March 25, 2015

NIFTY futures intraday charts

- first box set the initial range break below which was sell signal
- I did not trade short considering presence of strong supports nearby
- traded long at first arrow.. this was actually a wrong trade as there was no indication to go long
- covered long at a minor loss in next 4-5 bars
- horizontal lines denote trailing SL for short trade.
- trailing SL hit for short trade giving no profit no loss
- did not consider long trade at second arrow as close of breakout bar was not near high
- even if you had considered a long trade here, you would have been stopped immediately


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