Seeing the 15min Chart as is.

[jamit_05]

Long over 6751; SL 12 pts or less.
At HOD, will book profit to make the trade risk free.

Long 50.25
Will book profit at HOD.

Edit:

Long 48.50
will get completely out at HOD.

 

[jamit_05]

TSQ/TBQ is 1:2.5

Momentum is likely.

 

[jamit_05]

Today, previous HOD has been rejected and price is now below previous Close... hence I will seek to short below any 15min support level which will form... and go long over any 15min resistance... and since there are none of the two I will just SOH... and go through an interesting thread about Hollywood Movies managed very enthusiastically by Shreeux.

 

[jamit_05]

I am having second thoughts about short entries.

Reasons:

Price is very near the hourly Ema15 at 6721. This usually acts as a formidable support.
Plus there is preivous LOD in the same region. So, I feel there may not be room enough for price to freely move 20 odd points from my price of entry.

Plus, I am starting to see 6721 as LOD for one more reason that this was also my point of entry yesterday, which succeeded so I am expecting 6721 to act as a strong support today.... strong enough to cement it as LOD today.

What will make my day today, is a long entry after seeing some consolidating near 6720

 

[jamit_05]

Long set up in place...

Long over 6744.80
All exit at previous HOD.

 

[jamit_05]

About the short entry that was being considered, the level just broke and hit the entry levels... and the entry bar was ugly on 5 and 15mins..... just as expected... saved me 10 points!

 

[jamit_05]

As a matter of fact, the entry bar on long trade too is terrible. But, I will give it about an hour or half to get its act together that too because the HTF trend is not down... then on I will want to get out at breakeven.

 

[jamit_05]

Skipped another short trade... that is two short trades went for leg-byes today... at which i didn't swing...

Now, I see scope for a bounce from pLOD... will go long above this bar if it is taily...

 

[jamit_05]

Long above 21.4 SL 10 points
will set exit to clear today's loss and gain 10 points+expenses.

 

[jamit_05]

Got out of longs as planned... cleared all losses+expenses and a little profit left... nothing to chat about