Went long on TST of PDH which ended as a scratch. BOF of PDH and DB moved well . Counter trend BOF was a disaster. Rest of the day Nifty traded in a TTR which I like to call Barbed Wire Pattern.. I will make a separate post on this.
Hard and fast rules will not work in markets. Every moment in the market is unique. Today's gap up requires a different approach . If you try to go long on Bar 5, you will get stopped out.