August 16, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.4% in negative at 11385
- trading range was within prev day's range
- AD was 7:12 (not bad)
- option writing support 11000





5 min charts:
- did not trade today as low confidence in signals
- arrows shown are for hypothetical trades
- first arrow is buy arrow - breakout from range
- but this hits resistance immediately so cannot consider long trade
- break of trailing SL is short trade with target near day's low
- this was the only good trade



Same chart with kplswing indicator.. almost similar results.
- long trade SL hit
- short trade profitable



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