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30-Nov-2012 : Took two trades. There is nothing specific to first Short trade, just a momentum trade...perhaps this had advantage of overstretching of price from every scale. Though what i had expected as my target fizzle out due to vanishing momentum. This was also the reason i started thinking this day as neutral ( here i mean not exactly Neutral Type as per definition from MoM, rather a day developing symmetrically around Opening range/price with poor facilitation ) and i mentally detached from whatever was going on.
I was seeing how NF was turning up bit by bit...if i were to enter somewhere i could, but i was not in mood to react to any development. I felt myself statue.
1) Why i should enter at A ? - No concrete reason. It was just a normal creek bar in favor of larger daily upmove. Rather this development was still under VWAP, it could be short lived and restricted at VWAP.
2) Why i should/shouldn't enter at B ? - Now it was better positioned in comparison to A, completed a pullback and started heading up above VWAP. But my mind said to i might still risk against Opening bias.
What other favoring factor for A and B which i was missing that price momentum has increased little on daily basis so they could have been used for entry betting on momentum only.
3) I finally came out of statue mode near C - something echos that i am doing wrong , i am missing the trend and trade both. I just pick a reason that delta is spurting and price coming out from little consolidation and took the Long. ( a chart for 3 min FP is shown just for clear visibility of this....though i track FP on 15-min ) Definitely delta would have been building on A and B also, but being statue i was senseless for anything.
Harvest The Moon Nest The Market
Can you help answer these questions from other members on NexusFi?
Exited short. If its going against Opening Bias ( which is bullish to neutral ) then either its reversal or neutral type development. Perhaps next trade may come late.
I am thinking , was it so easy to go Long from trend perspective ?
Or was it so easy to Short from fade perspective ?
Clearly it depends upon situation, risk measurement and synchronizing with structure.
If this is neutral structure then its headed again towards high and beyond that....but i don't remember if NF moves like that....may be possible...will take Long if i get an appropriate spot.
03-Dec-2012 : Took total three trade. First short went as expected, second short i should have left but took. After second short , it threw possibility of going up, but it didn't materialize in my Long trade and turned BE.
Overall , it seems respecting demand zone pretty much and hence might turn more clear from decision perspective. There is an another four step development ( not marked in chart ) and price seems penetrating on 2nd upper SD.
I guess tomorrow a MIRZ type trade situation can arise easily.
