October 17, 2018

Intraday update/ strategy

- markets open gapup
- but first bar closes near low meaning selling at higher levels
- so until the high of first bar is taken out, no point in going long
- if one is long from yesterday, then trailing SL is 5 or 10 bar low
- both these go hit today

- now cannot go long, till 20 bar swing indicator gives a buy
- even then, this can whipsaw

- option data shows increasing OI at 10700 CE

5 bar SL hit ... the 10 bar got hit at the previous big red bar

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