* Exited the long position taken at around 11100
* No new trades taken at this point of time.
Trade taken in the breakout of first box (roughly 50 points). I waited for price to go twice the size of the box. Once it went i placed stop loss at the low of box size that is equal to my entry price almost.
Then waited for price to move twice the size of second box. It happened and i shifted my stop loss to low of second box.
But i was not comfortable to hold on to this trade as weekly resistance is at around 11100-11200 range.Once 11200 is crossed i may want to go long again. Considering a good risk to reward which i achieved i exited.
* No new trades taken at this point of time.
Trade taken in the breakout of first box (roughly 50 points). I waited for price to go twice the size of the box. Once it went i placed stop loss at the low of box size that is equal to my entry price almost.
Then waited for price to move twice the size of second box. It happened and i shifted my stop loss to low of second box.
But i was not comfortable to hold on to this trade as weekly resistance is at around 11100-11200 range.Once 11200 is crossed i may want to go long again. Considering a good risk to reward which i achieved i exited.
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