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.

Thursday 6 March 2014

Intraday Trades - 06.03.2014

Intraday: Mkt Open up. Moved down sharply & took a bounce from PDH.
1) Took a Long on BOF of PDH, when price crossed Day's open. Closed at FTC of UBB at no loss. It moved down forming a Range.
2) Long on the Hammer on LBB. Closed when an inverted hammer formed on UBB. Was looking for a short entry after Inverted hammer, but price didn't give any followup.
3) Long on BPB of Range High, when candle close Outside UBB. I was expecting it to go till BRN 6400, but it moved higher. Was cautios as mkt was at all time high. Closed at my SL in Big Red Bar. 30 pts.
No further trade..

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