jyanalyst

Alliance (2hr 1bid Flag)

Long
SGX:40F   ALITA RESOURCES
Weekly Dip (1st Trench)(RB Forming)
Daily 1st Spike (2nd Trench)
2hr 1bid Flag
*Earnings 10 Nov
*TAW break high, with new news
Price action
- BD @ 0.375
Entry (2hr 1bid flag)
- 2mil @ 0.38
- No follow through + Setup unsure
- partial same price
- ride 700 @ 0.38
- Price action slow, do not add @ 0.385
- Overhead @ 0.395
- O/N (market Strong / Support held / Good Stock)
- O/N 700 @ 0.38
(Day 2)
(Wait for 4hr Dip to add)
Trade closed: stop reached: (Day 3)
*No Weekly Dip
*No Daily Dip
4) Cut at Clean 4hr 3bid Flag (ST + Momentum)
- Cut All at Daily 2bid saucer

Lesson
1) SHould not ride when there is no Daily or Weekly Setup
2) Do not trade Big when there is no Weekly setup
Comment: Plan (Weak Market Strength)
=> Follow Small Targetlist, Do not Ride
Comment: -7000

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