Tuesday, July 1, 2014

01/07/2014


1) Gap up above PDH and got rejected. Shorted BOF of PDH. Stopped out.  - 10.5 points. Was doubtful whether it was a valid trade, as it was against the initial Bias, the attraction being location. But ST has also taken this trade, so the thought process is ok.

2) Didn't go Long above IRH, as 7660-7680 is a strong resistance. Was a right decision.

3) Shorted at double BOF of IRH. Expected the price to touch at least RN. Not to be. exited with 1.5 points.

4) Didn't take the next BOF. Though it was a very good BOF, ignored it, as it was directed at the chop zone. Good decision.

5) It was a choppy NR day. Will there be a BO tomorrow?

No comments:

Post a Comment