HSI --- the perfect market

HSI just rose 900 points in less than one hour


the magic Chinese central bank foreign currency reserve must be involved in it
 
Yah...nuts! Lucky I covered my shorts in the first pullback.... *shudders*

Quote from joesan:

HSI just rose 900 points in less than one hour


the magic Chinese central bank foreign currency reserve must be involved in it
 
HSI does tend to whipsaw a bit.

I bet a certain FX "broker" is cursing for abandoning their 'copper the customer' business model (if they did). Over leveraged FX customers either lose or win until they lose. Probably a lot of Japanese housewives learning that one for the first time.

Lots of wild cards out there. I have not forgotten Greenspans unscheduled rate cut last time. Wiped out a lot of people I bet. Now we have an additional wild card in the form of the CPC.

What I have on is very low leverage and covered with a cheopo short dated option just in case.

Made some money in HSI yesterday (1/10th of what was available) and then decided it was not going to do much today.........................yeah right.
 
I also had to wind back the trade size to shrug off the additional risk , guess long survival is the name of the game.

Quote from mokwit:


What I have on is very low leverage and covered with a cheopo short dated option just in case.

Made some money in HSI yesterday (1/10th of what was available) and then decided it was not going to do much today.........................yeah right.
 
Quote from kiwi_trader:

Monday's opening gap ... 758 points from Friday's close ... 758 points!

Thats about USD5000.00 on one contract.

I can not trade the market is a bit too wild right now, so I can post.

Kiwi,

Did you happen to catch it?

Regards,
redduke
 
Quote from kiwi_trader:

Monday's opening gap ... 758 points from Friday's close ... 758 points!

Thats about USD5000.00 on one contract.

Untradeable gaps followed by untradeable laterals. Welcome to Asia. :D
 
Quote from kiwi_trader:

Monday's opening gap ... 758 points from Friday's close ... 758 points!

Thats about USD5000.00 on one contract.

What time does this market close EST on Fridays? I assume it's not 24/5 like globex.
 
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