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It was a roller coaster day for SIMSCI. Afternoon session opened with a spike after Nikkei futures gained around 200 points. However, the upward running was not sustainable. Afternoon session did not provide opportunity for short entry for day trading as well. The selling in the afternoon session was supported by volume, which eventually gave back all the gain in the earlier session.
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Exhaustion at 292.5 followed by heavy selldown. could have filled ur short at 291.8? Missed trade? volume was esp strong during the selldown, any indicatives?
Exhaustion at 292.5 followed by heavy selldown. could have filled ur short at 291.8? Missed trade? volume was esp strong during the selldown, any indicatives?
That was not a missed trade. I did not have opportunity to establish short position. Look at the chart retrospectively, SIMSCI had been drifting down continuously without a pause. No entry point for me.
That was not a missed trade. I did not have opportunity to establish short position. Look at the chart retrospectively, SIMSCI had been drifting down continuously without a pause. No entry point for me.
I tot there was? u are doin realtime right? sorry still din catch ur entry and exit rules but there was a buy up session up to 292.5 before a selldown occurs, it might occur to you that it was also on a lower volume when price started to appreciate before the selldown occurs.
I tot there was? u are doin realtime right? sorry still din catch ur entry and exit rules but there was a buy up session up to 292.5 before a selldown occurs, it might occur to you that it was also on a lower volume when price started to appreciate before the selldown occurs.
I use 10-min chart. Generally speaking, I would wait for the price to pause and a trend is established before I put in a trade. A pause means forming a lower high or higher lows etc for example. I like to see market taking a breath before continue to move in the direction of established trend. Real time doesn’t mean put in a trade while price is still forming. I would wait for price entry rule to be completed (be it close higher than previous high, or two up closes, or pattern completion etc) before put in a trade.
I use 10-min chart. Generally speaking, I would wait for the price to pause and a trend is established before I put in a trade. A pause means forming a lower high or higher lows etc for example. I like to see market taking a breath before continue to move in the direction of established trend. Real time doesn’t mean put in a trade while price is still forming. I would wait for price entry rule to be completed (be it close higher than previous high, or two up closes, or pattern completion etc) before put in a trade.