Daily Trade Commentary, Friday, 27 Nov 2015 (Trade 2)

Trade

Screen Shot 2015-11-27 at 10.14.43 AM.png

Aust: 

1hr MA: below
4hr MA: below
Trend: strong downtrend day

China:
1hr MA: below
4hr MA: below
Trend: trend down

 HSI Overview:
1hr MA: below
4hr MA: below
Trend: trend trade broke the support level
HV30: yes
HV60: yes
RVI: no

Trade: 
Entry: Short (LP)  at 0.149
Target: 0.154
Stop: 0.147
Result and Conclusion:
 Screen Shot 2015-11-27 at 10.26.11 AM.png

 

position got out at stop loss. wrong entry. cannot depend on the support resistance level of the long time frame might not be as accurate as the 1hr 4hr method.

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