06-11-2014

06-11-2014

06-11-2014

Daily in Trending mode , major trend is down. 

30 Min. chart also in trending MOde , major trend is UP 

Yesterday movement is Upword direction ,close 2.5 % UP 

Key to watch

PDH & 4900 

PDC

Market open 30 point down 

IRL AND Days low 4820

IRH Break on upside 

Price barbed around IRH 

for trade :- PRICE out of range Around PDH or IRL 

No trade IN between 

Want to sell 4820 but not filled order ...miss the rate Price bounce back to IRL , let see what is next 

there is good set-up for scalping 

Short for BRN 

Trade :-1 BPB OF IRL 

Short 4815 with SL 4820

SL hit 4820 

NET= -5 Point LOSS 

 PRICE again bounce back to IRL 

DRIFT down to BRN 

BELOW THAT MSP 

look price  behaviour around it and only after that 

take a trade 

Trade 2:- BPB OF MSP 

Short 4793 WITH SL 4805 

SL triggered 

NET=- 11 Point Loss 

TOTAL=-16 Point Loss

Two SL hit ...NO more trade today