Daily Trade Commentary, Thursday, 22 Oct 2015

Trade 1
Screen Shot 2015-10-22 at 10.17.22 am
Aust: 
1hr MA: above
4hr MA: above
Trend: up strong

China:
1hr MA: above
4hr MA: above
Trend: strong up

 HSI Overview:
1hr MA: cross above 1hr
4hr MA: below
Trend: upwards bias
Obervation: price is below 4 hr but cut above 1hr, regional market moving upwards and trading in a upward channel
HV30: indicated
HV60: confirmed
RVI: flat

Trade: 
Entry: long call at 0.192
Target: 0.198
Stop: 0.189
Result and Conclusion:
Screen Shot 2015-10-22 at 1.01.57 pm
position got out at stop loss. chart was turning down wards. henceforth, should have follow the trend to see that it was reversing and broken out of channel. Position would have made be profitable if entry was one bid earlier..
Instead of bids, focus on the trend.
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