Daily Trade Commentary, Friday, 20 Nov 2015

Trade

Screen Shot 2015-11-20 at 9.51.54 AM.png
Aust: 
1hr MA: above
4hr MA: above
Trend: uptrend

China:
1hr MA: below
4hr MA: below
Trend: downtrend after crossing 4hr ma

 HSI Overview:
1hr MA: below
4hr MA: below
Trend: it is downtrend, trade is taken countertrend on the basis and indication from ASX.  Will be looking to take profit near 1hr ma.
HV30: indicated down
HV60: still up
RVI: sloping up

Trade: 
Entry: Long (SP)  at 0.147
Target: 0.142
Stop: 0.149
Result and Conclusion:
Screen Shot 2015-11-20 at 2.03.13 PM.png
position got out at profit. target.
countered trend trade but counter ASX trend. Was meant to be a trade where i counter trend to hit the 4hr ma.
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