Market opens full gap down and trading in a tight range of 7720-7740. BO of IRL occurs at 1133 and prices went down till 7708. Thereafter prices pull back to the BO level. Went Short at Pull back as shown in chart Although the BRN-7700 was just near. Exited on SL execution.
No other trades taken today due to high volatility. Due to high volatility, my SL will be wider and any loss due to SL execution will impact badly to my account.
Hi DP Trader,
ReplyDeleteyou should avoid trading at time of big news such as RBI announcement as big volatility is expected. In the log, you entered just mins before the news, which is the least thing that a good trader do.
Regards,
Dinil
Hi DP Trader,
ReplyDeleteyou should avoid trading at time of big news such as RBI announcement as big volatility is expected. In the log, you entered just mins before the news, which is the least thing that a good trader do.
Regards,
Dinil
Hi Dinil
ReplyDeleteThanks for the information. Will keep in mind this point. I will also be posting my charts in future and hope you will guide me in future also for my mistakes.
Happy Trading!
DPT
Dear DP Trader,
ReplyDeleteWith my limited knowledge and abilities, for sure, I will.
Regards,
Dinil