Monday, January 18, 2016

Breakeven day - Day Trading: Jan 18, Intraday

I continued with the same Range Compression Trading System that I traded last week. Entries are discretionary, and Stops and Trailing are mechanical.

It gave me 2 trades. The first long trade hit the Stop Loss in 2 minutes. The second trade - Short - hung on for a long time, before breaking 7400. I moved my Initial Stop Loss after 105 minutes, and the Trailing Stop was hit within the next 5 minutes.

There was another shorting opportunity in the afternoon, that I decided not to take. It would have been a good one, if I had taken.

Nifty M3 Candlestick Chart

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