SEE HOW I TRADED TODAY & WILL TRADE 16-4-20 IN BNF

15 apr 2020

YESTERDAY I TOLD YOU THAT LONG IS MY BIASED SO DAY BEORE YESTER DAY I CARRIED LONG . WHEN MARKET OPENED GAP UP ALMOST 600 PTS I BOOKED MY POSITION. THOUGH MY TARGET WAS RED BOX GIVEN FEW DAYS BACK. MY FIRST RULE IS WHEN YOU GET SUFFICENT PTS IN GAP UP OPENING BOOK IT IMMIDIATELY. NEVER THINK OF TARGET. PR IN HANDS IS GOOD RATHER THAN IN BOOKS.
NOW SEE GREEN COLOR SMALL BOX WHERE PRICE SPEND THREE HRS AND UNABLE TO BREACH THIS BOX TOUGH HAVING GOOS BUYING PRESSURE IN FIRST CANDLE .THAT MADE ME SURE PRICE WILL NOT MOVE UP. BECAUSE MARKET MISSED TWO CHANCES OF GOING UP.
ONE DAY BEFORE YESTERDAY AND TODAY IN THREE HRS.IT MEANS STRUCTURE IS GOING TO CHANGE. IT IS THE RULE WHEN PRICES GETS TWO CHANCE TO ACHIEVE TARGET IN ANY SIDE AND DO NOT ACHIEVE THEN ALWAYS MOVE OPPOSITE DIRECTION. WHEN IT BREACHED MY GREEN BOX, TOOK SELL POSITION. THIS IS HOW I TRADED TODAY. PL TRY TO SEE HOW I SWICHED MY SENTIMENTS WITH THE LANGAUAGE OF MARKET THOUGH I HAVE BEEN SAYING LONG FOR LAST THREE DAYS. NOW HOW WILL I TRADE TOMMOROW. SEE AS SAID STRUCTURE OF MARKET IS CHANGED TILL MORNING IT WAS EXPECTED TO MOVE IN UP WARD CHANNEL SHOWN IN FIG NOW TRADING IN HORIZONTAL CHANNEL. THE WHITE COLOR BOX I MADE FEW DAYS BACK IS MY TARGET. PRICE CAN MOVE IN TWO WAYS ALREADY SHOWN IN WHITE COLOR DOTTED ARRROW .BELOW WHITE BOX IS RED ZONE THAT IS NO TRADING ZONE. WHERE PRICE CAN GO EITHER SIDES. SO ON BREAKING IN ANY DIRECTION I WILL TRADE SAME. REMENBER MY BIASED FOR TOMMOROW IS SHORT BUT ACHIEVING MY TARGET CAN CHANGE TO LONG.DEPENDING UPON CIRCUMSTANCES. DO NOT MAKE TRADING COMPLEX ,IT IS SIMPLE YOU JUST WATCH MY FIG CAREULLY WITH MY EXPLANATION. I ALWAYS TRY TO WRITE IN SIMPLE WAY.