Daily Trade Commentary, Monday, 12 OCT 2015

Trade 1
 Screen Shot 2015-10-12 at 10.26.13 am
1hr MA:
4hr MA:
On a downtrend, with both 1 and 4 hr MA moving strongly downwards
First trade to look to follow clues from Aus.
1hr MA:
4hr MA:
Breaking into new high
HSI Overview:
1hr MA:
4hr MA:
HV30: down indication
HV60: confirmation
RVI: slow uptrend intact
Entry: short a put at 0.117
Target: 0.112
Result and Conclusion:
 Screen Shot 2015-10-12 at 10.29.45 am
 Got out at stop loss, entry might not be as good, should not just focus on the RHV for entry, look at where the price is going, prices might be finding 1hr as support before going up again.
I think market is likely to reverse upwards. let take note and see the further prices play out.
Screen Shot 2015-10-12 at 10.55.02 am
1hr ma did not hold.
Screen Shot 2015-10-12 at 11.31.48 am
4 hour hold on, long term trend is the one to follow.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s