my reading once again ...
Monday, 11 August 2014
Trade 1: BO-PDH hit SL
Trade 2: BOF-IRL was a good trade...
Observe the DP signal coinciding with IRL.
Today was an inside day in the LT -spot. It is normally followed by range break out.
Just for my reference..Im bearish as there is opening gap downside on 8/Aug/2014
Sunday, 10 August 2014
Thursday, 7 August 2014
As per the reading in the chart, 2 SLs hit.
If you carefully observe, the 1st trade need not be taken. Though it is a BO-PDL, it need not be taken as the IRL is very near & there is very little space for the trade to move ...
BOF-PDL - SL hit
BOF- PDL - moved well.. but the previous trade made it nervous...
3rd trade :
BOF-PDH .... This trade moved well. See the coincidence of the DP signal with RSI sell... the probability is hig