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Wednesday, February 12, 2014

12/02/2014





Opened above PDH.  BOF noticed at PDH.  BRN,IRH and BRN Spot were closely located. Wanted to go long above BRN Spot, but it proved to be a good resistance.
Price was moving in a very tight range, with so many LOLs . Went Long on BOF at PDH/Range Low towards the end of the day. BRN resisted and was stopped out. I should have placed the buy order above the BO candle. I could have even waited for MSP to get broken, before taking that trade, as it was already around 2.30 PM. 
 Looked like price may crash below Day Low. But that didn’t happen.  Another tough day.


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2 comments:

  1. AnonymousFebruary 12, 2014 at 4:46 PM

    Hi Karthikeyan,

    What is BRNSPOT???

    I took only 1 trade today....long on IRH....closed with 15 points.


    Thanks,
    Mahesh

    ReplyDelete
  2. nifty for breadFebruary 12, 2014 at 5:22 PM

    Hi Mahesh,

    Big Round Number Spot - 6100. Glad to know that you had made 15 points on a narrow range day, interspersed with so many DPs.

    Thanks
    S.Karthikeyan

    ReplyDelete

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