08022012

Another inside day. Expectation is that sideways move will continue till price breaks out of the previous days range.It did not happen. Price action was a continuation of the previous days action . Small gap up acted as a break out and the pull back failed to go below the breakout point. alternatively one can enter the breakout of the open and a small pause pull back
Later there were three BOF entries and a a good opportunity to go long when the last shaved WRB failed to continue.
Notice how the market respected PLOD, LOD , and PHOD,
Location , Location and Location. Pay attention to these levels , always