Tuna's Crude Recordbook

[Tuna]

Just about to close and saw this algos in action , SL 3055


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[Tuna]

If it goes below 3020 rapid up for big downslide


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[Tuna]

Nah not looking good, Could be BPB - Break Out - Pullback- Breakout. Bears you got be fast here . Kill it


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[Tuna]

Market order at Buy side @ 3060 above SL 3055 to reverse , just in case


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[Tuna]

SL Hit, -10 point loss. Cancelled the buy order as well. Well Now I am done. Thought will go to bed without a loss or scratch, but did not happen. It was an aggresive entry, but ok.

 

[Tuna]

3 Trades today all win = +23, +20 and +29
1 Loss = -10 (or scratch, lets be generous to accept it was loss)

Set Counter:

Profitable Trades (> 15) = 15
Losing Trade (> -10) = 5
Scratch ( 10 to - 10) = 12

 

[Tuna]

Anyone who read my HFT Contra setup, can you tell me where I went wrong.

The setup

Ok guys, let me bring my 'Mr Know All' hat (I know I might sound like a pro here, at end of day I am still a novice in this game). Long post, read with patience.

HFT = High Frequency Trading, all of us, who are not new to this game know this demon. These are the algos (mostly) ....

 

[kuldeep72]

Anyone who read my HFT Contra setup, can you tell me where I went wrong.

The setup

If I have correctly understood this HFT contra setup, I think the day high (resistance zone ) was broken comfortably, and on hourly time frame, resistance was (is) @ 3065 - 67 level. Hence entry was bit earlier than expected.

 

[Tuna]

Bingo, candle closed above last DH zone comfortably and did not pullback on same or next candle. It was against the entry rule. I guess too many profits in Nifty and later on crude made me over confident. The greatest sin of a trader. Market does not like this attitude, and slap me tight to tell me - Go back and do your homework.

Market is always Right . There is no slightest allowance for mistakes. Dont know when I will learn it


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[Tuna]

Anyways Good Night Bros . See you all in the arena 2moro


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