Having a long @5360.

Getting away with stop 5355.
I expect a target of 5385 approx.

Cant hold more scratched @ 5360.

Took a short @ 5360.

Out @ 5353

Nett result of day = -2+5 = +3 Pts after comm.


It was easy assessment at the time of my start that stopping point S has formed yday and A, B , C have possible nodes of this development. It was just above MA after point C and possible 2nd SD corresponding to A ( it is more art than science which tells A was lower 2nd SD ) comes nearly 5387 (roughly estimated as 5385 ). So was the basis and targets for first long. But what i was expecting from CD leg happened in EF....np market do everything in its own way. Too much holding period ( approx 50 min ) made me irritated and scratched the long. Second short trade was taken for obvious target of 5343 approx, but NF just started reversing delta in between , so had to quit at 5353.

Once again near excess, but with seemingly different energy - In July it was old and matured and in August its fresh.
Does not sounds - Dont Short Me ?

Just watching. Seems some news @ 11 AM....increased the bar ranges and overlap significantly on 3-min.
Though hindsight bias seems down and some hindsight short entries were also present before this start, but what i dont like is bar ranges on 3-min ( 5.44 ) and overlap ( 3.44 ) and bar ranges on 15-min ( 11.4 ). This situation is like taking a trade on 3-min with risk equivalent to 15-min chart.
Purely on 15 min i can capture better trade with risk compromise.

Took a long @ 5368

I feel bears wasted chances to take down for time being.