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17-Dec-2012 : No trade taken, infact went out early on lackluster trading prices.
18-Dec-2012 : As usual presuming morning session would be dull, so didn't bothered to login, but when i started i came to know from chart that some news might had hit, soon i got its due to RBI policy. I thought that dust is settled and this is ready for some retrace of retrace that might give me my 20 odd points objective. I had presumed that downtrend will resume. Truly, it was not blind presumption but i entered with my regular tactics.
What happened to short is visible on chart, i was lucky to got stop out, it jumped over after that.
One big Creek Bar turned complete scenario from bearish to bullish for time being - How, what , why were not the question at that time. Only urgency would have been make prepare the mind for this toppling of scenario.
I picked the two reason to ran away from session -
1) I am unable to turn for time being.
2) My time is getting over and i have to go office.
Harvest The Moon Nest The Market
Can you help answer these questions from other members on NexusFi?
Ok, this is again very familiar, MIRZ and its success and failure are my premise. Opening bias is Neutral to Bearish from my view. I will look in both opportunities Long and Short. At this stage i cant relatively over weight one above other - cause yday lesson re-enforce that - "any thing can happen".
I was open for Long and Short both, but took what the movement threw the picture at the time. First short didn't go fast, but i had no option to hold it till stop. Fortunately my stop saved by 1 point. Unusual extended time in first short trimmed my expectations from the day and also target expectations ( which was pegged at larger MA on 15-min , pullback point ).
Then came the more pronounced situation of MIRZ failure, i rarely Add - i don't know how i get courage for this at the moment. I thought this time it will get fast down but little stalling in between again alerted me to exit at pullback point. This would have been the point of Long trade if this would have happened earlier.
After completing approx 85% of ADR[5]...its open for time consumption and making nonsense of all sort but trendiness still persist...trying another Short.
I am surprised most recent all my trades in last 2-3 days are Short in this Long biased undercurrent. Guess i am not biased for short but its more due to bearish moves in my time.