BNF Intraday Dairy

#11
2 more trades

short @ 10570 stopped for -10

short @ 10600 cover at 10570

In all so far 4 trades for no gain . . . . .

Trade 01 Long -20
Trade 02 Short +40
Trade 01 Long -10
Trade 02 Short +30

After cost / brokerage nothing for days efforts . . .
 
#12
On higher time frame charts offer very good support area from 10500 - 10550. But this sideways price action just above it indicates that the support may be broken / pierced rapidly / quickly. . .
 
#14
Smaller time frames are bearish but there was no clean break down on HTF charts, so trend remains sideways,


for intraday trading becomes high probability if we have a clear well defined trend on 15/30/60 time frames, and whenever that happens we should take bigger positions or use multiple trades.
 
#15
What TF are you tracking the calls !?
I use 2 charts, one each for HTF and smaller TFs.

HTF chart i switch between 15/30/60 minutes
Entry/exit chart i switch between 3/5 Min

Don't believe in any one time frame is special, whichever show me a clear trend i go with that, don't want to do too much analysis.

When trading I have two simple objectives
1. get out of losing trade and
2. try to hold on when the trend is clearly established in the direction of our trade.
 

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