March 10, 2016

Market outlook + my trades

Daily charts
- trend is up on daily charts
- immediate support 7400
- strong resistance in region of 7500-7600
- option writing support 7200 resistance 7500



Hourly charts
- trend is up on hourly charts
- reversal level 7400



5 min charts
- first bar was indicative of something wrong in market
- shorted near first arrow; covered around 2nd arrow
- loss making trade was second short trade which got messed up


My trades


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