Today whole day , we traded in a very narrow range .
Moving averages were telling one story and EW was telling another .
different methods were not complimenting but contradicting each other so stayed away and was just watching the screen and where prices are going ..
There was this point for short trade when nifty touched day high was not able to sustain , unfortunately it came during my break from terminal between 12:45 to 1:15 .
Did take a short trade and made some tiny points , which did not stay with me for long as I shorted again when it broke the low and came out with a min loss as it broke the channel I drew touching the highs today.
Tomorow is a holiday for me , see you all on Friday.
Moving averages were telling one story and EW was telling another .
different methods were not complimenting but contradicting each other so stayed away and was just watching the screen and where prices are going ..
There was this point for short trade when nifty touched day high was not able to sustain , unfortunately it came during my break from terminal between 12:45 to 1:15 .
Did take a short trade and made some tiny points , which did not stay with me for long as I shorted again when it broke the low and came out with a min loss as it broke the channel I drew touching the highs today.
Tomorow is a holiday for me , see you all on Friday.
2 comments:
"There was this point for short trade when nifty touched day high was not able to sustain"
This is what is called trading. You dont need any indicators to do this.
All the best
ST
Thanks ST , For your encouraging words !
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