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.

Tuesday 29 April 2014

Intraday Trades - 29.04.2014

Intraday: Mkt made a fast downmove just after opening. No reliable signal to enter. Waited at sidelines. price made a Hammer on LBB in ranging mkt. Waited to enter long after such a downmove. I was expecting TRAP at  RH. Price broke RH & stayed there for a while.
1) Long on the Break of RH. Closed at a Tag on UBB at PDL.
2) Short on the break of MSP, as the bias was negative. Trade didn't work as expected instead triggered as a TRAP eating my SL.
3) A Short on the BOF of BRN & PDL. Closed at RL. Quick 15 pts in options.

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