Trying to understand holding shorts overnight from yesterday. Assuming intraday 5 min short was taken at red arrow yesterday, EOD price is at multiple days congestion low on the 30 min chart. Would it not be time to exit? Or would the thought process be, risk is only yesterday's profit (most likely) if price gapped up, so hold overnight?
Markets cannot remain in trading zones for a very long time.It has to breakout or breakdown. As we were unable to take out 8550-70 area and we attempted and made a lower top, there was a possibility of breakdown. So near the multiple supports we book profits but we can keep some positions risking part of the profits yesterday....multiple supports/resistances generally break with a gap opening so no one gets an opportunity to get on board.
What tuk tuk? 90% time market is tuktuk, as we all know. I did 4 trades, scalping both sides, between 8233 - 8268. 41 points avg/lot is the outcome of this 30 point tuk tuk.
Market is there to be milked, friend, not to comment upon!
What tuk tuk? 90% time market is tuktuk, as we all know. I did 4 trades, scalping both sides, between 8233 - 8268. 41 points avg/lot is the outcome of this 30 point tuk tuk.
Market is there to be milked, friend, not to comment upon!