Intraday Trading

[TradingFloor]

Markings DH DL - Yellow (Dash)
PDH PDL - White (Dot)

Starting capital 15k
Risk : Max 3% per day or 3 Consecutive SL hit ( whatever comes earlier)
Entry: Solid Free Line Marked with Blue
Exit: Yellow Solid Line
SL : Red Solid Line
Target: To be consistent with this system till 23/11/19

Trade 1: Buy @ 250.85 SL Hit @250.55

Only 1 Trade today direct SL hit no scratching opportunity present.

SL adjusted to match QTY in Log Book

 

[TradingFloor]

Pre Market Study

Chart making HH and HL, Bias Long, taking support at 250-251.

 

[TradingFloor]

3 Trades today, All three hit Consecutive SL, as per rule going to stop trading.

 

[TradingFloor]

Summary: Trade 1 : After testing day low, price got rejected, wanted to go long above red candle but entry would have been very aggressive, I wanted to enter at pull back but got an early opportunity to enter at AP. Price gave nice up move after entry, but failed to reach target. Price fell down and shifted the SL to breakeven and exited.

Trade 2: Correctly waited for price to test Day Low, got rejected, entered at pull back, but failed.

Trade 3: Price tried to move again and entered as earlier breakout may have failed and this one might succeed but this one failed as well.

Trade 2 Was correct as patiently waited for failure @ DL


Learning: 3
Trade 3 was rushed. Since it was taken soon after T2 When T2 failed I should wait and see what price is doing at that level.

 

[TradingFloor]

Pre Market Study
Bullish again after making siries of LL and LH on LTF 3.15% gap up opening.

 

[TradingFloor]

2 trades as per system, First trade short Order did not execute

2nd Trade Long exited @ 1:2.28

Good to have first profitable Trade for this system.

Wishing everyone in Traderji a very Happy Diwali.

 

[TradingFloor]

Weekly Report:

Need to ask SwagatN how to fix dates on charts

 

[TradingFloor]

Price is making higher high and higher low on HTF. After a Strong gap up it slipped below PDL. Now trading at resistance of 250 -251. Will wait for Clear PA to form before entry.

 

[TradingFloor]

2 trades today both Long, both got scratched. Could not capitalize on the stong up move. Both trades hit target but did not book profit as was expecting a strong up move

 

[TradingFloor]

Summary: Trade 1 Correct Entry, Price gave a strong move after entry but FTC. Moved my SL as per system. Price reversed exactly after kissing my SL and hit T1 (1:2), early exit's can prove to be difficult but I want the system to exit early unless it comes green. After it goes green I could modify to have more relaxed TSL.

Trade 2: Target hit within 5 minutes of entering the trade. I did not book profit at 1:2 as I wanted 1:3 ratio ( due to strong bull move). Price reversed kissed my SL and Hit 1:3. I did some PPB @ 1:2.3 but could not get 50%.

Learning:
I see some error in not booking profit at 1:2. Would look to modify rule to do some partial exit at 1:2, rest can be done at TSL.