Monday, October 13, 2014

13/10/2014




New week opened with a WT outside Gap down.

1) Marking of IRH was wrong. Shorted BOF of IRH. Stopped out. -5.5 points.

2)Price moved above IRH. As it was a strong flip zone in Hour time frame, did not go Long here. But price moved up well. Completely misread the price action. As Daveji mentioned price has hit Day time frame flip zone and reversed.
3) Did not go Long at BPB BRN, as I wanted to see candle bodies on the BO side. When strong BO happened, it came too close to BRN SPOT, preventing Long.
4)Third attempt to break HOD/BRN Spot  failed and it looked like BOF.  Thought that there will be exit of critical mass here and shorted. Not to be. Got   5.5 points.    


  

No comments:

Post a Comment