Daily Trade Commentary, Wednesday, 9 Dec 2015

Trade

Screen Shot 2015-12-09 at 9.34.42 AM.png

Aust: 

1hr MA: above
4hr MA: above
Trend: uptrend, but transiting into a ranging market
China:
1hr MA: above
4hr MA: above
Trend: clear uptrend

 HSI Overview:
1hr MA: above
4hr MA: above
Trend: uptrend
HV30: up
HV60: up
RVI: up

Trade: 
Entry: Long (SP)  at 0.165
Target: 0.159
Stop: 0.168
Entry based onASX crossing above its 1hr Ma and China A50 5min bullish green candle, technical signal, HK cross the very recent resistance created.
Result and Conclusion:
Screen Shot 2015-12-09 at 9.41.49 AM.png

position got out stop loss, did not have a clear shot

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