Wednesday 3 August 2016

BAR REPLAY - 07JUN16

BIG PICTURE

  • PREVIOUS DAY DAILY CANDLE IS IN DECLINE MODE. PRICES HAVE TESTED RECENT HIGH RN 8250 AND ARE RESTING THERE.
  • PRICES HAVE BEEN IN 100 POINT RANGE FOR PAST 7 DAYS. 



















TRADING DAY

  • 09:56 - PRICES OPENED ABOVE PDH, COULD NOT SUSTAIN AND HAVE SINCE BROKEN DOWN FROM PDH, BRN AND FORMING PULLBACK. TO GO SHORT BPB AT THIS LEVEL.
  • 10:21 - TRADE NOT FILLED. PRICES REVERSED BACK ABOVE BRN.
  • 11:43 - PRICES HAVE PIERCED DO AND HAVE FORMED PULLBACK. TO GO LONG ABOVE BO CANDLE HIGH.
  • 12:18 - TRADE NOT FILLED. 
  • 12:35 - PRICES BROKE OUT OF DO AND FORMING PULLBACK. TO GO LONG AT BPB OF DO ABOVE BO CANDLE HIGH.
  • 12:36 - TRADE FILLED. E-8280, ISL - 8267. TP - 8300.
  • 12:48 -  TP HIT.
  • 14:18 - PRICES TESTED DH THRICE AND WERE NOT ACCEPTED ABOVE. PRICES HAVE NOW CLOSED BELOW BRN. TO GO BPB SHORT AND AIM TO RIDE THE FLUID UNTIL DO.
  • 14:20 - TRADE FILLED. E - 8295. ISL - 8310, TP - 8270.
  • 14:40 - WAS LUCKY. ISL ALMOST GOT HIT. NOW PRICES ARE NEAR TP.
  • 14:46 - TP HIT.

NOTE: In hindsight, it looks like the correct location for 2nd trade was BOF of DH.



















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