Forced to take intra-long

Taken to break-even free trade.

2nd Trade ...as long as support line holds, i feel expiry to be near 5908-10.

Fortunately had full day trading today. ....perhaps NF moved madly knowing i am present in 2nd half....
Second half day action was typical NF expiry type
Stop out from 2nd trade ( Long ) affirms me that its certainly going down to sub 5850 level, luckily captured some points in 3rd trade ( Short ). It was very swift and cautioning me, not to be greedy to let it leave for positional Short. It was right decision to quit taking fast profit.
Last big upleg had intuitive call but no other logic so just observed how 5900 CE moved from Rs 1 to Rs 16 in matter of 10 min , that could be a truly gamblers bet.

Friends and Enemy - Breakouts and Fakeouts

It was easy to get triangle breakout target point ( approx 5965 ) used for intra short entry point
. I quit short seeing possibility of MIRZ structure which can still pull price to 5950+ zone. But again if visualization works as shown than 2 out of 3 possibility pointing down ( from my view ). Just relaxing for next action.

Had been tracking a trend-following intraday strategy on 5-min period. Strategy was WFO on data spanning over 1-May-2010 to 15-Nov-2011, and since then under observation constantly. Last year a stagnant period from Aug-2012 to Nov-2012, followed by steady slow rise till Mid March and then regaining equity slop similar to post optimization forward test periods.

I have experienced this rectangular region type repulsion often , and it had a good potential of throwing prices back by sizable amount. Decided to carryover short over weekend.

After my entry it had bounced from 593x-40 level nearly 5 times, a novice can teach me that .....hey! why you are holding and betting against such a visible demand level ?
I could do micromanagement of this trade or simply quit with 40+ point profit on same day, but when things comes to train your mind in new dimension then often things go wild. I can easily feel that , its not easy possible to break-down 593x level from chart constraints, but at the same time discretionary stop should also be obeyed - that is passive development in repulsive rectangular region. It will cost me approx 40-50 point stop, but have to take if i need to see sub 5900 level.

Booked loss of 35 points.