Seeing the 15min Chart as is.

jamit_05

Well-Known Member
Looking at the hourly, 30 and 15 min chart side-by-side, I see that working only in the direction of the hourly trend is a lot easy on the nerves.... mistakes are forgiven and targets are met with less effort... most importantly the drawdown is significantly reduced... making intraday trading dear(er).

I just may resolve to taking longs only (inline with hourly). It has helped me a lot in that past few days as the range is getting narrower.

Will take short entries only when there is an added reason, like prev day HOD rejection with a clear trigger of 15min pivot.
 

jamit_05

Well-Known Member
Will short below 6736 target... 6700;

The bias is down as of now... 6705 is a strong support, price is very likely to bounce from there...

Long looks a little doubtful till 6770 is cleared.
 

jamit_05

Well-Known Member
Will short below 6736 target... 6700;

The bias is down as of now... 6705 is a strong support, price is very likely to bounce from there...

Long looks a little doubtful till 6770 is cleared.

The upmove failed... will surely short below any 10 to 15 min pivot low.... there is a strong bearish taily bar favouring short entries.