Took 2 trades today. 1st in BNF and the 2nd in NF.
BNF: After opening the PA could not hold the PDH at all and was immediately pushed back below the PDH and also broke the DO(Day Open). Took a short trade at the pullback when it did not even manage to retest the PDH level. The initial SL was at the correct place, however the trailing SL got hit and later the trade went our way and I missed the move. Volatility will shake you out and then move in ones favor. Its very frustrating but that's how the markets move!
NF: The trade in NF was a profitable one and could mange to overcome the loss in the BNF trade. After a choppy start it did not give any indication of its move on any side. However, the PDH and the BRN of 11900 was on watch. After repeated attempts at breaking the PDH I could see 2 things, firstly, it was not sustaining for long below PDH and secondly, it could not test the BRN level of 11900 after repeated attempts on the downside. This made me take the reverse trade when it broke the PDH after a pullback with a small SL. The target was the test of DH. It did test the DH but it was with a single spike which prompted me to exit at 2 points. The first exit was at 1 R:R and the second was near the DH. Both the targets were met!
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