Daily Trade Commentary, Tuesday, 20 Oct 2015

Trade 1
Screen Shot 2015-10-20 at 10.32.50 am
1hr MA: price is below
4hr MA: price is below.
Trend: flat day might be ranging market

1hr MA: price below
4hr MA: price below
Trend: downwards

 HSI Overview:
1hr MA:price below
4hr MA: below
Trend: down
Obervation: i am trading countertrend
HV30: trending down
HV60: trending down
RVI: trending up – standard long signal

Entry: long call at 0.121
Target: 0.126
Result and Conclusion:
Screen Shot 2015-10-20 at 11.02.29 am
so position got out at stop loss. counter trend trade not easy plus a ranging market henceforth might not be ideal to trade but think of going with the right direction, which is to short.

Trade 2
1hr MA: down
4hr MA: down
Trend: strong down, confirmation from all other regional market

1hr MA: strong down
4hr MA: strong down
Trend: strong down from regional markets

HSI Overview:
1hr MA: down trend
4hr MA: downtrend
Trend: confirmation from all markets and more importantly china and HK charts show breaking support
HV30: upwards
HV60: flat
RVI: flat

Entry: short call at 0.115 (selling at support)
Target: 0.113
Stop: 0.119
Result and Conclusion:
Screen Shot 2015-10-20 at 1.43.14 pm
Got out at stop loss. Mistakes: shorted too late when already at support, should have waited for the 5 min chart to bring back to a technical level such as 1hour MA resistance to initiate the short.

Trade 3
Screen Shot 2015-10-20 at 1.49.23 pm
1hr MA: same
4hr MA:

1hr MA: breaks above the ma
4hr MA: breaks above the ma
Trend: up

 HSI Overview:
1hr MA:  breaks above
4hr MA: resistance held on
Trend: might be bullish but I’m keeping with the HK index itself that trend is still down
Obervation: 1hr break above 4 hr held
HV30: down
HV60: still up
RVI: down

Entry: short call 0.119
Target: buy back 0.114
Stop: 0.121
Result and Conclusion:
Screen Shot 2015-10-20 at 2.08.23 pm
Profit, follow trend got out at profit but bear in mind, china market obey differently.

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