12/09/2014, FRIDAY

No  gap . Initial movement –  No clear one sided movement.

1) Did not short BPB of IRL, as BRN  was closely located. 

2) Price rejection at BRN was good. Waited till price made a second attempt to push the price down. Now placed the BOF Long order. Expected it to breach IRL and move at least upto PDC. TSL was hit. Got 4 points. 

3) Took BOF Short of PDC/HOD.  It was  a strong BOF. Stopped out.  Gave  7 points.  

4) After  BOF PDC failed, price ran up quickly, presenting  a PP set up at HOD. Skipped it as BRN Spot was closely located, followed by PDH. Here premium suddenly spiked up.

Not a good day in terms of returns, but my trades were same as ST’s . In this week, on two days, my trades were same as ST’s and that indicates that my thought process has begun to improve. In general, did  not do any stupid mistakes. One  wrong  trade was taken out of ignorance, yesterday. Otherwise enough reason to be satisfied with myself.

Execution consistency always precedes consistent Profitability.                                 

                                                          -  SMART  TRADER.