Showing posts with label SWING TRADE. Show all posts
Showing posts with label SWING TRADE. Show all posts

Monday, October 26, 2020

26/10/2020 ASX:TYR

  TYR

-Trade: I was looking for a trade thought TYR been lower for 3 days; TYR was on watchlist,

-Catalyst: TYR oversold , potential bound back

Setup: C. Oversold. Trading week low

Technical: Downtrend, looking for reversal



Verdict : I am wrong been down for 3 day, should take small profit ealier ; TYR annouced weekly trading update on 26.10.2020, result was not good...

Hold another 2 day, if still no reversal will required to cut loss

26/10/2020 ASX:SBM

  SBM

-Trade:  SBM was on watchlist, been trending down for 1 week.

-Catalyst: SBM oversold , potential bound back; 

Setup: C. Oversold. Trading near week low; if dow jone red, Gold might go up

Technical: Downtrend, looking for reversal; 



What did I do: I queue lower on 2.75, I was hoping for overnight bounce in a day or 2.

To update : closing price



Sunday, October 25, 2020

12/10/2020 ASX:NUF

 NUF

-Trade: I was looking for a trade after closing a big lost on closing RBL short. NUF was on watchlist, been trending down since june.

-Catalyst: NUF oversold 

Setup: C. Oversold. Trading near month low

Technical: Downtred, looking for reversal



What did I do: I buy on 3.96, I was hoping for overnight bounce in a day or 2.

My mistake is cutting when price trending lower... 

Better?
Looking back now on trade, should close position when NUF bounce back on 3.95. Unless there is new catalyst , hardly see any reason of reversal. but still holding.


The price is now 4.26 on 22/11/2020 , cant predict future....