Tuesday, August 5, 2014

05/08/2014



RBI announcement day. Waited till the announcement was over.

1) Steep fall below PDH/PDC  confluence.  Could not capture this move in the absence of clear signal.

2) Took CT PP Long trade. Expected it to move well, due to fluidity.  . Exited with 4.5 points, when second push failed. As the location was near BRN, should have allowed consolidation and trailed at swing low. Price consolidated for a long time before spiking up beyond BRN and PDH and HOD. Missed a 90 points move.

No more trades for the day.

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