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 5 March 2014

Intraday Trades - 05.03.2014

Intraday: Today was a tough day. Too many signals with DP above/ below them.
1) Short on the break of Pivot low. Took it as BOF of range high with MBB down. Closed it, when it formed a Shooting star with follow up green candle. Didn't take Longs here due to MBB direction. Was expecting market to go till BRN as there was no DP in between.
2) Mkt Completed 3rd push as a Close outside LBB. Then there was a FTC & a close above MBB called for Long, but avoided. R:R not good as PDC, PDH were just above.
No reliable signal till end.

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