Market Commentary:
PreMarket View :
9:37 AM - 100 point gap down; price refused to go down further.. IR formed (10657-10606)
BOF if IRH short would be with the trend if comes.
10:09 AM - Price sustained above IRH, HH-HL pattern visible now. Now how price behaves at PDH/PDC is important.. If that also taken out bias will change. Any strong rejection, will attempt short.
10:44 AM - Placed alert for price at 10697,, will look out for short as BOF of DH/BRN if comes
12:30 PM - AD Ratio increasing; NF unable to go down after minor rejection at 10700 last time.. Now attempting to concur the same. If sustained this time BPB of BRN is good attempt.. PDC/PDH is 35 point away
12:50 PM - Trade 1 : BPB of BRN long at 10710 with Initial SL 10694, FTA PDC/PDL 25 point away. Took with half of quantity.
1:15 PM - Exited with loss of 9 point
1:45 PM - Hesitated in shorting below 10694 after a TRAP; Closing the day,, i dont expect another better trade signal for today
Points Earned : -9
Indeed, the grinding movement was very difficult to trade.
ReplyDeleteAt what point you felt price will not go up and moved SL from initial Stop, because I took full SL of 16 points.
ReplyDeleteI also took 16 point loss.. but as i traded with half of usual quantity (being counter trend) mentioned loss as 9 points.
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