Friday, May 18, 2012

Fault done by today


The following fault done by me today.

AS A day trader ,

I did not follow 15 min chart  trend line break out,

Did not waited for confirmentory candle for putting entry.

Did not follow 5 min chart 100, 200 MA in relation with price

I did not follow the pivot point and candle support resistance for buy

I did not follow 1hrs, 4 hrs MACD cross over

I did not follow when price crossed 61.8% fibbos in 5 min chart

I was position trader attitude.

I did not follow break out strategy at 4-6 pm BDT

I did not follow BB in 15 min chart though it did not crossed middle band and up trend

I have entered yet there is bullish engulfing.  i thought as down trend it will retrace 38% in 15 min chart.

yet i made small profit


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