SEE MY TRADING PLAN FOR BNF ON 24-4-20 WITH TRADING LESSONS
HOW I WORKED WITH YESTERDAY PLAN
1. IN PREVIOUS POST I SHARED TWO STRUCTURES OF TRDING , MARKET CHOSE RED ONE FOR ITS MOVEMENT. THE EXTENDED SUPPORT RED LINE WAS MISSED IN MORNING TRADE ONE HR ,I DID NOT EXTEND IN MORNING SO THE FIRST TRADE WHICH TOOK SUPPORT WAS MISSED CIRCLED IN WHITE COLOR. SEE THE ACCURACY OF THIS CANDLE SUPPORT AND RESISTANCE OF LOWER END OF BOX. AS I HAD ALREADY SHARED YOU I F WHITE COLOR BOX IS TAKEN OUT IN UP SIDE ONLY THEN I WILL BE BULLISH. TILL PRICE REMAIN IN ORANGE CHANNEL I WILL BE BULLISH . WHENEVER THIS CHANNEL IS BROKEN IN DOWN SIDE I WILL BE BEARISH.PINK COLOR CIRCLE SHOWS THE ACCURACY OF WHITE BOX, PRICE GETS REJECTED TRAPPING BULLS AND NEXT CANDLE IN YELLOW CIRCLE WAS GOING TO FOLLOW THE WHITE STRUCTURE SHOWED YESTERDAY. BUT COULD NOT BREACH LOWER END O THE WHITE BOX. SEE ACCURACY OF ZONES WHICH I MAKE ONE TO TWO DAYS PRIOR. THIS CANDLE ALSO TRAPPED BEARS . YESTERDAY ALSO BOTH GOT TRAPPED TODAY SAME HAPPENED. THIS FORMATION IS REALLY TRICKY. AS SENTIMENTS JUST IN TWO HRS CHANGE TWO TIMES. MANY TRADERS CAN NOT CHANGE WITH PRICE MOVEMENT.
2. WHEN THIS WAS DONE THEN I TOOK POSITION IN LONG SIDE AND CARRIED FOR TOMMOROW. YESTERDAY I TOOK THREE POSITIONS TODAY ONLY ONE. THIS HAPPENS IN DAY TRADING.
TOMMOROW PLAN OF TRADING
1. TWO STRUCTRUES ONE IN RED AND SECOND IN GREEN MARKET CAN FOLLOW. EXTENTED RED SUPPORT IS THE LAST HOPE OF LONG TREND. IF IT BREACHES THEN I WILL BE BEARISH.ON THE CONTRARY , IF ORANGE CHANNEL IS BROKEN DOWN I WILL NOT TRADE IN LONG SIDE. RATHER WAIT FOR PRICE TO COME NEAR RED SUPPORT LINE THEN WILL FIND LONG SETUP. WHITE LINE WILL ACT AS RESISTANCE I IF PRICE REACHES THERE I WILL BOOK MY LONG DEPENDING UPON THE FORMATION OF CANDLES NEAR THIS. REST MARKET WILL DECIDE.
1. IN PREVIOUS POST I SHARED TWO STRUCTURES OF TRDING , MARKET CHOSE RED ONE FOR ITS MOVEMENT. THE EXTENDED SUPPORT RED LINE WAS MISSED IN MORNING TRADE ONE HR ,I DID NOT EXTEND IN MORNING SO THE FIRST TRADE WHICH TOOK SUPPORT WAS MISSED CIRCLED IN WHITE COLOR. SEE THE ACCURACY OF THIS CANDLE SUPPORT AND RESISTANCE OF LOWER END OF BOX. AS I HAD ALREADY SHARED YOU I F WHITE COLOR BOX IS TAKEN OUT IN UP SIDE ONLY THEN I WILL BE BULLISH. TILL PRICE REMAIN IN ORANGE CHANNEL I WILL BE BULLISH . WHENEVER THIS CHANNEL IS BROKEN IN DOWN SIDE I WILL BE BEARISH.PINK COLOR CIRCLE SHOWS THE ACCURACY OF WHITE BOX, PRICE GETS REJECTED TRAPPING BULLS AND NEXT CANDLE IN YELLOW CIRCLE WAS GOING TO FOLLOW THE WHITE STRUCTURE SHOWED YESTERDAY. BUT COULD NOT BREACH LOWER END O THE WHITE BOX. SEE ACCURACY OF ZONES WHICH I MAKE ONE TO TWO DAYS PRIOR. THIS CANDLE ALSO TRAPPED BEARS . YESTERDAY ALSO BOTH GOT TRAPPED TODAY SAME HAPPENED. THIS FORMATION IS REALLY TRICKY. AS SENTIMENTS JUST IN TWO HRS CHANGE TWO TIMES. MANY TRADERS CAN NOT CHANGE WITH PRICE MOVEMENT.
2. WHEN THIS WAS DONE THEN I TOOK POSITION IN LONG SIDE AND CARRIED FOR TOMMOROW. YESTERDAY I TOOK THREE POSITIONS TODAY ONLY ONE. THIS HAPPENS IN DAY TRADING.
TOMMOROW PLAN OF TRADING
1. TWO STRUCTRUES ONE IN RED AND SECOND IN GREEN MARKET CAN FOLLOW. EXTENTED RED SUPPORT IS THE LAST HOPE OF LONG TREND. IF IT BREACHES THEN I WILL BE BEARISH.ON THE CONTRARY , IF ORANGE CHANNEL IS BROKEN DOWN I WILL NOT TRADE IN LONG SIDE. RATHER WAIT FOR PRICE TO COME NEAR RED SUPPORT LINE THEN WILL FIND LONG SETUP. WHITE LINE WILL ACT AS RESISTANCE I IF PRICE REACHES THERE I WILL BOOK MY LONG DEPENDING UPON THE FORMATION OF CANDLES NEAR THIS. REST MARKET WILL DECIDE.
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