Wednesday, November 18, 2015

20151118 - Dropped catches in my century today!!!

Today, luck was with me. Since Monday, when I moved to the M5 chart, and tightened the Stops, shake outs (bad luck) have been affecting. The market pulls back just to eat my SL and then continues on its way... See the trade 2 on Monday and almost all exits on Tuesday.

Not so today. The price came within 1 point of my SL 4 times but did not touch them. Finally, I have a century in this series with the help of all those dropped catches!!!

I have no clue about why the market fell. I don't really follow the news, I follow only my system. The advantage of a mechanical trading system is that you get plenty of free time, since you don't need to analyze the price moves in real time. Unfortunately, I do not do anything useful with all that free time.

Day Trading: Nifty M3 Candlestick Chart

Day Trading: Nifty M5 Candlestick Chart

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