Friday, July 11, 2014

11/07/2014, POST BUDGET DAY


1) Mild Gap up and soon breached BRN firmly, only to retrace at the same speed.  Still the hangover of the Budget was very much there and the candles were very big, making one nervous on where to keep SL.

2) Shorted BPB PDC. Within a few minutes exited, as the trigger candle was a pin bar, which was fully retraced in no time. Not a bad decision. -7.5 points.

3) BOF of BRN PDL confluence was a pretty strong signal. It was a 2 legged BOF. Entered Long above the flip zone.  Got 23 points.

4) Same signal was seen again. But there was a  strong opposite candle, as the price touched BRN, which indicated the presence of strong opposing orders. Hence didn’t take that signal.

No more trades for the day.
 


No comments:

Post a Comment