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T For Trading
Started: by devdas Views / Replies:58,090 / 1,132
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T For Trading

  #521 (permalink)
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30-Nov-2012 : Took two trades. There is nothing specific to first Short trade, just a momentum trade...perhaps this had advantage of overstretching of price from every scale. Though what i had expected as my target fizzle out due to vanishing momentum. This was also the reason i started thinking this day as neutral ( here i mean not exactly Neutral Type as per definition from MoM, rather a day developing symmetrically around Opening range/price with poor facilitation ) and i mentally detached from whatever was going on.

I was seeing how NF was turning up bit by bit...if i were to enter somewhere i could, but i was not in mood to react to any development. I felt myself statue.

1) Why i should enter at A ? - No concrete reason. It was just a normal creek bar in favor of larger daily upmove. Rather this development was still under VWAP, it could be short lived and restricted at VWAP.

2) Why i should/shouldn't enter at B ? - Now it was better positioned in comparison to A, completed a pullback and started heading up above VWAP. But my mind said to i might still risk against Opening bias.

What other favoring factor for A and B which i was missing that price momentum has increased little on daily basis so they could have been used for entry betting on momentum only.

3) I finally came out of statue mode near C - something echos that i am doing wrong , i am missing the trend and trade both. I just pick a reason that delta is spurting and price coming out from little consolidation and took the Long. ( a chart for 3 min FP is shown just for clear visibility of this....though i track FP on 15-min ) Definitely delta would have been building on A and B also, but being statue i was senseless for anything.


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  #522 (permalink)
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Larger Picture.


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  #523 (permalink)
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I was really afraid to take Long near upper 2nd SD....rather shorted with max risk.

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  #524 (permalink)
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Exited short. If its going against Opening Bias ( which is bullish to neutral ) then either its reversal or neutral type development. Perhaps next trade may come late.

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  #525 (permalink)
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Futures Edge on FIO
I am thinking , was it so easy to go Long from trend perspective ?
Or was it so easy to Short from fade perspective ?
Clearly it depends upon situation, risk measurement and synchronizing with structure.

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  #526 (permalink)
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Completed another scalp Short...but had in mind that its nearing 2-Day VAL and little neutral structure.

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  #527 (permalink)
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If this is neutral structure then its headed again towards high and beyond that....but i don't remember if NF moves like that....may be possible...will take Long if i get an appropriate spot.

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  #528 (permalink)
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One silly reason for Long is that bears are perhaps loosing on time. Took Long with max risk.

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  #529 (permalink)
 Vendor: www.edevaay.com 
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03-Dec-2012 : Took total three trade. First short went as expected, second short i should have left but took. After second short , it threw possibility of going up, but it didn't materialize in my Long trade and turned BE.
Overall , it seems respecting demand zone pretty much and hence might turn more clear from decision perspective. There is an another four step development ( not marked in chart ) and price seems penetrating on 2nd upper SD.
I guess tomorrow a MIRZ type trade situation can arise easily.


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  #530 (permalink)
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Wait n Watch for opportunity.

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