02/07/2014

1) WT Gap up above PDH/BRN. BPB of  IRH was a touch and go signal. Space with BRN SPOT was hardly 9 points. Skipped it.

2) Then there was good bullish order flow at RH of  Range +1. Space with RN was 10 points. Again was in two minds, as the momentum was not there, further 100+ move has been already completed. So didn't take this signal too.

So no trades for the day. A day when the flip zones were fully respected, but space was a big problem.

27/01/2014

Opened with a WT Gap down. Till 1.00 PM, market was in a very narrow range, that too in a slightly slopping channel.  Though the price moved down by 50 points after 1.00 PM, no proper signal could be found, barring the complex BPB of MSP.  Hence no trades today too.

 TBBji had tweaked IRL and it really worked for him. That is the lesson for the day. See the Chart below.