Showing posts with label flip zone. Show all posts
Showing posts with label flip zone. Show all posts

Tuesday, October 28, 2014

28/10/2014,TUESDAY


Opened above the high of the last impulse of  yesterday.

1) Did not go Long above IRH, as it (IRH)  may not be clear to many traders.

2) Delayed taking IRL BOF Long, as I wanted a swing high for entry at/beyond the flip zone. Momentum was missing and hence skipped this trade even after getting the swing high beyond the flip zone.

No other  clear signals and hence no trades for today.

Was a choppy day.

Wednesday, June 11, 2014

11/06/2014, WEDNESDAY

1

Started using IG charts. Looks quite good. Can't understand why it is not so popular among traders.

1) In the opening session, failing to test IRL, price started consolidating below PDH, making HLs. Took a direct BO and exited with 9.5 points. Could have got at least 10 more points, but badly wanted a winning trade to boost the morale, so exited deliberately. Yesterday's memories caused an early exit.

2) Didn't go Long as BPB of  BRN, as already 50 points movement was over. Was proven right.

3) Decided to short BOF of BRN, only if a swing low was available for entry. Didn't get it and missed the trade.

4) Waited for some time to let the consolidation come to an end.

5) Didn't go Long on BO of consolidation high, as it is directed into the consolidation zone.

6) BOF at consolidation RH was a TRAP signal. Didn't notice it and missed the move.

7) Attempted BOF Long at DL. Flip zone resisted and exited with 3  points.