Daily Trade Commentary, Friday, 23 Oct 2015

Trade 1
Screen Shot 2015-10-23 at 10.18.50 AM
1hr MA: above
4hr MA: above
Trend: up maintain and held on by the moving average as support

1hr MA: down
4hr MA: down
Trend: down

 HSI Overview:
1hr MA:below 1hr
4hr MA: supported
Trend: upwards bias
Obervation: price is above 4hr, but below 1hr, attempt 1hr cross, entry at second attempt
HV30: indicated
HV60: confirmed
RVI: flat

Entry: long call at 0.132
Target: 0.137
Stop: 0.130
Result and Conclusion:
 Screen Shot 2015-10-23 at 10.42.20 AM
 position got out at stop loss. and entry could have been much more ideal if i wanted for it to go towards a technical point where the possibility of support is evident, the 4hr ma.
also had to take note that CHINA was showing the strong downtrend.


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