Thursday, 18 August 2016

BAR REPLAY - 21JUN16

BIG PICTURE
  • OVERALL TREND IS UP. PRICES ARE IN 8100 - 8300 RANGE FOR THE PAST 20 DAYS. 
  • PREVIOUS DAY DAILY CANDLE IS IN RALLY MODE. IT WAS TYPE 1 TREND DAY, SO CONSOLIDATION COMING TODAY?


















TRADING DAY
  • 09:57 - PRICES OPENED AT RN, PDC AND BROKE DOWN FROM FLIP 8225. TO GO BOF SHORT.
  • 10:00 - TRADE FILLED. E-8217. ISL-8234.
  • 10:15 - ISL HIT. POINTS  -17.
  • 12:42 - ENTERED SHORT. E-8215. ISL-8227.
  • 12:51 - ISL HIT. POINTS  -12.

















1 comment:

  1. Guru

    Once you identified in Big Picture assessment that prices may consolidate after trend day, you need to stick with that unless proven wrong.
    Here after initial move down, it just traded in the range for remaining part of the day and you tried to take the trade thinking that prices are breaking out of that range.
    Always wait for the prices to confirm.

    URD

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