1 trade today
FT of High in Hindalco, multiple HTF bars' compression BO failed quickly ( visible in LTF). Nifty also sideways. FTs are taken with 1/2X risk
Finally a trade moved to target. I trailed rest a bit too aggresively ( old habit, maybe due to anchoring of target price .. ). Just after my exit, Nifty decided to finally break out of range and Hindalco ran very well. FT is CT and most trades will probably not run like this. But we can get big move when trend change happens.
I will try to align my trades with Nifty trend and pattern when it makes sense. So nifty sideways, prefer FTs. Now index has broken down well, will look for bear flags if they show up.
This month gross so far is -1.4% and expenses -1.3%
FT of High in Hindalco, multiple HTF bars' compression BO failed quickly ( visible in LTF). Nifty also sideways. FTs are taken with 1/2X risk
Finally a trade moved to target. I trailed rest a bit too aggresively ( old habit, maybe due to anchoring of target price .. ). Just after my exit, Nifty decided to finally break out of range and Hindalco ran very well. FT is CT and most trades will probably not run like this. But we can get big move when trend change happens.
I will try to align my trades with Nifty trend and pattern when it makes sense. So nifty sideways, prefer FTs. Now index has broken down well, will look for bear flags if they show up.
This month gross so far is -1.4% and expenses -1.3%