BAR REPLAY - 13JUN16

BIG PICTURE

• TREND IS UP. PRICES HAVE BEEN IN 120 POINT RANGE FOR LAST 10 DAYS. PRICES HAVE BARB WIRED AROUND NEAREST BRN 8200.
• PREVIOUS DAY DAILY CANDLE IS IN DECLINE MODE. 

TRADING DAY

• 10:27 - PRICES OPENED BELOW PDL AND ARE TRADING IN NARROW RANGE NEAR BRN 8100. SINCE BIAS IS DOWN LOOKING TO GO SHORT ONCE PRICES ARE ACCEPTED BELOW IRL AND BRN 8100.
• 11:09 - PRICES BROKE OUT OF IRL. PLACING SHORT TRADE AT 8100.
• 11:15 - TRADE FILLED. E-8100. ISL-8117.
• 11:56 - MOVING SL TO ENTRY POINT.
• 12:20 - TP AT 8092.
• 12:59 - PRICES HAVE REVERSED. IRL IS ACTING AS FLIP. PRICES ACCEPTED ABOVE THIS FLIP AND ARE NOW ABOVE DO. BIAS HAS CHANGED TO UP. TO GO LONG ABOVE DO CANDLE HIGH.
• 13:32 - BOF FORMED AT DO, BUT IRL FLIP IS STILL HOLDING.
• 13:36 - LONG TRADE AT DO CANDLE HIGH. E-8130. ISL-8110.
• 14:23 - MOVING SL TO MSP.
• 14:41 - ISL2 HIT.