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.