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 6 August 2014

Intraday Trades - 06.08.2014

Intraday: Trend was up with Initial range near PDC. IRH & IRL formed. I was thinking of a BPB on IRH, but reverse happened.
1) Short on BOF of IRH. Closed at IRL & reversed.
2) Long on BOF of IRL. SL hit.
3) Short on BPB of IRL. Closed at BRN.
No good trades..

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2 comments:

  1. Unknown6 August 2014 at 20:32

    Hi Deven

    One of such days where there is no commitment from either side.

    Thanks
    TBP

    ReplyDelete
    Replies
    1. Deven Malhotra7 August 2014 at 00:02

      Hi TBP,

      Indeed a bad day for intraday traders like us. Its reminding of old days, but it has made an Inside candle in daily chart & a hammer in 15 min chart. Hoping for a small upmove in the morning. lets see tomorrow how it unfolds..

      Thanks,
      Deven Malhotra

      Delete

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