Tuesday, September 12, 2017

Terrible Whipsaws - Day Trading - NIFTY, CRUDEOIL

Followed all my rules, but today was a bad day in Crude Oil. I had modified my rules to take any trade setup open at 8 PM, unless it got cancelled. Hence the last entry was well after 8 PM.

NIFTY

Got hit the first couple of times. The third trade worked, but not before a long consolidation that tested my patience.

NIFTY M3 Price Action Chart
NIFTY M3 Price Action Chart


CRUDEOIL


5 consecutive whipsaws....

CRUDEOIL M5 Price Action Chart
CRUDEOIL M5 Price Action Chart



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