sir some times i force some pattern,and analysing i came to a conclusion that all pattern goes well when i am with trend ,and when i am not with trend i not goes well,so ultimate sucess is knowing the trend,it is my three months experience
@dr_professor_nifty, "Trend is your Friend" is very famous dictum so the small trader should go with the trend it is much easier to flow with the current. However Reversal do happens and in my experience Wolfewave catches it mostly. But it didn't work in this particular case. Part of the game!
@dev_trader, Stop Loss would be 962 on closing basis spot price adjust suitably for future price. Regarding entry trade is ready at the entry level one can enter if this much of risk is affordable otherwise one can wait and enter at higher price but that has the risk of missing the trade if price falls.