Wednesday, 31 August 2016

BAR REPLAY - 01JUL16

BIG PICTURE

  • PRICES ARE IN UP TREND FOR THE PAST 7 DAYS.
  • PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE AND WAS A COMPLETE GAP-UP DAY YESTERDAY.


















TRADING DAY

  • 10:05 - LONG TRADE AT BPB OF RN 8350. E-8365. ISL-8347.
  • 10:50 - ISL2 AT 8356.
  • 11:06 - 1 HOUR INTO THE TRADE IT IS STILL NEAR ENTRY.
  • 11:42 - SCRATCH TRADE AT 8360. POINTS -5
  • 12:15 - BOF AT RL. GOING LONG BO OF DH. E-8375. ISL-8355.
  • 12:33 - ISL2 AT 8362.
  • 12:43 - ISL HIT. POINTS -13



















2 comments:

  1. Guru

    The ideal BPB entry for first trade is above the fifth red candle high. You entered into the trade too late.

    Another important thing, whenever the prices form a narrow range like this above PDH, try to look for BOF of range low to initiate buy. It gave two chances to enter that way in that range and both of them could reach range high.
    URD

    ReplyDelete