Manoj's Trading Diary

[manojborle]

Looks like BOF below yesterday close and initial range.

So indeed it was breakout failure and resulted into fast move. :clap::clap:

 

[amitrandive]

So indeed it was breakout failure and resulted into fast move. :clap::clap:

Thanks Manoj

For taking the time and posting your trades and charts.
:clap::clap::clap:

 

[suri112000]

Manoj bhai,

Excellent trade in DLF. Congrats.:clap:

 

[manojborle]

MODEL TRADE:

 

[manojborle]

Is it a classic Bull Spike and Channel Trade in progress ?

 

[manojborle]

Wedge bottom Pattern with a higher low is formed.

 

[manojborle]

Wedge bottom Pattern with a higher low is formed.

Update:

Mistake:
I was biased and was very bullish so entered very early @ 8115 and then waited for whole day to exit and finally exited @ 8131.

I was able to spot the pattern, however I was already in trade and used all my capital, otherwise would have entered below 8100 after there was break above the wedge bottom.


However ended the day in Green

 

[manojborle]

 

[XRAY27]

Is it a classic Bull Spike and Channel Trade in progress ?

Dear manoj bhai

Don't think otherwise can you explain me This spike and channel trade

iam just puting my observation .......

for me it is STIRR UP PATTERN on that day

 

[manojborle]

Dear manoj bhai

Don't think otherwise can you explain me This spike and channel trade

iam just puting my observation .......

for me it is STIRR UP PATTERN on that day

Al Brooks has described the pattern as Spike and Channel Trend.
I thought it looked liked it, I am not experienced enough though may be Expert Al Brooks followers can throw some light here.