Wednesday, July 31, 2013

Equity:928.31 - Close shave

Above is the trade I enter yesterday. Notice that it nearly rose til my stop loss point, and it went back down again. Phew~ The gap between the 20 SMA and 50 SMA is still there, and I hope it carry on downwards til it hits my stop limit.

Above is another trade I just made, and this one is plotted with 1 hour candlesticks. I am hoping that I can catch the beginning of an upward trend, with the 20 SMA and 50 SMA moving a distance away from each other. If it happens, the reward is big. If it doesn't, the stop loss is around 1 third of the profit.

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