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T For Trading

  #161 (permalink)
 
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 devdas 
Al,India
 
Experience: Advanced
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will quit it , if it retrace back to 38...otherwise at targets.

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  #162 (permalink)
 
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 devdas 
Al,India
 
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exited @ 5254

Some thing might be changing....penetration through LTZ is pointer.

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  #163 (permalink)
 
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 devdas 
Al,India
 
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just before leaving.

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  #164 (permalink)
 
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 devdas 
Al,India
 
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Nett result of day = +11+14 = +25 Pts after comm.


Only unusual action in this day happened , prices went past friday's LTZ and didn't sustained above that.
Why i emphasize much on such LTZ ? They are simply a form of Imbalance , not only on profile structure term but also from Supply-Demand perspective. My first assessment goes on penetration of these LTZ and subsequent time consumption near these zone - original implication of this zone is changing from one side to other. What was original implication of this zone in current context ? - Bears were successful in maintaining the price below this line in end of auction on Friday. Validity of this was rejection of "A" period high today. Revisit and penetration of this LTZ again in "G" was an attempt, which was a bullish action by any means at the time. But that unusual happened after that and it resumed down move from their. Np we have to accept every move market make as right.

Despite local bearishness , second trade i took was long, infact it was my best architect-ed trade based on what was happening at the time. I cant write/document every feeling behind that, im simply lazy to do that.

Market gave better trade opportunities today. It was more vertical movements than horizontal tight balance type.
Trend-trend...rather breakout-trend.








Below is daily chart...candles definitely now panning out good for bulls.



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  #165 (permalink)
 
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 devdas 
Al,India
 
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Took a long around 5224.

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  #166 (permalink)
 
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 devdas 
Al,India
 
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Added one more @ 5223.

Getting away within defined risk limit.

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  #167 (permalink)
 
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 devdas 
Al,India
 
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Out both @ 5222.

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  #168 (permalink)
 
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 devdas 
Al,India
 
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Not biased for long...but something i want to have with in my reach. @5216

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  #169 (permalink)
 
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 devdas 
Al,India
 
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Out @ 5215...cant pray structure to turn my way

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  #170 (permalink)
 
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 devdas 
Al,India
 
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Tagging this delta divergence for my third long...just before leaving.

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