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[jamit_05]

ECB rate cut by 25 bps... so a trend may catch on..

Not sure about shorts... but yet have shorted... not a confident entry.

 

[jamit_05]

"Although, ECB cut rate, Could the market majorly crash? " Is the question. I think no. Then if it reverses, then from where. Cuz the reversal could be quick and sharp. Esp, near 1 p.m;

Err....Market just made a new low...

 

[jamit_05]

Am double shorted.... and 5300 major intraday hitch is cleared in a second... that is good news... but my Ego too would be happy If my analysis was Right AND I made profit...

 

[jamit_05]

what is a justifiable line of reversal to longs? Cuz I have a strong feeling that the market will sharply reverse....

 

[gunsho]

what is a justifiable line of reversal to longs? Cuz I have a strong feeling that the market will sharply reverse....

5320 appears to be a good vpoc. whenever it crosses it, it stays on the other side for a while . To be safe, might be a good idea to stay long above 5340.

 

[jamit_05]

5320 appears to be a good vpoc. whenever it crosses it, it stays on the other side for a while . To be safe, might be a good idea to stay long above 5340.

5309... will wait for more proof to SAR at 5309...

Otherwise 5318 is locked in as SAR.

 

[jamit_05]

Augubhai makes adds... so he will appreciate the reason for me wanting an early entry...

 

[jamit_05]

198 is the current cost of Aug 52/54 pair... will require to track it... since we may short EOD.

 

[ravinder0509]

Good judgement on your side to short at 5350 yesterday, did you short your usual quantity?

 

[jamit_05]

Good judgement on your side to short at 5350 yesterday, did you short your usual quantity?

yeah... but covered it in the last minute... had too little buffer. Took a new short entry this morning...