Daily Trade Commentary, Wed, 6 Jan 2016

Trade

Screen Shot 2016-01-06 at 10.07.42 AM.png

Aust: 

1hr MA: below
4hr MA: below
Trend: down
China:
1hr MA: above
4hr MA: above
Trend: up

 HSI Overview:
1hr MA: above
4hr MA: above
Trend: up
HV30: no
HV60: no
RVI: yes

Trade: 
Entry: Short (LP)  at 0.119
Target: 0.125
Stop: 0.117
Result and Conclusion:
 Screen Shot 2016-01-06 at 10.12.57 AM.png
position got out at profit, follow ASX and China, however, wait for the signal to come since China shows different movement. the signal comes in the form of intraday support level
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