Review of Intra day prediction US market July 17

Prediction made: ( see original prediction preceding number of updates) for July 17

 

A volatile market offering opportunity for three distinct profit making trades ; trade 85 ( shorting-first phase), Trade 86 ( long position-second phase) and shorting in late afternoon ( third phase)

 

 

As can be seen chart follows the prediction broadly except that towards end of day inspite of 8o pint fall from a high of 207 , the fall was temporary which was not predicted.

 

Trade 85: profit of $ 165 from dow shorts ( nasdaq short not triggered)

 

Trade 86: profit of $100 from dow long call( it was a mistake to book profit instead of using trailing stop loss) and another profit of  $ 140 from Nasdaq long call( where trailing stop loss gave good profits).total profits $ 240

 

Trade 87: Loss of $750 from three dow shorts( as no no exit call was given and hence profit booked at highest levels).shorts were created too early leaving a loss of $ 750