Tuesday, August 26, 2014

Daya Rebound back to 0.335 ?

I personally committed a trade at 0.310 on last Thursday before the Daya suspended and released news to raising fund and expand the business. The trend from 2011 till today is bullish and showed it is impulse wave and just complete correction wave (a,b,c)and form wave 4 , it can be further confirm by the recent move which is the smaller wave (1) was touch the wave (b), this indicate the recent move down is correction wave and should not go below wave c(0.280)
The question now is what should I do next with this information in hand... I have 2 scenario...
1.) if I not buy any and I will go in as small lot with TP at 0.335 to 0.355...
2.) if I already have unit in hand I will hold it...
I guess people may had question why TP at 0.335 to 0.355?  I did asses the wave is diagonal wave 1 and the next move is wave 3 and the consecutive target is 0.33 to 0.35.
Nothing is perfect ... I like to remind myself, trading is deal with probability game and it can be wrong and perfectly fine is I am wrong ... I will cut my lost if the price close below 0.28...












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