Started trading late in the morning.
1) Shorted when BRN resisted. Got 6 points.
2) Longed at RL. BRN resisted. Got 8 points.
3) Looked like buys were getting
absorbed at BRN. Shorted bit late. Got just 2 points.
4) Longed at BRN. Got just 6 points.
5)Price could not go up even after 3
attempts. First kept the short at XX97.70. Lost focus and moved it up to swing
low at XX03. Stopped out. Gave 8 points. If the entry was not preponed, this losing trade could have been avoided.
6) Now it is evident that BRN will
hold. The pattern morphed into Spike and Ledge. Didn’t expect this pattern at
BRN near HOD. Longed hesitatingly. Got 20 points.
Very very tough day for day trading.
