Thursday, May 8, 2014

8/5/2014, THURSDAY


1) Mild gap up and strongly resisted at BRN. Shorted at the breach of B/O candle low. PDL/PDC confluence supported. Got 5.5 points.

2) Surprised to see the price moving above BRN post FTC at PDL/PDC. Another strong BOF at BRN. Entered below the BO candle low and got 13.5 points.

3)BOF of PDL/PDC - Didn't take this, as it is CT. Conditions, required for CT trades were not there. Difference between LTP and VWAP at this point was almost zero. As there was no swing pivot on the way  after BRN, the critical mass was not significant enough, it seems.


Thereafter, price was moving in a very narrow range, neither moving up nor down. 

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