This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis
Nifty opened within previous day range and moved up. BOF of PDC was too quick to capture. Skipped BOF of IRL as the trade was CT and against a quick down move. Shorted BOF of PDC,RN,IRH. But I was shaken out. Shorted below the IRL and it moved well. BOF of LOD was also a good trade.