Hi Abhi,
You have the knack...for coming out with the right questions.....
Reasons are a couple......& the most important of the two are:
a) When you start showing the ropes of a new strategy......it is always better to stick to the Longs in the strategy... (This is my personal opinion)
b) Most traders..even very good ones are not so comfortable with Shorts...& the ones who are equally comfortable going Short & Long.... make for only about 5-10% of the Crme Dela Crme
Now as per the chart:
Wouldn't recommend a short when you have only about 90 minutes left to close of the market...if you remember a little before that I said..No More Trades.... because I was quite aware that the market will give up some of the points....
The first arrow I simply missed for some reason.....No excuse...but it is a very valid trade point.....
SG
You have the knack...for coming out with the right questions.....
Reasons are a couple......& the most important of the two are:
a) When you start showing the ropes of a new strategy......it is always better to stick to the Longs in the strategy... (This is my personal opinion)
b) Most traders..even very good ones are not so comfortable with Shorts...& the ones who are equally comfortable going Short & Long.... make for only about 5-10% of the Crme Dela Crme
Now as per the chart:
Wouldn't recommend a short when you have only about 90 minutes left to close of the market...if you remember a little before that I said..No More Trades.... because I was quite aware that the market will give up some of the points....
The first arrow I simply missed for some reason.....No excuse...but it is a very valid trade point.....
SG
Thanks SG. (For some strange reason, I cannot find the Thanks button on the post)