March 29, 2016

Market outlook + my trades

Daily charts
- trend is up on daily charts
- high chances of trend reversal
- immediate support 7550-7400 spot
- expecting 3rd leg of triangle to open down
- triangle view implies 6800 will not break





Hourly charts
- trend is down on hourly charts
- next support 7400



5 min charts
- shorted on breakout failure from range (arrow)
- made a serious calculation error in the bracker order entry (trailing SL).
- what shd have been a profit of 27K resulted in a loss of 2K.
- by the time I realised the mistake, markets were halfway down the range.


My trades


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