Daily Trade Commentary, Thursday, 5 Nov 2015 (Trade 2)

Trade 1
 Screen Shot 2015-11-05 at 10.23.47 AM
1hr MA: above
4hr MA: below
Trend: trend, follow the 4hr, taking the short side

1hr MA: above
4hr MA: above
Trend: strong uptrend. taking counter here

 HSI Overview:
1hr MA: above
4hr MA: below
Trend: taking a trend trade with the 4hr ma. and might be a counter trend trade based on china market
HV30: down (Technical shows long signal)
RVI:  up.

Entry: Short (SC)  at 0.194
Target: 0.188
Stop: 0.197
Result and Conclusion:
 Screen Shot 2015-11-05 at 10.36.35 AM

Position got out at profit.

follow Aus trend and 4hr ma trend. technical signal also show 1hr ma temporary support.

Took the cue to short based on HSI itself although china shows bullish pattern. Next trade will be logical if i take a trade based on 2nd attempt at crossing 4hr ma.


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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s