EXPIRY!!!
Another expiry, last one was bad. Lets see if this method playing 20MA works and how much.
All the best - no change in anything. Lets see how it goes.
The market is at all time high. Can it correct from here? Of course.
The market is very positive though - 3 days of back to back breaking previous highs. About 20 MA on daily and 1 hour.
23,821 on Nifty Futures is a major support level and any shorts have to be below this level.
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Trading day -
The direction today was ok but the trades didn't work out. Not all, some did work out and reduced the loss to under Rs 1000.
20 MA is proving to be very slow and hence i have now shifted to 9 and 15 EMA - they are faster. The idea is to trade them - not anything else - not support resistance, not 200 EMA.
Just take trades at 9/15 EMA and stop loss will be lower of the two EMAs - mostly 15 for long and higher of two for short.
LOST MONEY.
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