October 10, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today markets closed 0.7% in negative at 11234
- AD was 1:2

3 min charts:
- today I did not trade
- as initial range was small and
- later there was some work going on in the house

- so these are "hindsight" trades based on concept of support and resistance
- notice opening support and resistance was set up first hour low and high
- the high was 11300 F which is a round number
- all subsequent trading opportunities are based on buying near support and selling near resistance
- these have been marked for reference

- note for trades like this, it is better one enters SL at time of taking trade
- one also should be a fast trader.

- decision levels for tomorrow are 11220 and 11310 F
- I am ignoring 11300 as it is anyway very close to resistance

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