Hi Tuna,
I am watching this thread and learning from you a lot.
Got a question in mind:
3 min TF ST shows bullish signal. Why are you shorting today? Where as your strategy also suggests to buy in this case.
or please clarify if I misunderstood your strategy
It was a bullish start, and will probably end same way. I had some trades just based on my experience & intitution (I can see the Elders taking out their chappal to hit me).
The only reason I took this, I got the Selling point at my Pivot level
8170 @ Spot
if we see my first post today :
Good Morning Folks,
Money to be made on both long and short today. My levels on Spot are
Sell Zone : 8150/ 8175/ 8194
......
And apart from that.
I saw about 11 points rejection wick on the first candle
I was sure to short on the first attempt of retest ( got that on 2nd candle) and I did... one short was due, as the Primary trend (check ST Daily), we are still in the bearish zone.
And when it came back inside the BB upper band on the 4th candle, I was convinced I am winning it, else would have scratched it. It was just a waiting game for 16 points, infact it went for approx +25 points profit, but I had fixed target as it was contra.
Caution - don't try this stunt - Follow your system. But can watch this pattern I explained to develop your intuition.
There are things in the market that can not be systemized.