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I am writing today's trade in some self explanatory points.
1) Yesterday was overdone with Shorts.
2) Yesterday last hour single print spikes were due to acceptability of Value which in these situations often fails.
3) Today's Higher Opening Trade proves that its not perceiving lower value for time being, supporting point 2.
4) Prices looks like due for pullback towards larger MA on 15-min.
5) Short entries in ellipse E1 discarded cause of above points.
6) Similar structured long entry taken for test of larger MA.
7) Simultaneously prices were spending time with more than two TPO in yday value.
8) Point 8 indicates even higher target up to yday POC or next yday VAH.
9) Structure wise stop moved above.
10) Apart from reversing structure ellipse E2 shew some hectic fast activity on FP.
11) Trade could be exited in E2 itself without loosing even brokerage...or even before with regular profit.
12) But if exit would have been earlier than these in-position psychological experience would not have been in place.
13) Trade was really hold for atleast targetting yday POC near 5156, which could have come in E or G but market has to do this in its own way. Happened in K.
14) Now day developed as Neutral Center day.
This situation put me on the hold.
First im not a good fader....i never fit with max risk to fade bottom...so cant fade FP div bottom.
Second Creek Jump entry would already eat good chunk of counter trend.
Third , i will risk VWAP sellers...but when i see day's range is already near ADR, then i cant sell at VWAP.
One of my developing GSS stat throw possibility of more day's High or more day's Low.
On such bearish day it naturally inclined me to think of more day's Low ..