Believe many investor who follow the buy call on previous buy manage to earn some money even thought it went up more than expected but in trading winning is winning :).. It is always better to be positive than negative.
Previous buy call
Buy Call on the 13 OctoberE ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42
P ( Profit) :2.47
RRR (Risk to Reward Ratio) = 1.5 (Average)
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42
P ( Profit) :2.51
RRR (Risk to Reward Ratio) = 3.5 (Rewarding)
E ( Entry) :2.44 ( Closed at or above it)
S ( Stop Loss) : 2.42
P ( Profit) :2.53
RRR (Risk to Reward Ratio) = 4.5 (Rewarding)
Buy Call on the 31 October 2012
E ( Entry) :2.54( Closed at or above it)
S ( Stop Loss) : 2.5
P ( Profit) :2.63
RRR (Risk to Reward Ratio) = 2.25 (Rewarding)
Now it is another round of chance.
Indicators
1) Trendline - above the Uptrend (Bullish)2) Support/Resistance - formed higher high and low ( Bullish)3) MACD - Postive (Bullish) Waiting for 4R1G signal for more bullish attack 4) RSI - Rebound from 7 0% (Bullish)
5) STO - Broke below 80%(Bearish) . Waiting for break above 80%
6) Ichimoku - a) Broke Above support cloud (Bullish).
b) Conversion line above the base line (Bullish). c) Price above the baseline ( Bullish)7) Candle stick - a white candle after dragonfly doji .. Click here to understand more
Conclusion:Bullish -
E ( Entry) :2.90 ( Closed at or above it)
S ( Stop Loss) : 2.8
P ( Profit) : 3
RRR (Risk to Reward Ratio) = 1(Average)
E ( Entry) :2.90 ( Closed at or above it)
S ( Stop Loss) : 2.8
P ( Profit) : 3.05
RRR (Risk to Reward Ratio) = 1.5 (Average)
Resistance = 2.89 / 2.93 / 3.08 / 3.33
SUPPORT AT 2.83 / 2.8 / 2.73 / 2.68 / 2.65
AlbertLim
good .... I like Skpetro... good blog Edwin... love to read all yr post. TQ
2012-11-13 16:11