Daily Trade Commentary, Thursday, 17 Dec 2015 (trade 2)

Trade

Screen Shot 2015-12-17 at 9.56.20 AM.png

Aust: 

1hr MA: above
4hr MA: above
Trend:  up supported by 4hr ma
China:
1hr MA: above
4hr MA: above
Trend: up

 HSI Overview:
1hr MA: above
4hr MA: above
Trend: up, was flat, but broke intraday resistance.
HV30: down
HV60: up
RVI: yes

Trade: 
Entry: Long (LC)  at 0.190
Target: 0.196
Stop: 0.187
Entry based on crossing intraday resistance
Result and Conclusion:
 Screen Shot 2015-12-17 at 10.05.26 AM.png

position got out at profit , should look forward more to see where it can go. Potentially in situation like this, i must change perspective to 4hr or 1day ma. for another profit taking level

Daily chart shows that the index move more and cross an important resistance level.

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