20/05/2014, TUESDAY

1) Gapped up, pulled back and soon IRH was broken. Price had an easy ride till being resisted just in froNt of RN. First candle had a long upper tail. ST clarified in his blog that candles 5,6,7 and 8 indicated that orders are resting near DO only. Except ST, most of others may not have taken this trade.

2) There was a good opportunity to short below PDH and there was a nice swing low too. Had gone out to take Breakfast and hence missed this trade.

3) Price was twice resisted at BRN and it looked like BOF. Yesterday's lessons warned me of the trading into the chop and rightly didn't take them.

4) BPB of BRN was a good signal with a clean swing high. Skipped it as it was already 2.35 PM.  Today is the day of fluidity. A good example of how price moves easily in fluid conditions like knife in butter.

So no trades for the day.

21/04/2014, MONDAY

1) Was in a very narrow range for a long time. Strong LOL BOF of IRL/PDH at Noon. Didn’t take it as the space between the possible point of entry and FTA was hardly 7 points. 

2)LOL BOF failed to break IRH, indicating that IRL may get broken anytime. After another mild BOF at IRL, price spiked above IRH and soon reversed to IRL, suggesting the absence of significant imbalance between buyers and sellers.

3) This was followed by price consolidating just below IRH, suggesting order accuumulation above IRH, which is a high fluidity zone. As the price has been moving in a very narrow range for  more than 5 hours, any BO into the fluidity should be a good move. 

Good BO soon followed and those who had taken this trade could have made around 25 points. Skipped this trade in line with the policy of avoiding direct BO trades, till consistent wins are achieved.

So no trades for the day.