Thursday, June 13, 2013

Equity:84.74 - Reversal failed


Equity reduced again today, after making 2 trades.

I was betting on a reversal in this 5 min chart. The point begins at the long Red candlestick on the right side of the chart. It cut the 50 period line (the blue line). But the reversal did not happen and it continued edging upwards.

Lesson to take away today :

  • I planned to enter the trade after seeing some green candlesticks again.
  • But I should have waited for a completed Red candlestick (full 5 mins) first before entering to sell.
  • I entered the trade 2 times when the candlestick dipped, but have not completed the 5 mins period.
Forex aside, today Perth Mint announced they will be selling Doctor Who coins starting from 17 Jun. Too bad I have not seen the series before. If it was for the Simpsons or How I met your mother, I will definitely buy a bulk of it. For Doctor Who fans out there, you might be interested! Silver might appreciate in future, and the package and design of the coin is salivating!


You can click on the link below if you are interested!

Anyway I am not affiliated to the mint, and currently too unknown to earn any commissions.



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