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.