Monday, July 28, 2014

28/07/2014


1) Mild gap up, but initial movement was down. Attempt to break IRH failed. So the bias was bearish. Hesitated and missed BPB of IRL, as 2 candles with big lower tails made me think that strong buying orders were resting there. But price never managed to get inside IRL/PDC. Should have given more importance to this fact and taken the trade. Missed 22 points.

2)BPB of PDL/RN - Didn't take this as I wanted to see the candles close beyond RN. Should have trusted PDL BO and taken this trade. Missed another 20 points.

3) Went Long @ BOF of LOD. Exited at RN, as I expected PDL/RN confluence to act as a strong flip. Got 8 points.

4) Didn't get any other good signal.

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