Trading

An interesting day, markets gapped down 1%, tested the S1 support, then inched back to the CPR, showing some resistance, only to find the markets close above the CPR and end higher. And we conclude...

Today was range bound, follow through did not take place, as expected even though there was a gap up to be filled. Could we see that happen tomorrow? Stay tuned…

Today was a great day, but we were on the sidelines! That was painful, nevertheless we cannot blame the market, but only take responsibility for NOT taking action.

Today was a mostly sideways day, even though we had a tight CPR. Tomorrow is going to be even more exciting. And our strategy worked, so let’s find out how our hassle free day went.

Thank God It’s Friday (TGIF) trade could have been a big winner, given the markets had move to both extremes by about 800 points. Ah well, we still end the day with a small profit!

Expiry week, with a good amount of volatility. Up 1% then down towards the end of the day by 0.50% - plenty of action, plenty of swings for short term traders.

Today was certainly not a lucky day, it was the unlucky 13th day of trading. Nevertheless, there are lessons to learn, and we elaborate what went on here.