Market
Commentary
9:20 AM: DO above PDC, with in yesterday range. IR (9400-9380)
formed above closing range. Will wait for range formation.
10:12 AM: Price broke IR, but failed to sustain. Will wait for one
more failed attempt to initiate BOF of IRH/BRN short
10:20 AM: Price sustaining above IRH/BRN now. BPB of BRN long
possibility as FTA is 35 points away & expecting short covering rally.
10:40 AM: Trade 1 – BPB of
IRH/BRN long at 9408 with initial SL 9398, FTA is PDH 35 points away
10:55 AM: Moved SL to 9404, below swing low
12:04 PM: Moved SL to 9406
12:19 PM: Moved SL to 9409
12:44 PM: Exited with loss of 1 point; 9421-05 is the range formed
in last 2 hours, will wait for PA at DH/RH for next clues
14:10 PM: Above PDH, price spiked 30 points in single candle.
15:10 PM: Unfortunately, price rallied 100 points after taking me
out.
Points earned: -1
