Monday, February 22, 2016

22 - 02 - 2016 (Nifty)




  1. IR formed just below PDH
  2. BPB long of PDH, but SL 15 points. Avoiding it. Will see if BOF PDH comes
  3. Trade 1: BPB short of PDH at 7222 with initial SL 7232; FTA DL just 7 point away. Ready to scratch
  4. Moved SL to 7225; above PB high after nice pin bar at LOD
  5. Exited with loss of 5 points
  6. Looks like BW formation around PDH now; will avoid fiddling with middle, watch out DH/DL as range now
  7. 7207-15 is earlier resistance zone, acted as support today. Let’s see how it unfolds if another attempt to break LOD happen
  8. Whoever entered BPB of DH longs, must have their SL below PB low after BO candle; will attempt short there
  9. Trade 2: BOF of DH short at 7242 with initial SL 7252
  10. Moved SL to 7240
  11. Exited at cost



Net: -5

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