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 



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