)
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The Last Mile - should I cover or hold?

Market closes in half an hour.

I am long two lots. (a second long order triggered two bars earlier)

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I am planning to hold one lot overnight if my first target is reached.

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  #106 (permalink)
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NIFTY Live Trade

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Original post date/time: 28 Feb 2013 0930 IST

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  #107 (permalink)
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Trailing my stop too close

Note to myself - first sign of the fact that I am trading with scared money?

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Original Post Date/Time: 28 Feb 2013 1005 IST

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  #108 (permalink)
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Trade complete

Now take a breather.

Review.

Meditate.

Then come back.

(against what Mike Bellafiore wrote: You don't take One Good Trade and then take a nap, you take One Good Trade then move on to take another One Good Trade)



Here is the completed trade:

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Original Post Date/Time: 28 Feb 2013 1010 IST

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  #109 (permalink)
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Second trade NIFTY

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Note to myself: My each attempt at a swing trade is turning into a scalp. Holding is sacred. I myself had written - Trading is comfort with the feeling of loss, pain, uncertainty, rejection. Why am I running into issues? Meditate.


Original Post Date/Time: 28 Feb 2013 1015 IST

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  #110 (permalink)
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A Big Day Today


Today is a big day for the Indian markets.

It is the presentation of the Union Budget - these are usually volatile sessions.

Hence I am trading with reduced size.

The price action remains the same.

Original Post Date/Time: 28 Feb 2013 1020 IST

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