Tuesday, 6 October 2015

06 Oct 2015, Tuesday


Prices opened Full Gap Up on the day and initial Bias was UP. Took first trade Long in the direction of Bias but the Location was not an DP. Closed the trade with a small loss of 7 Points (including Brokrage). Prices Re-tested the PDH and RN DP. It was a Good setup to enter short but did not enter as I was already in long position.

Prices approached to the MSP-8125 and the most of the bars were overlapping bars which shows a range in market. Entered Long on Second BOF of Day Low and MSP-8125. Prices moved up and after breaking the MSP prices came down rapidly and hit my SL.

By this time, I noticed that prices are moving in a descending channel and decided to buy on BOF of Channel Low Line. BOF of Channel Low happened and Entered Long. Covered the Position on FTA.
 

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