Thursday, 11 August 2016

BAR REPLAY - 16JUN16

BIG PICTURE

  • OVERALL TREND IS UP. PRICES HAVE BEEN RANGING BETWEEN 8100 AND 8300 FOR THE PAST 20 DAYS. CURRENTLY PRICES HAVE TAKEN SUPPORT AT 8100 AND ARE GOING UP.
  • PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE.



















TRADING DAY

  • 09:18 - PRICES OPENED NEAR PAST S/R 8170 AND CLOSED BELOW. TO WAIT UNTIL PRICES REACH RN 8150 BEFORE TAKING SHORT TRADE.
  • 09:35 - PRICES CLOSED BELOW RN. TO GO SHORT AT 8139.
  • 09:49 - PRICES REVERSED. TRADE NOT FILLED. WAITING FOR BEHAVIOUR OF PRICES AT PAST S/R 8170.
  • 10:16 - PRICES BROKE DOWN FROM RN. BIAS IS CLEARLY DOWN. TO WAIT UNTIL PRICES REACH PAST S/R 8090.
  • 12:34 - PRICES HAVE BEEN TRADING IN 20 POINT RANGE FOR 1.5 HOURS. LOOKS LIKE DOWNSIDE IS CAPPED AT PAST S/R 8090. TO ATTEMPT BO TRADE  ABOVE RL.
  • 12:41 - TRADE FILLED. E-8111. ISL-8092.
  • 13:05 - SL MOVED NEAR ENTRY POINT 8106.
  • 13:28 - TP AT 8140. MOVING SL TO 8114.
  • 13:50 - TP HIT.


















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