Trend from the first bar bull, trading range day

• Friday, February 8, 2013
• Bar 1 - Bull breakout of bull channel so odds favor fail, failure within about 5 bars. Open of day =lod so probably will trade below at some point. Swing buy or long for possible low of the day. Small bar so 1 bar trading range. Ok to wait
• Bar 2 - Bigbull bar, close on high, breakout, more up. Always in long
• Bar 3 - Follow through but tail. Buyers below or buy below
• Bar 6 - Bear reversal bar, one bar final flag, but sideways more likely than down since always in long and small bar. Possible high of the day but sideways and buyers below or buy below more likely
• Bar 9 - Bull reversal bar, always in long, so ok to buy or long but need swing stop below 2 or maybe 3 or 4t below 3, so buy or long small, or wait for closer to moving average. Might take 10 � 20 bars so be patient
• Bar 11 - Second entry buy but tight trading range and far from moving average. Swing buy or long but better to wait
• Bar 13 - Possible triangle 8 11, bull bar, ok swing or swing and maybe part scalp, but should get to moving average soon because not strong bull
• Bar 16 - Breakout pullback buy or long but tight trading range and far from moving average so swing only. Probably sellers above or sell above and should hit moving average soon
• Bar 17 - Fail, failure breakout, higher high major trend reversal but better to not sell or short until after stronger top or strong bear breakout since might be buyers at moving average
• Bar 25 - Bear breakout but small. Need follow through. Ok swing sell or short with stop above 25 or 17, but still lp and always in long. Better to wait
• Bar 39 - Bull inside bar, db25, ok swing buy or long and maybe scalp. Always in long. Bulls want trend resumption, bears want trend reversal
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