Wednesday, September 3, 2014

03/09/2014



Gaped up above PDH, but initial movement was DOWN. It indicated that there is no clear imbalance between sellers and buyers.So, it was throughout the day.

1) Skipped BOF of PDC, as price remained below PDC for a long time after BO. Further it was against the direction of initial movement.

2) It looked very much like a BOF of PDH(Flip zone too). But price went up and the Short was not filled.

3) Wanted the price to consolidate a little  longer before placing the FTC Short order at HOD.  But price fell down rapidly without waiting for me.

So, no trades for today too( no trades for 5 out of last 6 days). Instead of losing consistently, it is better to learn/wait and endure the learning phase.

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