September 11, 2018

Market outlook

Daily charts:
- today markets closed 1.3% in negative at 11287
- this makes trend down on daily charts
- buy was around 10600 in April 2017
- AD was less than 1:3 (not bad at all)
- option writing resistance 11800
- put writing support is not giving any picture (or maybe I cannot understand)

- expecting limited downsides to say 11150-11200 levels




Same chart with kplswing indicator



5 min charts:
- break of range was short signal
- I missed the trade by a good 30-40 points
- then waited for a blue bar to form (for some SL to develop)
- this did not happen
- broke one old rule of mine... if trend is correct, take a position of at least 1 lot (if not 4 or 10). And then add more and more.



15 min charts:
- trend is down
- keep tight SL (say 5 bars high)



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