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
Points earned: 0
thanks for the chart and commentary..
ReplyDeletehi Rose,
ReplyDeleteCould 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 ?
Srinivas,
DeleteI suspected BW around PDL seeing tail bars at tat time..also didn't expected recovery so soon