February 14, 2014

Intraday analysis

Initial bias was for a short signal (first arrow) but this could be skipped as previous day's low was nearby.

The second arrow was actually a tradable / safe buy signal but this did not move well. This was the only trade I took today and was mildly profitable.

There was another short signal (2 actually) but this depends on your bias/ strategy and is optional to take as markets were in a range with target close to day's low.

Post 2 pm, there was a buy signal which could have been captured if one was alert to the buying emerging on break of day's low. This signal in hindsight was nicely profitable but in reality difficult to initiate considering that day's high (probable target) is very close.

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