4th Jan 2017 - Is this going to be a good key or a bad key?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
36.60

 

Reason for Buy / Sell / Short / Cover:

 

1. A very big V-shape chart with a triangle that looks like going to go North.
2. It looks familiar to what I (think) I have read from Alexander Elder's book.

 

Lesson Learnt:

 

1. From the intraday chart, it did a fake bull protruding the upper trend line which makes it look very bullish.
2. I should have waited at least until it came down to the intraday trend line.
3. See how well it observe the daily chart trend line even at intraday chart?!
4. There is quite a lot to learn from just this one trade.

 

Intraday Chart

 

Historical Chart