September 5, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets traded in a range and closed 0.4% in positive
- AD was 2:1
- "inside bar" formed ... one can ignore this
- swing low support 9700




5 min charts
- rangebound market
- managed 3 trades
- 1 long (loss), 1 short (good profit) ... taken within rectangle
- and 1 more short (loss) ... taken around 1.30pm
- day could have been better as long trade was not necessary
- and second trade was avoidable.


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