First signal was a buy around 10.25 when markets formed a big bar and closed above day's high (first arrow).
This did not generate much profits and the trade got stopped out on trailing stoploss.
The buy did not get converted to sell as the bias was up. Later on, markets traded in a range throughout the day... the box area was where one could have considered shorts (look at upper tails).
The better trade (safer but with lesser profits) was the short trade (second arrow). I did not trade this as I was unwell and I had already logged off by 2pm.
Note that this is the first time we are seeing a faster reversal of previous trend so it is possible that markets may turn down. This is not supported by VIX though....let's see.
This is the bigger picture on intraday 15 min charts...
This did not generate much profits and the trade got stopped out on trailing stoploss.
The buy did not get converted to sell as the bias was up. Later on, markets traded in a range throughout the day... the box area was where one could have considered shorts (look at upper tails).
The better trade (safer but with lesser profits) was the short trade (second arrow). I did not trade this as I was unwell and I had already logged off by 2pm.
Note that this is the first time we are seeing a faster reversal of previous trend so it is possible that markets may turn down. This is not supported by VIX though....let's see.
This is the bigger picture on intraday 15 min charts...
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