Today , SKPetro has broke below the 1.92 trailing stop set . Thus, profit is taken with a 19% gain.
Lets see whether this is a whipsaw or true retracement. If is a whipsaw, she may close above 2.04 with high volume, then the next trade would be a higher entry point than the 1.92 sold price.
As a trader, we should follow the signal at this moment and not hope for the closing of today as a whipsaw. Action must be activated as the trading plan. If she goes down as per prediction, then we can wait for another buy signal to enter at a lower price than our sold price today.
Showing posts with label Skpetro. Show all posts
Showing posts with label Skpetro. Show all posts
Wednesday, 24 February 2016
Sunday, 21 February 2016
SKPETRO - A good counter trend trading candidate
Is been a while since I pen down anything. Really need to push myself to record down my trades or analysis.
Just in 2 months time, Skpetro offer 2 trading opportunities. 1 is on 23/Dec/2015, enter at 1.71 and take profit on 7/Jan/2016 (a 15 days trade) to gain profit at 1.89 (a 10%). Not a very outstanding one but a good one indeed.
Then 26/Jan/2016, one more opportunities to enter at 1.61, till now if still follow my sell signal , the trade is open and with a trailing profit of 16%, Lets see how this trade able to give how much % of profit
Just in 2 months time, Skpetro offer 2 trading opportunities. 1 is on 23/Dec/2015, enter at 1.71 and take profit on 7/Jan/2016 (a 15 days trade) to gain profit at 1.89 (a 10%). Not a very outstanding one but a good one indeed.
Then 26/Jan/2016, one more opportunities to enter at 1.61, till now if still follow my sell signal , the trade is open and with a trailing profit of 16%, Lets see how this trade able to give how much % of profit
Subscribe to:
Posts (Atom)