February 17, 2014

Intraday analysis

First bar was a doji with selling at higher levels. There was no buying in next 3-4 bars. Finally we had a sell signal (arrow). This trade however did not much and we got stopped out (2nd arrow).

Since bias was neutral, there was no reliable signal from here on. The day's trading was also small and markets were close to the overhead resistance at 6100F.

This was more a day of just sitting on the sidelines.

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