2 Trades both Scratched.
1> Initial Move to upside unable to sustain above PDC.
3> Short trade.
4> Not able to move as expected. Back inside DO range. hmm
5> Trade scratched.
6> can this for a PP set up to break below ?
7> Good up move why stalled at top ?
Is it a range day can I expect a BOF on TOP ?
DO can Act a FTA for this trade.
8> Crazy PA should wait for more feel.
9> Why is IRL coming into picture now . This is also DP -- DO. hmm interesting.
10> Why such a strong move ?
11> There could be OF to take this higher. It is not set properly so avoiding
Good strong BO will it give a pullback or just takeoff from here. If it takes off should let it go.
12> Why such a deep pullback. This could be BOF or a new small range on top.
13> Looks like Good BOF failure. Risk management will be issue. what to do
Also this could act as a range also.patience is the king :)..
Also MC candle might act as range. Will avoid taking any trade here.
14> Reached other extreme without giving a good entry. Looking at this this might give a PP set up or a BPB.
BPB is ruled out. is PP a good bet ?
Potential for PP trade. Lets see
15> Short at 40. Target will be 8601. Measured Move in picture. Provided PDL gives in. Looking at Trend strength it looks to Break.
16> Trade Scratched at the pivot.
17> 3 things can happen either reversal where in we can go long at the range with a BPB entry or a BW or the Trend might continue to reach our Target (part of the game).
Looks like BW will continue for rest of the session. Cannot take a PP trade as we didn't get BOF. Best is to close the trades.
Done for the Day.