Hello, I will log my trades in this thread.
I Will be trading pullback variations in stocks, everything will be based on Mr Grimes. He has a very nice blog, book and free trading course.
Note I am still only a learning trader and am trying to learn by trading small live instead of manual backtesting. I have basically read significant parts of above but still need to go through it again in a straight line. So, If the approach interests you, best start from resources above.
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Decent start today, Took a short in Asian Paints. This is Anti trend change pattern through High & Tight pullback ( Tight range after a large move).
Trade was against 1H trend but we also have a negative bias from Daily/Weekly and 1H upmove had already made few legs by now
Trade stalled for some time, was looking to exit by a time stop through tightening. But price broke through after this 1H consolidation. Took some off at 1X and TSL hit on rest.
Trailing here will be through '1 clean swing' approach, i will try to hold trough small consolidations and LTF pullbacks but will not give back too much once a trade has moved. In this case price snapped back and consolidated at the highs so quit above it.
Missed couple of shorts in SUNPHARMA, but was held up by Asian Paints. Slowly as i get used to it i will try to manage 2 trades at a time once open risk on 1st trade has been reduced enough.
I Will be trading pullback variations in stocks, everything will be based on Mr Grimes. He has a very nice blog, book and free trading course.
Note I am still only a learning trader and am trying to learn by trading small live instead of manual backtesting. I have basically read significant parts of above but still need to go through it again in a straight line. So, If the approach interests you, best start from resources above.
------------
Decent start today, Took a short in Asian Paints. This is Anti trend change pattern through High & Tight pullback ( Tight range after a large move).
Trade was against 1H trend but we also have a negative bias from Daily/Weekly and 1H upmove had already made few legs by now
Trade stalled for some time, was looking to exit by a time stop through tightening. But price broke through after this 1H consolidation. Took some off at 1X and TSL hit on rest.
Trailing here will be through '1 clean swing' approach, i will try to hold trough small consolidations and LTF pullbacks but will not give back too much once a trade has moved. In this case price snapped back and consolidated at the highs so quit above it.
Missed couple of shorts in SUNPHARMA, but was held up by Asian Paints. Slowly as i get used to it i will try to manage 2 trades at a time once open risk on 1st trade has been reduced enough.
Trading Pullbacks, Tradelog
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