Daily Trade Commentary, Thursday, 5 Nov 2015

Trade 1
 Screen Shot 2015-11-05 at 10.07.46 AM
1hr MA: above
4hr MA: below
Trend: counter trend

1hr MA: above
4hr MA: above
Trend: was down, but china market show strong reversal

 HSI Overview:
1hr MA: wait for it to go above
4hr MA: below
Trend: downtrend but following cues from china and taking counter trend trade
HV30: indicated
RVI:  up.

Entry: Long (LC)  at 0.185
Target: 0.191
Stop: 0.83
Result and Conclusion:

Screen Shot 2015-11-05 at 10.11.36 AM

position got out at Profit. But bear in mind 4 hr Ma, continue to monitor I might get out at a better profit.

Further Observation  : position could have gotten out higher at the 4hr ma

Screen Shot 2015-11-05 at 10.23.47 AM


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