26 - 08 - 2015

*** Just paper trades to test my sync with markets ***

Market Commentary & Trade Log:

1. NF gapped down 60 points... below yesterday closing range
2. Looks like BOF long possibility at BRN (8800), will wait for re-test to confirm safe bet
3. No PB, and sharp rally till PDH
4. Drawn red zone (7915-7900), will see price action at this zone... which is nothing but PDH and BRN
5. Biased on down side, will look for BOF short
6. Trade 1: BOF of BRN/PDH short at 7896 with initial SL 7917
7. No good fall happening, moved SL to 7903
8. Stalling near RN (7950), moved SL to 7894; Break Even.
9. Moved SL to 7870, as NF seems taking support at earlier swing low 7835
10. Exited with gain of 24 points
11. Drawn supper zone 7805 – 7791; will look for PA here or Red zone. No fiddle in middle
12. Fluid below BRN (7800), look for BPB short; preferably below DL
13. After BO candle of BRN (7800), TST if DL as well…price quickly reversed
14. Wait for swing high to be formed and a TST to BRD... to go BOF long above swing high (Or) BPB short below DL due to fluid existence.
15. No decisive up move after BOF
16. Broke down below DL, too late to take the trade
17. Done for the day.

Points earned:  +24