In this Option Hydra – Market Profile live trading room, we discussed how to approach an event trading day like RBI Policy announcement and How to spot immediate support/resistance for short term trading. How to understand the market context & associated traders’ behavior.
We also discussed how to take a process-oriented approach and record the market generated information, visual references and what to expect in the given trading situation. Where one can anticipate a low-risk trade setup and where the emotional take decision very often.
Trading Notes from the RBI Policy Announcement event on 5th Dec 2019