March 9, 2015

NIFTY intraday charts spot

- clear short trade as markets break Thursday intraday swing low in first 5-10 min
- whipsaw for long trade in green box - prior trend resumes thereafter
- overall clear down day

Ironically I actually lost 10-11 points today. The reason was while the short entry was perfect, the trailing stoploss got hit as markets became very rangebound with the result I was out of short trade by 12.30... the correction resumed after 1pm but I failed to trade this. 

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