Thursday, May 22, 2014

22/05/2014,THURSDAY


1) Gapped up at BRN, but couldn't break it initially.Going Long above IRH was not possible, as PDH and BRN were closely located above.

2) Went Long on BPB of PDH. Lost 8 points. Should have scratched it, like ST did and minimised the loss.

3) Then choppy price action was witnessed for hours together. BPB of PDH could have been shorted, but was in 2 minds, as the MSP(11.21 candle) was closely located.Didn't take that trade. ST clarified that Swing pivots can't be DPs and FTAs.

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