Wednesday, November 19, 2014

19/11/2014,WEDNESDAY



Opened without gap.


1) Did not short IRL BPB as I wanted to wait till any one of  the extremes of the last impulse of yesterday to be breached.

2) Skipped BOF PDL, as the extreme of PDL has not been sufficiently penetrated. Further there was hardly 9 points space with RN.

3) Even after the extreme of PDL was broken, decided not to take BOF PDL, as  the order flow suggested that bears are absorbing all the buying and panic selling may start soon.

4) Shorted BPB PDL, though BRN Spot was close, trusting the strength of the move,below the then LOD. It was also a Pattern failure. Got 30 points.

5) Did not go for BOF or BPB at BRN, as  I had seen many trades at BRN failing towards the EOD, after a good move.

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