04/07/2014

1) Mild Gap up. Previous day MSP resisted the up move. PDC was broken. Expecting a LOL BOF, as PDL was closely located. Good consolidation between PDC and PDL. Thought of shorting below PDL. But this is the first time, seeing this set up and hence decided to wait. As expected, price fell down steeply. Good lesson learnt.

2) Took CT PP Long and closed at PDL 18 points. 

3) Again LOL consolidation and the same result. Price touched PDH and closed.

A few good lessons learnt, without burning the fingers. Whatever the strategy may be, it takes some time to understand it and a little longer to clear the doubts, one comes across during execution.