December 12, 2017

Market outlook

Daily charts:
- trend is up on daily charts
- today NF reacted off the trendline resistance
- close was at 10240 off 0.8% in negative
- AD wsa negative
- option writing support 10000




5 min charts - a day of blunders
- market was a sell from first bar and cover at close - so easy
- in reality, I traded long within the box and got stopped out
- note market was setup for a fall based on prev day's EOD charts (hanging man)
- somehow I missed this very important signal
- then I realised that though markets broke yesterday's low, a new support had emerged
- this motivated  a long trade which obviously got stopped out

- note markets was a sell on 15 min and hourly charts (I missed this too)




No comments:

Post a Comment