Positional: A Hanging man is formed in monthly chart. So for long term, this month closing should be above 6370.
Hourly chart preparing for a divergence so Looking to go Short positional tomorrow or day after at right price. TGT is 6000 as its a good base for Bulls now.
Intraday: Many signals were generated today. took the below trades -
1) Long on the Hammer after pullback on mid BB and yesterday's high. Closed when mkt became ranging.
2) Long again on reversal signal on BB. The market was bullish, so it was a high probability trade with TGT as upper BB/ Day's Hi.
3) Long again on the Hammer at lower BB. This ended up with my SL.
4) Final Long trade on the big hammer at Lower BB. Waited too long to get 10 pts.
20131202174237.png)
Hourly chart preparing for a divergence so Looking to go Short positional tomorrow or day after at right price. TGT is 6000 as its a good base for Bulls now.
Intraday: Many signals were generated today. took the below trades -
1) Long on the Hammer after pullback on mid BB and yesterday's high. Closed when mkt became ranging.
2) Long again on reversal signal on BB. The market was bullish, so it was a high probability trade with TGT as upper BB/ Day's Hi.
3) Long again on the Hammer at lower BB. This ended up with my SL.
4) Final Long trade on the big hammer at Lower BB. Waited too long to get 10 pts.
20131202174237.png)
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