Monday, February 8, 2016

08 - 02 - 2016




  1. NF opened with in yesterday closing range
  2. IR formed (7510 – 7488) with in PDH and PDL; expects a range move
  3. Also IR coincide with yesterday range play
  4. Removed BRN as DP as it loose relevance now (seems BW formation)
  5. Potential trade; BOF of IRH... Or let’s see how price reacts at PDH
  6. Settled into new range above IRH, will see if BOF of Higher RL gives a long opportunity
  7. BOF happens, now I will wait for PB to give a TST
  8. TRAP short may come
  9. Trade 1: BPB short at 7504 with initial SL 7514
  10. Exited trade with loss of 12 points; couldn’t spot channel move beforehand
  11. BOF short at PDH signal; but won’t take now as just had a losing trade. Also sudden volatility scaring me
  12. BPB short at LOD signal; below 7470, 40 points free fall may come
  13. Trade 2: BPB short at LOD at 7478 with initial SL 7488
  14. Moved SL to cost price 7481
  15. Moved SL to 7466
  16. Moved SL to 7453 as PDL touched
  17. Moved SL to 7438; PB high after PDL broke
  18. Moved SL to 7430; as BRN touched
  19. Moved SL to 7415; low made before BRN broke
  20. Moved SL to 7402;
  21. Exited at 7382 with gain of 94 points



Net Gain: +82

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