Daily Trade Commentary, Thursday, 5 Nov 2015 (Trade 3)

Trade
 Screen Shot 2015-11-05 at 1.33.15 PM
Aust: 
1hr MA: above
4hr MA: above
Trend: range bound

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

 HSI Overview:
1hr MA: below
4hr MA: below
Trend: trading short, broke out of the triangle.
HV30: flat
HV60:flat
RVI:  down.

Trade: 
Entry: Short (SC)  at 0.186
Target: 0.180
Stop: 0.189
Result and Conclusion:
 Screen Shot 2015-11-05 at 2.00.20 PM

position got out at stop loss. direction was correct, trade was supposed to be short. but din managed to profit because forgot about the potential support level that might cause it to rebound. Also entry was late. So have to see the technical and the price action to take profit.

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