06 - 08 - 2014

Market Commentary:

DO below PDC/closing range

IR -- 7752 - 7733

2 attempts to break IRH failed.. fluid below IRL

IRL BPB short below LOD (or) BOF long if IRL supported again

BOF happened at IRH as well.. BO of HOD/LOD can be attempted i guess.. not sure about order flow, as fluid below LOD.. short can be attempted with small risk.. CM is long.. stops may be below LOD

Attempted BO of HOD with SL 7748.. BOF at 7748 with SL 7752.. both failed.

Will stay away,  unless low-risk trade emerges

Short below LOD with small SL .. BOF at IRH couple of times.. PP short below LOD.. weak positional longs may have stops below LOD.. low risk trade can be attempted

Short triggered below LOD.. no big fluid move as expected.. trailed SL to breakeven.. hit.

Couple of attempts to break lower range are failed

Hesitated to take BOF of IRL long.. NF jumped

Back into lower range.. fluid below LOD

Shorted below LOD, into fluid.. exited on complex pull back

Trade1: (11:35  candle)

Long at 7756, as BO of HOD.. with initial SL 7648

SL hit; exited trade with loss of 10 points

Trade2: (candle)

Short at 7748, as BOF of IRH.. with initial SL 7752

SL hit; exited trade with loss of 6 points

Trade3: (12:14 candle)

Short at 7730, as BO of LOD.. with initial SL 7735

Moved SL to 7728, break even

Trail SL hit; exited at cost

Trade4: (14:38 candle)

Shorted at 7714, as PP below LOD.. with initial SL 7718

Moved SL to 7702. seeing faster bounceback

Trail SL hit; exited trade with gain of 10 points

Points earned : -6