August 5, 2014
August 4, 2014
Hindalco Aug Future 5 min Chart
Today BNF trade stopped out due to tight stop loss.
Missed earlier oppertunity to short Hindalco at 188 on IR(initial range) BOF(breakout failure).
Bought at BPB @187.25, and took profit early at 190.5 at closing hours.
Decision to buy was prompted due to size of candles during correction from days' high of 189.30 to 186. The candles were small. The correction took more time than value. It was bouncing from a 61.8% level of previous rise from 184.3 to 189.3.
August 1, 2014
BNF Aug
BN Aug Future 5 min chart. Bought on greeen candle close above pivot at 15296.
Initial SL at 15210, revised to 15240, then trailed to 15280.
Took profit at 15360. Gain 64 points gross.
Went above the green line. Now waiting to short below this line
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