Trend (Daily) Up
Today's open Full gapup of 44 points with trend, also above BRN 7700
Initial move Down
Initial Range Formed, above all ranges
Feeling is that should go long as everything suggests price is going up
Where? Go long above IRH as BPB PDH BRN
Space FTP is NS BRN, about 10 points away, but will be in all time high zone
Order flow Not much significant, but maybe new poistions get added
Risk 15 points if SL is kept below IRL
Conclusion: SCORE is not much favorable, but try to attempt with little risk, keeping the SL below BO bar, as trend, open and all time high zone favor.
1) BPB PDH BRN: Entered above the high. Initially it resisted around NS BRN, then went up. Booked when it started hoovering around NS BRN. Profit of 6 points.
2) BPB HOD: Went long after the formation of PP. Again here RN was near, but it finally broke it. Booked when it came back below RN. Profit of 9 points.
TRADE SCORE helps me a lot in assessing the situation and taking the informed decision. It keeps the emotions away.
Does it help you?