Market Commentary:
9:25: Nice up move at start of session, PDH broke n NF
testing BRN now. Preferable trade is long as BOF of RL. Let the range form.
11:45: Looking for BOF of RL, also looks like ciggerate
pattern forming (remembering ST sir teachings)
13:25: Hesitated to enter short as BPB of RL, as I was
looking for long trade at that time
14:10: Done for today, as not comfortable in taking any
signals now
Thanks for your chart Rose. I had 2 things in mind when prices broken tight range.
ReplyDelete1) daily is in downtrend and today's price is uptrend. Selling at the break of tight range is with the trend or CT trade.
2) Selling at range low will be a low probability trade.
with this confusion i did scratch the trade before it moves.
whats the full form for RL?
ReplyDeleterange low
Delete