17042015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
Nifty opened near PDC and tried to move up. Did not take the BOF of PDC as BRN was close. missed the down move. Tried a long on BOF of PDL and it got rejected from BRN. Closed the trade at a small profit. then it was a BW type move around PDL. Missed the last down move as there was no clear pattern