“Some move today in Indian Indices”
#pixarts.trade
“Could not capitalize much as system trailing stop loss got triggered, next time better to trail manually- a valuable lesson learned.”
Shillong:: Market opened Gap up, and moved down slowly for gap fill and consolidated.
As absorption was observed and we were monitoring the following conditions:
- After a trend market had settled in a range – market fall from High after gap up opening to a zone
- Overlapping was observed with High Volume – Sign of Absorption ( Volume low means sign of consolidation which not good for Break out trading- as it will lead to Volatility)
- From that Overlapping candle Delta was Positive therefore expecting range break out in positive side.
My Positions
The Trades
The following were the orders placed:
P&L
Could not capitalize much as system trailing stop loss got triggered, next time better to trail manually- a valuable lesson learned.