Wednesday, July 30, 2014

30/07/2014




Mild Gap up, Initial move was down.

1) Narrow IR with a BW pattern around PDC 

2) Didn’t short BPB IRL, as
   a) rejection was very good,
   b) Momentum on the BO side was very less
   c) PDL was located at less than  9 points space.

3) 2 LEGGED BOF of PDL was a very good signal.  Exited at PDC for 15 points.  Expected a bounce from PDC/IRL/RN.  But it moved well, thanks to the strength of mighty 2 legged PDL BOF. Could have got 50 points easily.

No more trades

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