Market opened with a gap above the triangle, followed by a horrifying morubuzu on 5min. chart. I wanted to enter long as near to swing high B as possible. So I entered 2 lots long in the second 15 min. candle @9890 with SL@ 9862 and target 9922.
As the price action progressed a type bat, not perfect, came in to picture. The only beauty of this pattern that attracted me was that the PRZ -- 0.88XA retracement and 2BC projection (9916) coincided near my target (9922). That gave me a reason to break my profit targets and shift T1 to 9915.
As T1 was hit and followed by a terminal bar I trailed the SL2 to break even (9890). Then I came across a small in the PRZ, I quickly shifted the SL2 below the base of triangle @ 9904.
Two more fresh Sell stops were also placed @ 9904. As soon as my SL2 got hit I had two fresh short positions in my account. SL for these were @ 9920 and T1 was 9893 (50%XA). T1 was hit in the very entry candle. I trailed the SL2 for second lot to break even @ 9904.
Market took some support @ but long wicks of the candles were telling me to hold the position for a while. But there was an isuue and that was T2, which was not yet decided. Should I trail the highs of 15 min candles or should I hold it till 9830. I was confused.
Then I came across a very nice support @ 9860 which concided with the 1:1 XA extension from D and an important swing low. I put a buy stop @ 9861. As soon as price broke the and closed with notes on 15 min. candle chart, I shifted the SL2 to 9893. With in half an hour the buy stop was executed and all positions were closed.
The move after 1:15pm was quite unexpected, a news or what I dun know. I was not prepared for this move so happily missed that beautiful move, but it finally hit 9922.
Hit like if you think this experience can be helpful.
Trade Safe, Stay healthy.
Important Note: I am no one to teach anyone on TradingView and I can't, but one thing is sure that we learn from each others good or bad experiences. So just sharing my trades hoping they will be helpful for somebody.
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High and bought low! Am saying this but Inwent long at 9985 and positionally I was prepared to reverse at 9792( too wide a stop) for a target of 9700! Luckily market again bounced from the futures gap area! After many years of trading still learning not to short a bull market unless clear reversal signals are der! Intraday one has to be swift which am not!
Net EOD is not important or else i would have posted it.
No Twitter also..i left twitter, its chaotic.
But educational posts will be here.