Market
Commentary
9:34 AM: Counter
trend gap up after attempting reversal pattern on Friday, but upper long tail bar
formed at open and after PB. prices not moving quickly above swing high. will
wait for consolidation and range formation
9:39 AM: IR
(9555-39) formed above PDH and closing range… bias is bullish as of now
9:58 AM: Price
gave TST and gave BO above IRH, both signal I was not ready to take. BPB and
BOF signals were easy to take as they come with confirmation.
10:46 AM: Seems
day going to be Type 1 trend day, unfortunately couldn’t take an early entry.
12:00 PM: Waited
for TST to BRN before placing order, price moved with no PB
13:40 PM: Looking
for BOF of MSP/BRN long signal, but price seems to be sustaining below
14:10 PM: Trade 1 – BOF of MSP/BRJN long at 9605
with Initial SL 9696, FTA DH 20 points away (This is good example for TRAP
pattern)
14:18 PM: Moved
SL to 9598
14:27 PM: Moved
SL to 9605, near to cost
14:50 PM: Moved
SL to 9607, to cost.
15:22 PM: Auto
squared off at 9624
Points earned: +17
Good entry as sentiment was bullish. BOF worked well. Proper entry at base of the range.
ReplyDelete