Kotak Bank: Trade setup for 8th July 2020
Updated
Bullish
Buy: 1350-1356
Stop: 1340
Wait for price action to confirm.
Incase of gap up wait for price to retrace. Incase of gap down as long as 1340 is not breached can initiate long.
Do not trade if market does not confer to the plan
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Buy: 1350-1356
Stop: 1340
Wait for price action to confirm.
Incase of gap up wait for price to retrace. Incase of gap down as long as 1340 is not breached can initiate long.
Do not trade if market does not confer to the plan
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Trade active
Long @ 1369Stop @ 1340
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.