Friday, July 18, 2014

18/07/2014




1)Gap down and opened below PDL. Shorted BPB of PDL and exited at BRN. 15 points.

2) Shorted BOF PDH. Didn’t wait till PDC gets broken. Expected a bounce from RN and hence exited there.  10 points.

3) Looked like a good PP set up at HOD. But there was good opposing order flow in the opposing direction just before the entry point, resulting in lack of momentum, if the 3 equal candles above PDH are an indication. Hence cancelled the order. Another reason was Friday. Not many buyers may be active after 2.40 PM. Was not a bad decision.


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