LONE WOLF's Trading Diary

Trade direction was right but trade entry was late.You donot have to wait till the low of the day gets cracked to short. Market opened weak and it took a upmove .But it made a lower VPH as compared to earlier day. We are in vis downtrend .So short the first mpl as shown in the chart.

With yesterdays volatility, it is difficult to catch the correct place but methodwise the red line shown was a place to short.



Edit : In the chart read as Lower VPH. Lower VPL is a typo error.

Smart_trade

Trade direction was right but trade entry was late.You donot have to wait till the low of the day gets cracked to short. Market opened weak and it took a upmove .But it made a lower VPH as compared to earlier day. We are in vis downtrend .So short the first mpl as shown in the chart.

With yesterdays volatility, it is difficult to catch the correct place but methodwise the red line shown was a place to short.



Edit : In the chart read as Lower VPH. Lower VPL is a typo error.

Smart_trade

Also want to add one more point, if price try to do something and failed thrice it does opposite.

It tried to go down but failed thrice, so may be long was there where short covered. Cover long at EOD.

Also want to add one more point, if price try to do something and failed thrice it does opposite.

It tried to go down but failed thrice, so may be long was there where short covered. Cover long at EOD.

Trade direction was right but trade entry was late.You donot have to wait till the low of the day gets cracked to short. Market opened weak and it took a upmove .But it made a lower VPH as compared to earlier day. We are in vis downtrend .So short the first mpl as shown in the chart.

With yesterdays volatility, it is difficult to catch the correct place but methodwise the red line shown was a place to short.



Edit : In the chart read as Lower VPH. Lower VPL is a typo error.

Smart_trade

Date : 29 APR 2016



Intermediate trend was down, So trade plan was trading SHORT with minor downtrend.

SHORT = 7835.05, SL = 7855, Risk = 20 pts. EXIT = 7855. Loss = 20 Pts.
Total = 1 Trade, Brokerage = 2 Pts, Net Loss = 20 + 2 = 22 Pts

Net = Loss 22 Points

Seeking Suggestions

@Experienced pivot trader. Please guide. I shorted at Day low. LOL..
any way if that could have been avoided or any better way to trade yesterday's chart ??

I hope you get success. That will be a inspiration to all the struggling traders.

After analyzing friday's chart, this is the better version that I got as per my 30-5 Trading system.



Confused about the add at day low.