BOOK TRADE CRUDE OIL 7/5/2015, THURSDAY

1) Shorted PDL BPB. Got 54 points.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

2/2/2015,MONDAY

Bias was bearish @ DO.

1) First candle showed strong rejection. Price couldn't stay above PDL. Second candle indicated that buyers are also strong at that level. Took a chance and shorted below the first candle. Stopped out. Gave 10 points.  Should have waited for PB, once I started doubting. Lesson learnt.

2)BOF @ IRH was a strong signal. Skipped it as the space with PDL was hardly 10 points. Further too much of congestion was around PDL.

3) Strong momentum move launched the price above BRN. Waited for TST @ RL to long. But it was broken down.

So no more trades. Very difficult to judge the price movements. 

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.