Market
Commentary
10:05 AM: IR (9632-10) formed with in
yesterday range (coinciding with closing range). Will wait for PA after
breaking PDH
10:25 AM: Removed PDC and marked range as
9630-9612, RH is DH and PDH
11:40 AM: Trade 1: BOF of RL low at 9615 with Initial SL 9608, FTA RH/DH/PDH
15 points away.
12:30 PM: Moved SL to 9617, breakeven
13:55 PM: Exited at cost;
14:15 PM: Trade 2: BO of PDH at 9633 with initial SL 9624; with scratch
mind set
14:36 PM: Moved SL to 9630 as no momentum
14:55 PM: Exited with loss of 5 points
Points earned: -5
Hi, thanks for the chart!
ReplyDeleteThere was all time high fresh level just above PDH (from 29/05). Do you give importance to levels like these?
Thanks,
Chirag,
DeleteI was expecting price to break DH..with at least 10 points sharp rise. If not sustaining I was ready to move so near to cost.. as I have developed scratch mindset before entering trade, ATH is not an abstacle for me..infact I expected good amount of short covering above it.
okay. Thanks!
Delete