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PTC India 15 mins - 4 Trades of last 2 sessions.

Took me lots of time to draw all


this. Below is the detailed description.

2 sessions, 4 trades (1,2,3,4), Red line is stop loss, Green is Entry, Blue is
Target.

Trade 1. PTC is a low volume stock, in a short uptrend. After the ORB, price went
up, corrected and formed a 15 mins Doji. Price was SQUEEZING inside the Doji's
range(high and low of doji). I waited for doji to break down, retrace until
trendline so I can go long. Doji broke down, but instantly reversed, engulfed and
closed green (Breakout failure). There must be trapped Sellers, so I went long at
Point A.

Trade 2. PINBARS appeared in the morning at Open, showing price rejection from the
bottom. Entered long for positional trades. SL was 1% on Capital. In intraday
trades, I risk 0.25-0.30% on capital.

Trade 3. This was a very dumb trade, against the trend, but I took it anyway. It
offered same Risk and Reward. At Point B, there is a Hanging Man with huge volumes.
I waited for breach of its Low at Point C, and entered Short at D.

Trade 4. I went Long again, 1 Tick above the Day high with limit SL order in candle
at (Point E). You can see it has no stop loss as the purpose was to add more
Quantities to morning's Positional trade.

But after rechecking multiple Big Timeframes, I booked this Trade 4 at 97.50 (Point
F) in confusion (since there was too much resistance up ahead. I guess, this is
what Analysis Paralysis means.

Also, I booked 50% of positional quantities of Trade 2 at (Point G) and carrying


remaining for tomorrow. Actually, we suck at swing trading, but TFS is helping us
learning something with every passing day :)

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