Friday, August 8, 2014

08 - 08 - 2014



Market Commentary:

  1. Gap down of 50 points.. IR 7602-7582
  2. Shorted BOF of IRH/BRN.. exited at cost later
  3. Another BOF or IRH/BRN short.. momentum below LOD
  4. Exited when back into IRL.. no much momentum on down side
  5. Will look for long above BRN if PP kind of develops
  6. Did Not attempt any other trades, as i was away.

Trade1: (9:53 candle)
Short at 7597, as BOF of IRH/BRN.. with initial SL 7602
Moved SL to 7585, as no momentum to break IRL
Trail SL hit; exited trade at cost

Trade2: (11:17 candle)
Short at 7598, as BOF of IRH/BRN.. with initial SL 7602
Moved SL to 7596, break even.. as LOD supporting again
Moved SL to 7591, above high made before breaking IRL
Moved SL to 7583, above IRL
Trail SL hit; exited trade with gain of 13 points

Points earned : +13

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