Thursday, October 16, 2014

16/10/2014



Opened with  INSIDE Gap down and soon shot up.

1)Shorted PDC/BRN BOF. Got 8.5 points.  First candle was OPEN LOW candle and hence was not sure where Range Low will be formed. Closely trailed and exited when price stalled near RN Spot. 

2) Price consolidated in a NR for a long time. There was a BOF @ RH followed by one at RL. Went Long above RH. Stopped out. -6 points. 

3) There was a strong BOF at PDL. Did not take it, as there were 2 strong FZs above. Was right.

4) TRAP above PDL resulted in PDL getting broken. Felt that PDL will hold. Further BRN Spot was close. Hence did not take this short. But this moved well. Shorts went off well today.

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