Friday, August 23, 2013

Equity:890.26 - Metallica in Singapore

I will be going for my first ever rock concert, and it is also my favorite band in the world. Metallica!
It has been 20 years since they last came here. I have been listening to their music since I am around 15 years old, and man... its been 15 years already.
I am old :(



Previous trade in the previous post, I won. And the above trade I just placed follow the same logic. Actually, I am still using most of the rules I used a month ago.

  • Limit-Stop at 2 times Stop-Loss
  • 20 SMA crosses the 50 SMA, wait for a small dip/surge before buying
Just that the difference now is that the above rules must fulfill 2 charts instead of one. Look firstly at the Daily graph first. If condition hits then proceed to the Hourly chart.
So that in this way, there is more solid confirmation of 2 forces driving it, the Daily and Hourly chart.

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