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.

Friday 4 April 2014

Intraday Trades - 04.04.2014

Intraday: As per me, Mkt is in correction mode, so will either consolidate or will go down for 2-3 days. Daily TF MSP is too low to be broken. A Pivot needs to be made here. Was Bearish Today, but mkt didn't give any oppportunty in the morning & stopped at PDL.
1) Long on BOF & FTC after a Consolidation. Closed with sharp Red candle.
2) Took a Risky short as BOF as price was immediately rejected from PDH. Got out with few points in consolidation with few points.
3) Another Short on retest of range low. It was already 3:00, so covered with 1st bullish candle at PDL with no profit.

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