Positional: Mkt is giving good signals on weekly charts for a Positional Short. Though I don't take positions for weeks & only swing trade for few days, but this one seems Interesting..
1) A Close above UBB, then a Tag & finally an FTC of UBB showing trend has got weak. BB arre converging suggesting low volatility, which will attract high volatility (sharp move). Bottoms are sharp as per previous experience, so planning to take profit at LBB/ any good Support.
2) RSI is showing Bearish Divergence. People will short & take positions for months.
3) Break below Major Swing with Flat mid BB will be a signal to Short..
4) SL will be high of FTC i.e. current candle, so R:R is also fine.
Lets see & wait for right entry-
20140114153334.png)
Intraday: Today took too many trades..
1) Long on the BOF on Initial Range Low with mid BB in uptrend. Mkt took my SL
2) Short on the Break of same Range Low & Close below LBB. Took 10 pts
3) Again a Short on Pullback on Range Low & a Tag on Flat UBB with Reverse Hammer. Again quick 10 pts
4) A Short on the break of Previous Swing Low after Pullback with a Close. mid BB was also favouring, but i has a little dubious because this was 3rd push to the downside. Gave my SL
5) The last Short of the Day as a BOF of same Range low with 10 pts which saved my day. Clsoed after Hammer at Day's Low/ previous swing..
Close for the day !!
20140114154211.png)
Too much write up for today !! ;)
1) A Close above UBB, then a Tag & finally an FTC of UBB showing trend has got weak. BB arre converging suggesting low volatility, which will attract high volatility (sharp move). Bottoms are sharp as per previous experience, so planning to take profit at LBB/ any good Support.
2) RSI is showing Bearish Divergence. People will short & take positions for months.
3) Break below Major Swing with Flat mid BB will be a signal to Short..
4) SL will be high of FTC i.e. current candle, so R:R is also fine.
Lets see & wait for right entry-
20140114153334.png)
Intraday: Today took too many trades..
1) Long on the BOF on Initial Range Low with mid BB in uptrend. Mkt took my SL
2) Short on the Break of same Range Low & Close below LBB. Took 10 pts
3) Again a Short on Pullback on Range Low & a Tag on Flat UBB with Reverse Hammer. Again quick 10 pts
4) A Short on the break of Previous Swing Low after Pullback with a Close. mid BB was also favouring, but i has a little dubious because this was 3rd push to the downside. Gave my SL
5) The last Short of the Day as a BOF of same Range low with 10 pts which saved my day. Clsoed after Hammer at Day's Low/ previous swing..
Close for the day !!
20140114154211.png)
Too much write up for today !! ;)
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