Trading Day 17 Mar 22
#1simpletraderlog
Huge gapup.. near resistance of AVWAP achored at the top and with in the range of Fibbo levels.
quite interesting here.
Looks like a long day as per OI. 36800 900 levels can be touched
Lets see.
I won't trust this up move. I see no increase in volume from peak to peak.
Waiting for meaningful entry.
Took a short poosition with small SL of 70 points.
CE & PE both are running the same for some reason.
Exited near VWAP session for a small profit.
RR is not good in my trades. should learn this.
#1simpletraderbad #traderdiscipline
Marking it as a bad point that needs some improvement on my side.
Took another short position in Nifty.
OBV sometime shows clearly the false move.
People use RSI and it's famous too but the calculation doesn't make sense to me.
See the divergence in peaks.
Market today is not giving any chances whatsoever,
will not risk anything if clear trade doesn't present itself.
Interesting thing is OBV levels are not moved as much as price moved. This must have an insight to it.
Will be worth studying such cases.
#1simpletraderlearning
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