Positional: 6200 ~ 6260 is a decision area. There is a clear Gap acting as Resistance. OI is also building up in favor of Shorts. Planning to short positional at this area (only Concern is close above UBB in daily chart)
Intraday: Trading options due to expiry week. First Candle was a big Hammer. Price stall there for a while, but didn't cross the LOD.
1) Long when price closed above UBB. It was a follow up candle of break of Day's open & a small range. Closed, when a range formed around 6210.
2) Another long on BPB of range high. This didn't move as expected & closed with just 3 pts.
3) MBB was continuously up so looked for Longs only. A possible trade was TRAP of Major Swing point, which didn't take due to lack of time.
20140224153626.png)
Intraday: Trading options due to expiry week. First Candle was a big Hammer. Price stall there for a while, but didn't cross the LOD.
1) Long when price closed above UBB. It was a follow up candle of break of Day's open & a small range. Closed, when a range formed around 6210.
2) Another long on BPB of range high. This didn't move as expected & closed with just 3 pts.
3) MBB was continuously up so looked for Longs only. A possible trade was TRAP of Major Swing point, which didn't take due to lack of time.
No comments:
Post a Comment