Monday, July 7, 2014

07/07/2014




1) Tried to Break BRN, but could not. Shorted below IRL and got stopped out. -7 points.

2) Price moved in a NR, chopping around. Didn’t take BOF of RL, due to want of fluidity.

3) Didn’t take BOF of BRN, as PDH was closely located. Further expected the price to bounce from PDH
 as it seemed that it may act as a strong flip zone
Wanted PDH to be broken from top once more so that it loses its relevance completely. Two attempts to break PDH on the downside failed. Decided not to go Long above BRN in the unchartered zone as 2 earlier attempts failed.

No more trades for the day.

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