Wednesday, May 21, 2014

21/05/2014,WEDNESDAY


1) BRN was IRH. Looked like a big BO of IRH/BRN. Reminded me of the excellent fluidity here. Still wanted a clear swing high so that entry can be made at PB. After a big candle price reversed.

2) Didn't take BOF of PDC, as BRN was very closely located.

3) After choppy price action for more than 2 hours, price broke below PDC and PDL. Shorted BPB of PDL and got 10 points. Could have entered bit earlier below the low of  BO engulfing candles.

Started panicking while trailing and made  a premature exit. As RN supported,  the price reversed. Should improve on this.

4) Price reversed without giving any swing high for entry. Could get a swing high just below CHOP ZONE, which was rightly not taken. 

No comments:

Post a Comment