The weekly trend is sideway with a bearish bias. MACD histogram forms the 24th bar above zero.
This week is a high volatile week. TKM v1.2 had open a Short entry on 20th January 2020 at the open price 2856, CutLoss 2900 and Profit Target 2800. The same day, it touched our CutLoss price, but the TKM system will not execute CutLoss on the same day it open nor the first touch. Hence, the next day, 21st January 2020, the market makes a new low 2916, with TKM system, we had set a Trailing stop at 2856 to protect modal. What a luck, within the same day, the Trailing Stop was hit and we ended up break even. This trade will be updated in the result page.
For next week, we have placed a Sell Stop at 2856, the market has not changed the Weekly direction. Hence, we wanted to continue the “earlier” entry which kicked us out from the trade. This is not a usual TKM system would do but we are confident that this is a risk worth taking!