Tuesday, February 25, 2014

25/02/2014 TUESDAY

Opened outside and above PDR. But soon BOF occurred at IRH. BO candle Low was so close to DP and the price rejection was not so rapid to enter at the BO candle low. But the price fell down.  Missed the trade, as I was not sure where to enter.  Rajeshji has entered at the breach of low of previous candle/swing low.(underlined in red)  This was the best signal of the day.

Price  retraced upto BRN and price rejection was noticed here. Entered BOF here.  Flipzone on the left side was not noticed by me, prompting me to take the trade.Managed it well to escape with just 0.7 point loss. Was deceived into believing a PB as BOF.  It is high time, start picking up all valid signals without hesitation, having full faith in the ability to manage any eventuality.  
 

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