16th February, 2024 – The Trades
Journal , Trading Life , Trading Mistakes
“as it showed some strength at the bottom, taken intraday trade, with 1 : 1.25 risk to reward ratio”…[..]
:: Trade Analysis
First Trade :: Sensex opened gap up, and hourly chart show positive price action. Accordingly I waited for correction with 5-mins charts. As sensex corrected and as it showed some strength at the bottom, taken intraday trade, with 1 : 1.25 risk to reward ratio, but a hedged trade anticipating the market to pick up from the dip.
2nd Trade :: Finnifty I had been following since morning with 15-mins candle. It opened gap-up, and since on the bigger time-frame it is bullish, I waited till a butterfly doji formed on the 15-mins time frame at the bottom. A normal trade was initiated anticipating upward movement.
:: Risk to Reward Graph
:: Live Positions
:: The live positions of the trade, so far the trade was running as planned.