SEE HOW I TRADED BNF TODAY & PLAN FOR 17-4-20
TODAY TRADING PSYCHOLOGY IN MY TRADES AS FOLLOWS:-
1. IN YESTERDAY POST MY BIASED WAS SHORT SAME HAPPENED WITH GAP DOWN OPENINNG . MARKET REMAINED 2 HRS IN DOWN SLOPING CHANNEL SHOWN IN DOTTED WHITE COLOR. AROUND 11 AM PRICE BROKE THIS CHANNEL. MEANS DOWNWARD MOVE FINISHED. ALWAYS REMEMBER IN DAY TRADING SENTIMENTS CHANGES FREQUENTLY. SO I CHANGED MY BIASED TO LONGS. REASON THE DOWN TARGET WAS AT WHITE LOWER BOX. PRICE SHOULD MOVE TILL THIS BOX. BUT WHEN DOWN CHANNEL BREACHED I CHANGED MY VIEW.
2. TILL 11AM I WAS WAITING TO TIME MY TRADE WITH CORRECT DIRECTION . THAT I GOT ON BREACHING WHITE DOTTED CHANNEL. HERE I OPENED MY LONGS WITH THE TARGET OF RED LINE SHOWN IN GREEN DOTTED CHANNEL. PRICE REACHED THERE IN NEXT ONE HR. I CLOSED MY LONG. BECAUSE THAT IS CRITICAL RESISTENCE WHERE PRICE CAN MOVE TO DOWNSIDE FOR RANGE BOUND STRUCTURE. AT THIS RESISTANCE BNF SPENED ALMOST TWO HRS. AROUND LAST HR IT BROKE THIS RED RESISTANCE WITH NEXT 15 MIN BULL CANDLE.THIS IS THE SIGN OF CONFIRMATION OF GREEN DOTTED UPWARD CHANNEL. WITH THIS EXPLANATION YOU CAN SEE HOW SENTIMENTS CHANGE WITH PRICE.
TRADE PLAN FOR 17-4-2020
1. AS YOU NOW KNOW PRICE IS SHITED ROM DOWN SLOPING CHANNEL TO UPWARD CHANNEL SO MY BAISED IS LONG OR TOMMOROW. YOU ALL KNOW NOW BIASED CAN CHANGE IN DAY ANY TIME DEPENDING ON PRICE ACTION. SOMETIMES IT CONTINUES WHIOLE DAY AND SOME TIMES DISCONTINUES IN BETWEEN DAY TIME.
2. TILL PRICE REMAIN IN UPWARD CHANNEL I WILL BE HOLDING MY LONGS WHICH I WILL TIME TOMMOROW. ON BREACHING GREEN DOTTED CHANNEL DOWN I WILL QUIT NY LONGS.
3. I PRICE BREACHES HORIZONTAL CHANNEL IN PINK COLOR THEN YOU CAN SEE GOOD MOMENTUM IN UP SIDE. REST MARKET WILL DECIDE.
1. IN YESTERDAY POST MY BIASED WAS SHORT SAME HAPPENED WITH GAP DOWN OPENINNG . MARKET REMAINED 2 HRS IN DOWN SLOPING CHANNEL SHOWN IN DOTTED WHITE COLOR. AROUND 11 AM PRICE BROKE THIS CHANNEL. MEANS DOWNWARD MOVE FINISHED. ALWAYS REMEMBER IN DAY TRADING SENTIMENTS CHANGES FREQUENTLY. SO I CHANGED MY BIASED TO LONGS. REASON THE DOWN TARGET WAS AT WHITE LOWER BOX. PRICE SHOULD MOVE TILL THIS BOX. BUT WHEN DOWN CHANNEL BREACHED I CHANGED MY VIEW.
2. TILL 11AM I WAS WAITING TO TIME MY TRADE WITH CORRECT DIRECTION . THAT I GOT ON BREACHING WHITE DOTTED CHANNEL. HERE I OPENED MY LONGS WITH THE TARGET OF RED LINE SHOWN IN GREEN DOTTED CHANNEL. PRICE REACHED THERE IN NEXT ONE HR. I CLOSED MY LONG. BECAUSE THAT IS CRITICAL RESISTENCE WHERE PRICE CAN MOVE TO DOWNSIDE FOR RANGE BOUND STRUCTURE. AT THIS RESISTANCE BNF SPENED ALMOST TWO HRS. AROUND LAST HR IT BROKE THIS RED RESISTANCE WITH NEXT 15 MIN BULL CANDLE.THIS IS THE SIGN OF CONFIRMATION OF GREEN DOTTED UPWARD CHANNEL. WITH THIS EXPLANATION YOU CAN SEE HOW SENTIMENTS CHANGE WITH PRICE.
TRADE PLAN FOR 17-4-2020
1. AS YOU NOW KNOW PRICE IS SHITED ROM DOWN SLOPING CHANNEL TO UPWARD CHANNEL SO MY BAISED IS LONG OR TOMMOROW. YOU ALL KNOW NOW BIASED CAN CHANGE IN DAY ANY TIME DEPENDING ON PRICE ACTION. SOMETIMES IT CONTINUES WHIOLE DAY AND SOME TIMES DISCONTINUES IN BETWEEN DAY TIME.
2. TILL PRICE REMAIN IN UPWARD CHANNEL I WILL BE HOLDING MY LONGS WHICH I WILL TIME TOMMOROW. ON BREACHING GREEN DOTTED CHANNEL DOWN I WILL QUIT NY LONGS.
3. I PRICE BREACHES HORIZONTAL CHANNEL IN PINK COLOR THEN YOU CAN SEE GOOD MOMENTUM IN UP SIDE. REST MARKET WILL DECIDE.
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