Thursday, October 9, 2014

09/10/14




CT outside Gap up. Could not capture the initial up move.

1)Could not short BPB of NR, as RN was too close.

2)Expected RL of  NR to act as flip zone and push the price down towards LOD. But price was consolidating just below FZ. Looked like TST pattern failure or TRAP. Went Long above the swing high.  Got  27  points. 

3)Shorted BOF of BRN. Gave -6.5 points.

4) Thought that it was another pattern failure (BOF) or TRAP. It also looked like complex BO pull back in making.  Placed a buy order above HOD. But BRN resisted, rising doubts of a BW. So cancelled the order.

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