Monday, October 20, 2014

20/10/14


Outside Gap up of 100+ pts.

1) After prolonged consolidation, price failed to break IRH/BRN Spot. Thought of shorting at the 3rd ( M shape) bottom. Hesitated and missed. That turned out to be the best signal of the day.

2) Did not short BPB of BRN, as addition in 7900 PE was too good to be ignored.

3) Looked like BW at BRN. Still the chances of an explosive up move, if  the trapped traders exited, made me take the risk and go Long. Stopped out. -9 points.

No more trades for the day.

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