Thursday, September 14, 2017

Regular Day - Day Trading - NIFTY

Today, I could not trade Crude Oil. The Crude Oil chart today is unidirectional so far, and I think that it would have been an easy trade if I had traded it.


NIFTY M3 Price Action Chart
NIFTY M3 Price Action Chart

The first trade was a long within 20 seconds of the Day Open. The trade was correct as per the chart at that time, but when the bar repainted after the completion of the first minute, the position became invalid as per my rules. Turned out to be a good trade though.

The other trades were regular trades. Some of my exit points turned out to be reversal points. And some of my exit ticks do not even show up in the chart. Same issue had happened during the Crude Oil whipsaw on Tuesday. But have to work with what data we have...

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