4th July 2024 - Thursday

Whole day of consolidation on 3rd July. The CPR was also narrow but the market didnt move. There is a possibility of it moving in some direction tomorrow.

The market still looks bullish, so initial bias will be to look for long trades.

Rest depends on price action.

I have left trading options, I am trading the charts - Nifty future charts.

1:1 - move stop loss to breakeven and 1:2 - take profit.

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Trading day -

It was a good trading day. The profit taking strategy worked.

The only thing which needs changing is to continuously moving SLs. 

SLs should be moved once - when we are 1:1 on Risk Reward - thats why SL moves to breakeven and thats it.

Otherwise, took 3 trades - 2 successful and 1 hit SL.

First time in 3 weeks that i am in Green on Expiry.

Made Money