Market
Commentary
9:34 PM: Price opened
near PDC, attempted PDH…gave BPB of PDC signal, ignored as I am expecting some
range formation or consolidation before any decisive move. we have seen good
trend day yesterday.
9:38 AM: IR
(9638-17) formed with in PDH/PRL, coinciding with closing range. bullish bias
above PDH/IRH.
9:50 AM: Trade 1 – BPB of PDH / IRH long at 9638
with Initial SL 9628, FTA RN 12 points away. Will attempt as the signal is
coming with trend and above PDH
10:00 AM: Moved
SL to 9632, as PDH acted as support/flip during PB. To continue bullish bias,
this level should hold
10:13 AM: Exited
with loss of 8 points
10:25 AM: BOF of
PDH short signal, ignored as price may be forming BW and I just had a hot. Need
to take a break
11:30 AM:
9618-9600 is 2nd range formed, below morning range 9643-18. Will
look for good signals at lower range extreme now.
12:45 PM: Missed
BOF of BRN signal as I was away from desk
14:12 PM: 3rd
attempt to break PDH seems to be failing, as 2 upper tails formed
14:20 PM: Trade 2 – BOF of PDH short at 9631 with
Initial SL 9637, FTA swing low 9620 is 10 points away, will look to scratch if doesn’t
work
14:40 PM: Moved
SL to 9635, price refusing to go away from PDH
14:42 PM: Exited
with loss of 6 points
14:45 PM: Done
for today, as 2 SL hit.
Points earned: -14
