..at 16.28. Basically I saw what Dow was doing in the morning and I bid 16.28 for UOB and 6 for Wilmar. Come morning, I got in UOB at the low of the day. Talk about being so lucky twice in a row. First time was Wilmar, I bid at 5.4 remember? It was the low for that day, before it trends up to 6.07 where I exited after 2 weeks.
Now it is UOB's turn. 16.28 was the low today when it dipped and bounced off 16.28. When that happens, you just feel so lucky, especially when it ends at 16.6 for the day. But let us not count the chickens before they hatch. Right now I am looking at Dow and it is sliding.
Why did I bid at 16.28? Technicians will instantly see why I did that. Candlestick the previous day is a very nice reversal doji. It opened and closed at 16.28 that previous day. And frankly I am not willing to chase, especially since the earlier support I gave you all was at 15.7. So I just bid and waited at 16.28. 15.9 is my stop for risk of 2R. Reward/risk is about 3:1. OK, fine.
I hope I not getting too creative for my financial sake. First time risking 2R since I started this blog.
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