Saturday 30 July 2016

BAR REPLAY - 01JUN2016

BIG PICTURE

  • PRICES ARE IN UPTREND SINCE LAST 1 WEEK AND ARE FINDING RESISTANCE NEAR 8250 LEVELS.
  • PREVIOUS DAY DAILY CANDLE IS IN DECLINE MODE. BIAS IS DOWN GOING INTO THE DAY.












TRADING DAY BAR REPLAY

  • 10:08 - PRICES OPENED AT BRN, ATTEMPTED TO GO BELOW PDL, COULD NOT SUSTAIN AND IS NOW TRADING WITHIN PREVIOUS DAY'S RANGE.
  • 13:15 - PRICES HAVE BEEN TRADING IN A RANGE OF 35 POINTS AROUND DO, BRN, PDC.
  • 15:30 - NO TRADES TAKEN. PRICES HAVE REMAINED IN A RANGE OF 60-70 POINTS FOR THE PAST 3 DAYS.



















Thursday 28 July 2016

BAR REPLAY - 05APR2016

BIG PICTURE

  • PRICES ARE IN UP TREND SINCE LAST 1 MONTH.
  • PREVIOUS DAY'S DAILY CANDLE IS IN RALLY MODE.




















TRADING DAY BAR REPLAY

  • 10:00 - PRICES OPENED BELOW PDL, THEN MOVED BACK INTO PREVIOUS DAY'S RANGE FORMING A NARROW RANGE AT THIS LEVEL. IRH FORMED.
  • 10:34 - PRICES MOVED DOWN THROUGH PDL. DO IS HOLDING.
  • 11:13 - 60 POINT RED CANDLE HAPPENED AT 11:00 SIGNIFYING STRENGTH IN DOWN MOVE.
  • 11:16 - IRL HAS ACTED AS FLIP SINCE MORNING. NOW THERE IS BOF FROM THERE. ENTERING SHORT. E - 7734, ISL - 7746.
  • 11:20 - TRADE FILLED.
  • 11:23 - PRICES ARE AT BRN 7700. CONSIDERING MOVE HAPPENED WITHOUT ANY PULLBACK, WILL NOT EXIT TRADE, BUT MOVE SL TO 7726 ABOVE LAST CANDLE HIGH.
  • 11:29 - PRICES PIERCED THROUGH BRN 7700, BUT STALLING AT DL BY FORMING LONG WICK. MOVING SL TO BRN 7700.
  • 11:37: TSL HIT.
  • 12:23 - PRICES ARE STALLING AT DL. HOWEVER, PRICES HAVE ALREADY MOVED BY 100 POINTS, THEREFORE NOT CONFIDENT OF GOING SHORT FROM HERE.
  • 13:32 - DOWN MOVE HAS LOST MOMENTUM. DOUBLE BOTTOM HAS FORMED. DL AND RN ARE HOLDING. GOING LONG ABOVE FLIP 7660.
  • 13:35 - TRADE FILLED. E - 7661. ISL - 7644.
  • 13:59 - ISL HIT.
  • 15:30 - DID NOT TAKE BOF OF FLIP THINKING DOWN MOVE HAS BEEN EXHAUSTED.




Wednesday 27 July 2016

BAR REPLAY - 16MAY2016

BIG PICTURE

  • PRICES ARE RANGING FOR PAST 1 MONTH. 
  • PREVIOUS DAY DAILY CANDLE IS IN DECLINE MODE. PRICES TESTED 8000 AND ARE CONSOLIDATING AT THIS LEVEL.




TRADING DAY BAR REPLAY

  • 10:40 - PRICES HAVE FORMED RL ABOVE BRN, PDL AT 7810. DOWN MOVE DOES NOT HAVE ENOUGH MOMENTUM.
  • 11:00 - PRICES BROKE OUT OF RL AND HAVE PIERCED BRN  AND PDL. TO GO BPB SHORT OF PDL.
  • 12:58 - PRICES BROKE DOWN THROUGH PDL. TO ENTER BPB OF PDL.
  • 13:06 - TRADE NOT FILLED.
  • 13:14 - PRICES TESTED PDL SEVERAL TIMES AND THEN THERE WAS BOF. tHOUGH LOOKING LIKE A REVERSAL, NOT PLANNING FOR LONG TRADE AS THERE ARE LOT OF LEVELS IN THE WAY UNTIL PDC.
  • 14:03 - 7810 IS ACTING AS FLIP. 
  • 14:23 - PRICES ARE IN UP TREND. PRICES HAVE TRAVELLED FROM PDL TO PDC. GREEN BARS ARE WRBS AND  HHs AND HLs HAVE FORMED. BUT WILL WAIT FOR ACCEPTANCE ABOVE RN 7850.
  • 14:57 - WAS NOT ABLE TO ENTER BPB AT RN. BREAKOUT CANDLE RANGE WAS 35 POINTS. R:R RATIO WAS NOT FAVOURABLE.
















Tuesday 26 July 2016

BAR REPLAY - 16FEB2016

BIG PICTURE

  • TREND IS DOWN SINCE LAST 1 YEAR. PRICES ARE RALLYING FROM LAST SWING LOW 6900.
  • PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE AND HAS COMPLETELY GAPPED UP.
















TRADING DAY BAR REPLAY

  • 09:31 - PRICES OPENED AT BRN AND STARTED MOVING DOWN TOWARDS PDC. CLOSE TO PDC, RN HAS HELD TWICE THE PREVIOUS DAY. LOOKING AT GOING SHORT IF PRICES ARE ACCEPTED BELOW BOTH PDC AND RN.
  • 09:41 - PRICES BROKE OUT AND A PULL BACK CANDLE IS FORMING. TO GO SHORT AT BREAK OF LOW OF BREAKOUT CANDLE.
  • 10:00 - TRADE NOT FILLED. PRICES REVERSED AND ARE ABOVE PDC. NOT AIMING FOR LONG AS THERE WAS CONGESTION ON PREVIOUS DAY BETWEEN PDC AND PDH.
  • 11:23 - SELLERS ARE STRONG BUT THEY DO NOT HAVE ENOUGH MOMENTUM AND PRICES ARE NOT BEING ACCEPTED BELOW RN 7150. TO GO SHORT IF DL IS BROKEN.
  • 11:25 - SHOR TRADE ENTERED . E - 7135, ISL - 7147
  • 12:01 - ISL HIT.
  • 13:13 - RL FORMS NEAR BRN 7100.
  • 14:05 - RANGE ESTABLISHED BETWEEN RN 7950 AND DL 7110. BIAS IS STILL DOWN, BUT MOVE STREGTH IS WEAK AS PRICES ARE IN CHANNEL. STILL LOOKING FOR SHORT TRADES, UNLESS THERE IS CLEAR SIGN OF REVERSAL.
  • 14:18 - PRICES BROKE OUT OF RL AND BRN AND PULLBAK HAS FORMED. PLANNING TO ENTER INTO BPB SHORT TRADE.
  • 14:21 - TRADE FILLED. E - 7090. ISL - 7105.
  • 14:35 - ISL ALMOST HIT, THEN PRICES MOVING DOWN TOWARDS PDL 7060. 
  • 14:42 - PRICES BRECHED PDL. COULD HAVE TAKEN PROFIT, BUT WOULD LIKE TO TRAIL THE TRADE. SL MOVED TO MSP 7073.
  • 15:06 - PRICES STALLING AT RN. CLOSING TRADE AT 7060.
  • 15:13 - TP HIT.


Friday 22 July 2016

BAR REPLAY - 20JAN16

BIG PICTURE

  • PRICES IN DOWNTREND.
  • PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE.

















TRADING DAY BAR REPLAY
  • 10:00 - PRICE OPENED BELOW PDL AND WENT DOWN TO BRN 7300. BIAS IS DOWN. THERE WAS BOF OF BRN. NOT PLANNING TO GO LONG AS BIAS IS DOWN.
  • 10:15 - 7320 CONFIRMED AS RANGE HIGH.
  • 11:58 - PRICE BREACHED BRN 7300. TO GO SHORT AFTER BREAK OF DL 7287.
  • 12:08 - TRADE NOT FILLED.
  • 12:33 - FORMED LHs, LLs IN THE LAST 1 HOUR AGAIN CONFIRMING DOWNWARD BIAS. TO ATTEMPT SHORT AT BREAK OF DL.
  • 1:31 - TRADE FILLED. E - 7285, ISL - 7305
  • 14:06 - MOVED SL TO MSP 7288.
  • 14:17 - PRICES STALLING AT 7260-7265. PLANNING TO CLOSE TRADE AT 7255.
  • 14:22 - TP HIT.

Thursday 21 July 2016

BAR REPLAY - 27th Oct 2014

BIG PICTURE

  • OVERALL TREND IS UP. PRICES HAVE RESISTED AT HIGH OF 8200 AND HAVE BEEN CORRECTING FROM THERE SINCE LAST 1.5 MONTHS. 7950 IS STRONG SUPPORT AS 3 GAP-UPS HAVE HAPPENED HERE IN THE LAST 2 MONTHS.
  • PREVIOUS DAILY CANDLE IS IN RALLY MODE AND HAD FULLY GAPPED UP.





TRADING DAY BAR REPLAY

  • 09:50 - PRICES OPENED WELL ABOVE PDH, PDC LEVELS, COULD NOT SUSTAIN AND ARE NOW TRADING NEAR THESE LEVELS FORMING IRL.
  • 10:19 - PRICES BROKE OUT OF IRH. GOING LONG ON BPB OF IRH.
  • 10:20 - TRADE FILLED. E - 8043. ISL - 8029.
  • 11:00 - PRICES DIDN'T MOVE FAVORABLY. MOVING SL TO MOST RECENT SWING LOW.
  • 11:11 - TRADE SCRATCHED AT TSL 1.
  • 11:33 - PRICES ARE FORMING LLs AND LHs AND ARE APPROACHING PDC,PDH LEVELS.
  • 12:33 - BOF AT PDC. PRICES TRADING IN 15 POINT RANGE FOR PAST 1 HOUR.
  • 13:45 - HAVING TRADED IN 15 POINT RANGE FOR 2 HOURS PRICES HAVE BROKEN DOWN THROUGH PDC.
  • 13:54 - PULLBACK FORMED. GOING SHORT BELOW WICK OF BREAKOUT CANDLE.
  • 13:56 - TRADE FILLED. E - 8017. ISL - 8025
  • 14:13 - ISL HIT
  • 14:40 - PRICES TESTING BRN 8000. BIAS IS STILL DOWN BECAUSE RECENT RED BARS ARE WRBS.


Wednesday 20 July 2016

BAR REPLAY - 12th Sep 2014

BIG PICTURE

  • Overall Trend is up.
  • Prices are ranging and taking support at all time high 8200.
  • Previous day is in decline mode.


















TRADING DAY BAR REPLAY

  • 09:44 - Price opened below PDC and is trading within previous day's last trading impulse. Prices were forming LLs and LHs and have now taken support at DO. Likely start of up move?
  • 10:07 - Price pierced down through PDC. LLs and LHs are in place. Downtrend is intact.
  • 11:14 - BRN has been broken, so down trend has momentum. To enter short trade at break of pullback.
  • 12:00 - Trade not filled. Prices reversed from BRN. 
  • 13:05 - After reversal, prices are moving in channel. No momentum in up trend. PDC acting as Resistance. Prices are in 20 point range so far in the day.
  • 13:53 - Price shot up through PDC. To go long BPB of WRB high. 
  • 14:31 - Trade filled. Entry - 8127. ISL - 8118. Not a high confidence trade as it took 30 mins for trade to get filled.
  • 14:42 - SL moved to MSP. TP at RN 8150
  • 15:03 - Prices rejected twice at RN 8150. TP at 8140.












Tuesday 19 July 2016

BAR REPLAY - 22nd March 2016

BIG PICTURE

  • Trend is Up.
  • Previous day candle is in Rally mode



TRADING DAY BAR REPLAY

  • 9:50 - Price opened below PDC and has formed IRL at 7683.
  • 10:00 - IRH established at 7695.
  • 10:08 - Opening Candle acting as MC. RH confirmed. To go short below RL(MC low).
  • 10:30 - Trade did not get filled. Price broke out above RH and is approaching PDC,PDH levels.
  • 10:53 - Ascending triangle pattern forming. Also HHs and HLs are forming. Buyers are gaining strength. To go long at break of PDH.
  • 11:30 - Prices could not break out above PDH. However, bias is still up as HHs and HLs are intact.
  • 12:20 - Prices have formed channel at PDC.
  • 12:30 - Prices have tested PDC twice since market open and that level has not yielded. Prices have then moved down towards BRN 7700 which has been acting as flip so far. To go short below 7695 which is previous Swing Low.
  • 12:38 - Trade got filled. ISL at previous Range extreme at 7705. 
  • 12:44 - SL almost got hit :( 
  • 13:27 - Moving SL to MSP 7692.
  • 13:57 - 7670 is acting as RL. TP here.
  • 14:23 - Prices took support at 7670 and started moving up towards BRN. 
  • 14:52 - Prices are not staying accepted above BRN 7700.
  • 15:30 - Prices pierced through BRN,PDC,PDH, but was not planning to to go long as all these levels were very close and it was fag end of the day.
Note: In hindsight, the last up move followed the pattern of - 1.Orderly Pullbacks, 2.Fag end and 3.Test of extreme.
 

Saturday 16 July 2016

BAR REPLAY - 19th May 2010

BIG PICTURE

  • Overall trend is down for the last 1 month. 4975-5000 acting as Support.
  • Daily candle is in Rally mode.

















TRADING DAY BAR REPLAY
  • 09:30 - Market opened full gap down and is looking at breaking BRN 5000 on downside. Bias is down. To enter short trade at break of Opening candle Low of 4992
  • 09:54 - Short trade filled. ISL - 5010
  • 10:27 - SL Hit.
  • 11:00 - Prices moved up forming HHs and HLs and are testing PDL.
  • 11:22 - Complex pullback happened and prices are moving down towards BRN 5000.
  • 13:33 - Price broke down through DL and is approaching past Support 4975. To go short at BPB.
  • 13:48: Going short after complex pullback and break of RN 4950
  • 13:51 - Trade filled. ISL - 4961
  • 14:12 - Price moving in favourable direction. TSL moved to previous MSP 4956
  • 14:23 - TSL moved to MSP 4936
  • 14:57 - TSL moved to MSP 4925
  • 15:00 - Price moving towards BRN 4900. TP placed here.
  • 15:14 - SL 4925 hit.


Thursday 14 July 2016

BAR REPLAY - 5th Feb 2013

BIG PICTURE

  • Trend is Up. Prices have been in 100 point range in the last 1 month. For the last few days prices are in down-trend, have formed lower lows and have reached Support of 5980-6000.
  • Daily Candle - Overall Trend is Up. Currently prices are ranging and are taking support at all time high 6100. Previous day candle is in decline mode.


















TRADING DAY BAR REPLAY

  • 10:00 am - Price opened well below BRN,PDC,PDL. Past level 5980 has acted as Resistance so far. Bias is Down.
  • 11:00 am - Prices have broken up from 5980 which is acting as Flip. Waiting for BOF of PDC/PDl before going short.
  • 12:00 pm - Price broke down from Flip 5980, pulled back. Looking to go short at break of RL 5970
  • 12:26 pm - Short trade filled at 5970. ISL - 5981
  • 12:56 pm - SL hit.
  • 13:30 - Prices are taking support at Days low 5965.
  • 13:44 - Prices broke through Flip 5980. To wait for BOF of PDC/PDL to go short and ride till 5965?
  • 13:53 - BOF of PDL. To enter short after break of 5980.
  • 14:08 - Short trade filled at 5980. ISL - 5993.
  • 14:44 - SL moved to 5983.
  • 14:59 - BOF of DL. Profit booked at 5970.
  • 15:30 - Prices drifted within day's range until markets closed.

Wednesday 13 July 2016

BAR REPLAY - 12th Sep 2012

BIG PICTURE
  • Overall Trend is up.
  • Daily Candle is in Rally mode.



TRADING DAY BAR REPLAY

  • 09:40 - Price gapped-up above PDH and has traded within the range of initial master candle.
  • 11:30 - BOF of IRL. Waiting for IRH to be taken out before going long
  • 12:18 - Price broke out of IRH and Pullback is forming. To go long above BO candle High of 5432.
  • 13:00 - Trade did not get filled. Price is forming a new RL at 5415.
  • 13:10 - BOF of RL and TST of PDH. To go long at break of RH at 5430
  • 13:40 - Big red candle. Looks like sellers are gaining momentum. Lower Lows are formed at 5415, then 5410 which is now being broken. PDH,PDC,BRN is in the way of down move, so waiting before going short.
  • 13:50 - BOF of PDC. To go long above 5430
  • 13:53 - Trade filled. ISL - 5410
  • 15:08 - SL moved to MSP 5432
  • 15:14 - 5450 likely acting as resistance, moving TSL to 5440.
  • 15:24 - Closing Trade at 5450