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 16 April 2014

Intraday Trades - 16.04.2014

Intraday: Was having Bearish bias today due to upcoming holidays. Mkt opened below PDC & i was expecting a BOF from there, but a sharp upmove came with no signal to enter.
1) Long on the Pullback to PDC with rising MBB. Closed at the Tag on UBB.
2) Short on BOF of Day's High. Closed when price formed a range at PDC.
3) Again a Short on break of PDC as continuation of earlier BOF. Closed in the second green candle forming a range.
4) Another probable short on BOF of range high, which i didn't take as it was already 3.

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