Tuesday, February 16, 2016

Not a very good day - Day Trading: Feb 16, Intraday

Range Compression Trading System - mechanical version continues. The first 3 trades hit their Initial Stop Losses. The fourth trade redeemed a bit. Number of trades have increased since I am now using a more liberal mechanical entry criteria. Initial Stop Losses are kept wide.... As I always feel with this Trading System, felt stupid giving up large MFE's to make losses (that's really a result of the mechanical Trailing Stop rules, and not the Trading System as such).

Nifty M3 Candlestick Chart

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