*** Just paper trades to test my sync with markets ***
Market Commentary & Trade Log:
- Daily in decline mode and NF in big trading range
- NF opened at RN (7850) and sold off
- Couldn’t capture sharp fall, as I waited for IR formation (There is good BPB short at 2nd candle, with 8 point risk)
- BOF of BRN happened, it is long tail pin bar... not comfortable, will wait for better trade setup
- Trade 1: BOF of DO/RN short at 7844 with initial SL 7852
- Moved SL to 7833 (above high of small range), once swing low broken
- Moved SL to 7807, above PB high made after BRN BD candle
- Exited with gain of 35 points
- Will wait for range formation above BRN for further trade clues
- Range is forming above BRN, but in vertical fashion J … I have no clue how to trade channels... will avoid as these seems vertical BW’s to me... not my cup of tea (if at all tradable)!
- Trade 2: BOF of BRN long at 7805 with initial SL 7796
- Trade 3: SAR’ed seeing price not accepting into morning range with initial SL 7804
- Not confident on Short here took chance expecting many longs will have SL at this level (7797 is low of many candles)
- It worked; went to PDL smooth
- Moved SL to 7783; above PB high... as NF getting rejecting below PDL
- Broken PDL as well, fluid exists below PDL... sharp fall possible
- Moved SL 7763; high made before PDL BD
- Exited at 7740 with gain of 54 points
- Done for today
Points earned: + 78
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