May 22, 2015

NIFTY intraday futures chart

- did not trade as I was out of market whole day
- there were 2 buy signals today
- first on breakout above small inner box (if you are following only today's chart)
- second on breakout above bigger box (if you following historical intraday charts as well)
- long trade got stopped on break of 8460 F
- the first (early) long trade was slightly profitable
- the second (late) long trade was in loss
- candlesticks would have warned of break of 8460F if one studies patterns
- finer entry/ exit is possible on 1 min or 3 min chart at cost of more trades/ whipsaws

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