In the morning we were below all those horizontal supports of yesterday with free space below if the market had gone down after gapdown opening, then went back up into those lines, meaning tight range with no free space to move. That is why only one ce trade worked out and the rest fizzled, but good experiance as i studiously followed my rules which is most important and also thereby made back on the initial losses which were comparatively large than the final booked loss.
The gist of the story is, to be disciplined and not to think while trading.
P:S: actually the rupee was predictably going to strengthen today before market open itself so although markets were to open gapdown, it would have been prudent not to take the first short position and instead to go long when trading system triggers long, this angle was overlooked by me.
