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  #531 (permalink)
 
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 devdas 
Al,India
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Took two trades Short and Long. Due to opening bias broken and opening in old value i do not wanted to take anything with in value. But felt eager to trade and took poor Short in intrabar at Trap Bar marked, corrected that and reversed for Long.

Short was clear mistake as

1) Demand Zone holding.
2) Price holding above VWAP.

I was in constant fear of failure from extremes, so was in hurry to take positions as soon as possible within balance.
Though Long spurted good.


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  #532 (permalink)
 
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 devdas 
Al,India
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Experience: Advanced
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Re-entered Long.


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  #533 (permalink)
 
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 devdas 
Al,India
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There is thin demand zone above which this MIRZ trade stands....obviously no holding below that.


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  #534 (permalink)
 
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 devdas 
Al,India
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Exited Long with small profit.


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  #535 (permalink)
 
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 devdas 
Al,India
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Some times NF dont want to give me my share....


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  #536 (permalink)
 
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 devdas 
Al,India
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desperate Short...with max risk.


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  #537 (permalink)
 
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 devdas 
Al,India
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Exited....and over.

I dont wait for opportunity. I could easily understand how MIRZ was failing.


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  #538 (permalink)
 
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 devdas 
Al,India
Legendary  Vendor: www.edevaay.com 
 
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04-Dec-2012 : Today's trades.

There is basic difference in first Short trade and second Short trade.Invalid reason for first Short which were invalid for second also, but they had different risk-reward-probability equation that make failure of first but success for second.
I was rather worried in second Long trade, cause it was near the location where i had already exited first Long. It was little tough psychological decision but i left it on "trend". It didn't materialize and turned like failure that gave confidence to take Short without delay.

Best trade ( i am seeing this after EOD ) of day had developed in noon after major demand level re-test.









From channels, 6025 and 6125 might be level to test this week in event of FDI voting.



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  #539 (permalink)
 
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 devdas 
Al,India
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Experience: Advanced
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Trading: NiftyFuture
Posts: 1,564 since Feb 2010
Thanks Given: 1,514
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I was little confuse and impatience so far. Took Long and lost and then Short for BE.
Staying away for much more time let it go any way...im observer for time being.


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  #540 (permalink)
 
devdas's Avatar
 devdas 
Al,India
Legendary  Vendor: www.edevaay.com 
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,564 since Feb 2010
Thanks Given: 1,514
Thanks Received: 1,703


Smarter player than me not only would have been patience but would have stayed in this Short.
But i lost battle mentally.


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