Tuesday, September 16, 2014

16/9/2014


IR was formed around PDL/RN.

1) Price moved in a narrow range for a long time.  When the Range Low was breached, price retraced and  settled  inside the Range for considerable time. Thought that it was a BOF. It turned out to be the one and only golden signal of the day. Missed the down move.

Should have shorted below the swing low, as after a long consolidation, when one end is breached, price will move quickly in any one direction without fooling around.

Could not find any other signals. So no trades for the day. 

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