October 13, 2015

NIFTY futures intraday charts

- initial bias was bearish
- I was short on first arrow of the day
- reason: no follow thru buying and close to SL
- next short was at the 2nd arrow
- note SL for both is around day's high
- 3rd short would be common for most traders (break of day's range)
- this was safest short trade but gave minimal profits as trailing SL got hit soon.

It is normal to have a textbook perfect entry but thereafter get no profits if markets do not move much after the entry. Focus on any trading should be on being consistent and having the plan. Markets will eventually give money.

On hourly charts, we are close to reversal.

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