Day 33: Good day but did not turn out good for me today. Algo gave me entry in the morning, turned out profitable, but subsequent two entries took away all the profit. Overall a negative with minor loss.
Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today.
Learning/ to ponder: When...
DLCC is giving a nice breakout. Supporting factors for analysis
1) Market Structure Break
2) Breakout - Consolidation - Breakout
3) Pole and Flag Formation
4) Volume Breakout
I analyze chart patterns, price-volume analysis, along with volume profile and avwap. Also check the momentum in daily and weekly charts. Finally make a risk-reward trade setup.
