Tuesday, February 11, 2014

11/02/2014




Opened within the previous day Range. Shorted on IRL BO. Could get only the brokerage charges. There was a Layer over LOL.- PDH above IRH and BRN above PDC.  Didn’t enter on BOF of PDH, as I wanted to study how price behaves in PDH –BRN combined LOL setup. Price broke below Day open, confirming that price won’t  reverse and go to BRN.  If price is successfully resisted at PDH,  LOL setup may not work, it seems. Should observe on some more instances.

Was bit difficult to judge BOF of MSP.  Could not find the right entry point. HL made subsequently gave the first signal of channel being formed. So could not take any other trades.Choppiness at its best!

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