Quote from trickshot:
How do you trade the HSI with a 9 pt stop? I think you'd be stopped out like 9/10 times with this kind of crazy volatility.
I dont know about other traders but HSI has been a nightmare for me in recent days. The 300 point gap after lunch was crazy to say the least.
I also use tight stops on HSI. I use 10 points max stop, usually loose about 8 when the trade goes against me. I get stopped out about 1/3 of a time, 1/3 around BE (plus minus 1 or 2 ticks), 1/3 are winners.
I use volume charts and trade pure momentum, if it is there the trade goes into green within matter of seconds, if not I am going to side lines and waiting for another entry.