Sunday, February 7, 2016

Bad run continues - Day Trading: Feb 5, Intraday

This month appears to be a repeat of December. Last week's score has been +8, -59, -31, +1, -40. I have lost 122 points this month.

Friday's trading was without a real plan (discretionary?), but it mostly stuck to the Range Compression Trading System. Entries were discretionary, while for Stops, I continued to use mechanical rules. All the entries were in the chop, and I got chopped. Couple of entries that could have been winners, were ignored. Most Favorable Excursion on the 3rd trade was +15, and +30 on the 4th trade.

Nifty M3 Candlestick Chart

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