May 30, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.2% in negative at 10614
- AD was 7:10
- option writing support 10500





5 min charts:
- day of mistakes/ bad trades
- shorted on 2nd bar; covered in loss
- failed to realise that 4th bar showed massive buying and I could have got a graceful exit
- took long trade at 2nd arrow (late entry)... correct time was just after 11 am
- exited around 10620 F... missed the best exit at 10640 F
- did nothing thereafter


Same chart with kplswing indicator


15 min chart:
- whipsaw situation here
- note how 10650 F provided resistance today


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