No gap . Initial
movement – up. Strong rejection at PDH and price rapidly fell down.
1) Did not short BPB of IRL, as BRN Spot was closely
located. Below BRN Spot, low of the last impulse move of the previous day was
there.
2) Price fell steeply. No clear signal to join this down
move, though was expecting it from the morning. But in hindsight, after seeing ST's blog, can understand that it is a very good FTC trade. Lack of knowledge about FTC was the reason for missing this trade.
3) Did not short BPB of BRN, as it was a strong support in
the Hour timeframe.
4) Went Long above BRN,
trusting the exit of critical mass. PDL was located exactly 10 points
away . Stopped out. Gave away 8 points. While taking such trades, space must be more than 15 points, I think.
5) When price soon climbed up, thought of entering Long
above the swing high. Hesitated and missed 15 points.
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