I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Wednesday 12 February 2014

Intraday Trades - 12.02.2014

Intraday: Although US DJI was +200 pts, but Mkt gap up with a few points only making me think that its not gonna go Up more.
1) Long on the BOF of BRN, when price closed above MBB & sustained there. Closed when there was a Tag on UBB.
2) Short on the touch on Flip Zone when Support becomes resistance. Closed on Hammer at PDH.
3) Shorted on the break of Hammer. It was a Big Head & Shoulder Pattern. Although, I am not a fan of Price Patterns & usually prefer to trade against them. But assumed that many SL will trigger below PDH. Proved Wrong & ended with my SL.

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