Wednesday, March 5, 2014

05/03/2014, Wednesday




Started using Boellinger Bands. Opened above PDH and soon fell below PDL. BO of  BRN Spot was a chance. Waited till a fresh swing low below BRN Spot was formed and placed an order below this swing low. It was not filled. Should have shorted on the breach of previous swing low.(3rd attempt will test this swing low and as expected, price moved down, thanks to sufficient sell orders located there.)

Unable to test BRN (Future), price quickly climbed up. Skipped the trade, as PDC and PDH were above. No other clear signals for the day. So no trades for today too.

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