16-07-2014
16072014
CRUDE OIL open GAP UP 50 point ,After that slightly upword movement then BIAS is bullish now , Lets see ,
Trade 1:- BPB Of MSP
BUY 6060 With SL 6052 Expect tgt new high lets see what happen
exit 6055 hit SL badly .
NET=-5 Point
MIstake :- 1)my BIAS is +ve since morning but ...now mkt is on negative mode and i just IGNORE
Current condition of mkt and enter in trade ,and there is PULLBACK but not cross of it then THis is not valid trade ...but i understand it after loss of 5 point in the trade , this is not good
2) one more point i MISS all movement which is good if i stand on RIGHT side .
Trade 2:-BPB
Short 6047 With SL 6050 scratch 6048
NET=-1 Point loss
Lession :- Atfter enter in the trade mkt make new low and reverse after that mkt hit same low ..but does not break it ..and that is SIGN of Bulliness or reverse of mkt just few point that the ideal exit .
Mistake :- Second trade by location is false there is no space and ..price touch DL & IRL Twice and that is BOF Of DL & IRL ..and thats the location to take trade...and that trade work very well
Trade 3:-BPB OF MSP
BUY 6063 WITH SL 6058 Hitt SL
NET=-5 point
NOW STOP trading for today , this is BAD VERY BAD day three conscessive hit SL .
Lession :- After STOP trading there is good movementum come but cant trade cause of my previous mistake and all three conscessive trade in loss , from next time dont be hurry for trade ,check all condition intially and after that take trade ..
Total NET = -11 Point LOSS
CHECK ALL CONDITION BEFORE TRADE , AFTER TRADE THERE IS POST-MORTEM IS NO USE .
16072014
CRUDE OIL open GAP UP 50 point ,After that slightly upword movement then BIAS is bullish now , Lets see ,
Trade 1:- BPB Of MSP
BUY 6060 With SL 6052 Expect tgt new high lets see what happen
exit 6055 hit SL badly .
NET=-5 Point
MIstake :- 1)my BIAS is +ve since morning but ...now mkt is on negative mode and i just IGNORE
Current condition of mkt and enter in trade ,and there is PULLBACK but not cross of it then THis is not valid trade ...but i understand it after loss of 5 point in the trade , this is not good
2) one more point i MISS all movement which is good if i stand on RIGHT side .
Trade 2:-BPB
Short 6047 With SL 6050 scratch 6048
NET=-1 Point loss
Lession :- Atfter enter in the trade mkt make new low and reverse after that mkt hit same low ..but does not break it ..and that is SIGN of Bulliness or reverse of mkt just few point that the ideal exit .
Mistake :- Second trade by location is false there is no space and ..price touch DL & IRL Twice and that is BOF Of DL & IRL ..and thats the location to take trade...and that trade work very well
Trade 3:-BPB OF MSP
BUY 6063 WITH SL 6058 Hitt SL
NET=-5 point
NOW STOP trading for today , this is BAD VERY BAD day three conscessive hit SL .
Lession :- After STOP trading there is good movementum come but cant trade cause of my previous mistake and all three conscessive trade in loss , from next time dont be hurry for trade ,check all condition intially and after that take trade ..
Total NET = -11 Point LOSS
CHECK ALL CONDITION BEFORE TRADE , AFTER TRADE THERE IS POST-MORTEM IS NO USE .
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