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who cares about more...i got my decent share...one has too understand how to treat each situation...
yday( 27-Nov, 28-Nov was holiday ) and today's trade were most similar on every aspect.
I will show my way of capturing this fast imbalance right from opening...but most important is self faith and trust in trend.
Some of my very old noob mistake were to think about and take these type of whim trade as its in below chart.
For someone this can be negative delta divergence setting up and they take this...its nothing wrong from their perspective in accordance with thier risk profile. But now i can clearly see these as 50:50 trades from my view for me.
I have no risk setting for this except some fixed point risk unjustified for this situation.
1) First this is , its not the situation of fade either, its really fast imbalance which will tear your 10-15 point fade stop in a shot.
2) Thinking to short this is really going against trend and taking a trade not confirmed by trend.
3) Rather to risk in fade short, same amount should be put in trend with appropriate entry that comes in span of risk.
29-Nov-2012 : Similar day as 27-Nov, this was one advantage i used to take second trade, i didn't waited fot VWAP test...rather entered with favorable MA alignment with VWAP resting under max risk limit.
Momentum is so high...natural drift gives magic....don't go against Opening Bias in Opening Range.
Simple logic is if NF goes against Opening Bias in Opening Range then either its case of reversal( OpenTest Drive ) or case of neutral type development , and VWAP comes as risk measurement structure.