|
Previous
Close
|
2326
|
|
Support
1
|
2310
|
|
Support
2
|
2210
|
|
Resistance
1
|
2445
|
|
Resistance
2
|
2525
|
|
Open
|
2342
|
|
Close
|
2348
|
At 15.00 (GMT + 8), price trade around Weekly VWAP,
hence long order is make trigger at 2335 slight below the VWAP.
|
FCPO
August 2020
|
Order
Place time : 15.00
|
|
Long
|
2335
|
|
Cut
Loss
|
2325
|
|
Target
Price
|
2370
|
|
Reward
to Risk Ratio
|
3.5
|
Losing Trade
The long order is trigger but the price continue to
fall to 2300 then rebound back to 2390. Cut loss was hit at 2325.
Lesson learnt from this trade is only put in order
trigger for long above the current price and short below the current price.
Today long order was made when the trigger price is below the current price
which cost the losing trade. If a few minutes is wait there woud be a wining
trade.
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