After studying post market data points, I have come to conclusion that there was a 2nd test of liquidity which have had happened as shown in the original source of liquidity. In a volatile environment like yesterday after hitting a trailing stop loss, it was too much for my capabilities. So just decided to wait and watch. But now, preposition is fairly simple and will initiate longs if 12018 is crossed and will not trade short positionally till time nifty keeps in below region.
Over all it proved out to be the shake out day for all biases. An important day, was a extreme test of processes which follow in trading. The day which reflected me to ponder upon the importance of having a hypothesis and process to trade.
Let us see what follow up we get from tomorrow.
Over all it proved out to be the shake out day for all biases. An important day, was a extreme test of processes which follow in trading. The day which reflected me to ponder upon the importance of having a hypothesis and process to trade.
Let us see what follow up we get from tomorrow.
Comment:
EOD 22.10.2020 after studying the raw data, everything is still ok for upside bias. My opinion will be to stay long or try to find entries on long side
Comment:
Good trending opening.. one more good sign
