3rd July, 2013

1. Z5 o/r 9854.0 level was holding really well. Once that level broke, I took short. But market didn’t break down, instead retracing a couple of ticks.After seeing this happen twice, I finally scratched my position. But after some 1 hr (also on back of ADP, IJC), lower level got broken and the trade gave 7-8 ticks.
Note: I need to plan such trades better. Often the market does not gather breakout momentum immediately, and stops me out OR makes me give up my position, before taking that direction. I should figure out execution of such trades,
– try and distribute my intended lots, some immediately, and some to add if market temporarily retraces.