Nett Result of day = -4-3-3 = -10 Pts after comm.

I have divided the post in two part 1) Basis 2) Execution.

1) A big gap up opening ( though looking like rejection at open ) placed the price back in yday Value, hence my first assessment, despite i being a breakout/continuation trader , turned towards balancing activity. I had to initiate trade near yday references, whichever comes first -either YVAH or YVAL. But also had in mind that i cant fade at sharp ticks without a bit of confirmation. So as confirmatory tool i opened the 15min FP chart alongwith 3min/15min regular chart.





2)
Just after deciding and starting the day, a breakdown entry bar appeared , it was a Short trade which in normal course i might have taken...but now it was out of decided plan. I hv marked TPO periods around 3min candles for better visual. First long( @5224) was taken after probing and retracing backup from YVAL 5220, and also on favorable E2 delta. Second long ( @ 5222 ) as an add, was in middle of F1. First delta inversion from max negative to mark-able positive in F1 gave me impression that my long is right and i decided to add. But Second delta inversion in F1 from max positive to half of max was alarming for me. I could clearly feel the twice rejection from 5226/27. But i was not totally depend on these micro development on FP....they could be easily flushed out in single volume stroke. I was using them as confirmatory tools with my structure reading. Thats why delayed the exit till a big down bar appeared in F2 with negative delta building right from opening of F2.
Price making new low was a puzzling piece at the time, i felt i scope-out Short , and perhaps Long was not timed.
And on G1 developing , with one more delta inversion inside it , it looks like now its a delta divergence E1-G1....i should make another try with 3rd long. Ah...i was caught trading against trend. Quit the 3rd long also on negative delta buildup in G2.








So what was Bottom Line :

Do not trade against trend ? No
Do not fade the Value extremes ? No

Understand how market had changed its nature from Tight balance type to Trend-trend type since fag end of last week. Yes

Took a long @ 5187.

Only spaces.

Out @ 5195.
Very vertical from bottom.

Turned nice move.
I myself could not believe bulls were so hungry

The basis.

It lured me to reconsider using footprints, since i left MD...
Though it was nice experience.

Just before leaving.

I love drawing, design and developments. Two days back @websouth posted nice charts with SMAs.
I was due to use Fat Tails OR , Volatility Bands etc after i upgraded to NT 9. So a nice looking template arose from these.

Nett result of day = +6 Pts after comm.


I really didnt managed this trade a single bit. It was very poor trade management.

Tomorrow , i am interested to see how these Rectangle, LTZ and Pullback low are going to treat prices.
Especially Rectangle is most cunning.

Ok what its done right now...based on that its putting me on hold.
I feel its in middle of forthcoming development. Anything near 5230 is cheap and 5280 seems expensive.