Friday, 5 August 2016

BAR REPLAY - 08JUN16

BIG PICTURE
  • TREND IS UP. PRICES HAVE BROKEN OUT OF PREVIOUS RANGE OF 3 DAYS AND ARE TRADING BETWEEN 8270-8320
  • PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE.




















TRADING DAY
  • 10:02 – PRICES HAVE BEEN TRADING WITHIN LAST TRADING IMPULSE OF PREVIOUS DAY. NOT LOOKING FOR LONG TRADES UNLESS PDH IS BROKEN. LOOKS LIKE SHORT TRADES HAVE MORE PROBABILITY IF PRICES ARE ACCEPTED BELOW PAST RESISTANCE 8270.
  • 12:42 – DO AND PDC ARE NOT RELEVANT DPS AS PRICES ARE ZIG-ZAGGING THROUGH THEM. CURRENT RANGE IS 8270 TO BRN 8300.
  • 14:23 – PRICES BROKE DOWN THROUGH PAST LEVEL 8270. TO GO SHORT IF PRICES ACCEPTED BELOW OR LONG IF ACCEPTED ABOVE THE BO CANDLE.
  • 14:42 – LONG TRADE FILLED. E-8280, ISL-8268.
  • 14:58 – PRICES CAME BACK THROUGH ENTRY LEVEL. SCRATCHING TRADE.

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