Market Commentary:
- 45 points CT gapup; IR 7641 - 7630
- Broke down below IRL
- Lower range formed 7630 - 7616
- BOF of IRL long can be attempted as PP into higher range (IR) with small SL.. if not comfortable with BO, BPB can be looked for.
- Entered BOF short.. FTA LOD..
- Will scratch if not sustain below 7622
- Back into IR.. will look for PP long or BPB long above IRH.. CM is short, good short cover may come above HOD. FTA is 7650 which is low made on last thursday.
- Will trade next signal at IRH or PDH.. no trade in b/w
- Finally NF broke LOD.. back into range immediately.
- Attempted BOF long
Trade1: (11:17 candle)
Short at 7626 as BOF of IRL, with initial SL 7632
Moved SL to cost, as no momentum
Trail SL hit; exited trade with loss of 2 points
Trade2: (15:02 candle)
Long at 7622 as BOF of LOD, with initial SL 7614
Moved SL to 7624, break even.. after green candle into IR
Moved SL to 7638, below IRH
Exited trade at 7645, with gain of 21 points