Friday, October 17, 2014

17/10/2014

Inside Gap up opening.

1) Wanted to go Long at strong PDL/PDC BOF. Expected IRL to act as FZ after 20+ points move below. Hence wanted the price to settle inside IR to let me enter. Missed this good signal.

2) Took BPB BRN and got stopped out. -6.5 points.

3) Thought that the BOF will be pretty strong and took that too. Again stopped out.  -6.5 points.

It is a problem reading the price action on Fridays and other days before holidays. Needs to work on this.

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