Thursday, June 1, 2017

01 - Jun - 2017



Market Commentary
10:00 AM: 9632-14 is the range so far, price trading in very narrow ranges again. Will wait till low risk trade setup emerges.

10:50 AM: Price broke range and attempted PDH, unable to sustain and reversed toll RH again. Not going for BOF of RH signal (if comes) as trend is up and better place to initiate short is PDH, will wait for PA again at PDH again.

12:33 PM: Without attempting to concur PDH, price broke DL/PDL/BRN now

13:00 PM: Seems pricing making BW around PDL, not a convincing setup to trade long now

14:10 PM: V shaped recovery, missed as no reliable setup formed for long. Now can only wait for PA at DH


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3 comments:

  1. thanks for the chart and commentary..

    ReplyDelete
  2. hi Rose,

    Could we have taken BOF pf PDL ?
    We had LOL (BRN and PDL) there but in hindsight analysis,after breaking out PDL, we have had some trade till PDC ?

    ReplyDelete
    Replies
    1. Srinivas,

      I suspected BW around PDL seeing tail bars at tat time..also didn't expected recovery so soon

      Delete