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Took two trades Short and Long. Due to opening bias broken and opening in old value i do not wanted to take anything with in value. But felt eager to trade and took poor Short in intrabar at Trap Bar marked, corrected that and reversed for Long.
Short was clear mistake as
1) Demand Zone holding.
2) Price holding above VWAP.
I was in constant fear of failure from extremes, so was in hurry to take positions as soon as possible within balance.
Though Long spurted good.
Harvest The Moon Nest The Market
Can you help answer these questions from other members on NexusFi?
There is basic difference in first Short trade and second Short trade.Invalid reason for first Short which were invalid for second also, but they had different risk-reward-probability equation that make failure of first but success for second.
I was rather worried in second Long trade, cause it was near the location where i had already exited first Long. It was little tough psychological decision but i left it on "trend". It didn't materialize and turned like failure that gave confidence to take Short without delay.
Best trade ( i am seeing this after EOD ) of day had developed in noon after major demand level re-test.
From channels, 6025 and 6125 might be level to test this week in event of FDI voting.
I was little confuse and impatience so far. Took Long and lost and then Short for BE.
Staying away for much more time let it go any way...im observer for time being.