Tuesday, October 14, 2014

14/10/2014


Opened with Gap up above PDH and soon got sold out resulting in a vertical fall.

1) After the fall, price pulled back beyond BRN and it looked like BOF. Didn't take it as there was a strong chance of consolidation. But this move went off well forming a new LOD far beyond the earlier one.

2) PDC/BRN resisted the retracement. Shorted the second BOF   at BRN, though its extreme was inside as opposed to previous BOF. Looked like HNS and there must have been lot of orders  at the previous swing low. Did not move well. Got 1 point. It turned out to be BW.

3) BOF of PDH was pretty strong. Could not find the right place for entry.

No other trades

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