Manoj's Trading Diary

manojborle

Well-Known Member
#1
Dear traders I will start posting my trades here.
I am using Price action theory for making my decisions.

1. 5 minute candlestick chart
2. 20 period EMA

and that's all and nothing else.

Will start posting from today
 

manojborle

Well-Known Member
#2
Getting ready to buy 5600 CE
 

manojborle

Well-Known Member
#3
Nifty Spot should break 5604 level and then reverse for price action condition to satisfy
 

manojborle

Well-Known Member
#5
Shorted Nifty Future @ 5635, entered too early so will now hold on and try not to exit too soon
 

manojborle

Well-Known Member
#7
could not sustain the greed bought back short @ 5614
initial target was 5604 but i was afraid to lose the profit so squared off position with good profit

More important thing I paid only 40 rs brokerage with zerodha whereas my previous broker ventura would have charged me rs 200 for the same trade
 

manojborle

Well-Known Member
#8
As 5604 is broken third push down is over and market may not fall more, so now it may enter a trading range or reversal can take place.

According to price action theory now there should be pullback followed by another pullback which should form a higher low so as to confirm reversal.
 

manojborle

Well-Known Member
#10
That was a great entry, Manoj, especially in hindsight :)
augubhai sir, yesterday I shorted @ 5750 but same thing happened and i exited @ 5721 and then there was bloodbath,
I have to learn more so that I don't exit early
 

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