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MY God Hsi down almost 1000 points
- Thread starter robinxing
- Start date
What about setting a new record of gapping up after the lunch break ?
( I mentioned this in an ET post last week, violent counter-AM-trend huge lunch break gap )
We may expect HHI and HSI gapping up about 100-300 points in an hour, depending on what proportion of the rallies Japan/Korea/Taiwan mkts can hold within this hour .
( I mentioned this in an ET post last week, violent counter-AM-trend huge lunch break gap )
We may expect HHI and HSI gapping up about 100-300 points in an hour, depending on what proportion of the rallies Japan/Korea/Taiwan mkts can hold within this hour .
Quote from dont:
Korea is crazy, all over the place. Extremely hard to trade.
I am trading the options.
taiwan, aussie, nikkei, hsi ... all the same.
a trader's dream or nightmare..
was playing long from early in the session in taiwan -- really biting my nails.. all turned around at close. that buying was amazing. a few great scalping opportunities at the end of day for all those markets...
sucked to be biased long early in the session after that strong US close though.
Looks like the asian markets wanted to put in their own bottoms.
Quote from gangof4:
how far did you/have you ridden the short? congrats. 731 point down from the day's high in the HHI.HK- really, more brutal than last night.
Red: so you were the one taking my $ for those 200 points! COL (cry out loud)...
i got cute and thought i had the reversal pegged- i was right for 50 points, but that went up in smoke in about a nanosecond. i hesitated to look @ different chart, turned my head, and... woosh. the only thing i've done right was finally throwing in the towel and taking my 140 point beating- that was @ 12595- good thing, cause we're @12338 now! support meant absolutely nothing.
I don't talk about specific trades - it tends to stuff me up. My timeframe and length of trade is probably a lot shorter than yours - my maximum stop is 9 points, typically 6 or 7.
Quote from kiwi_trader:
I don't talk about specific trades - it tends to stuff me up. My timeframe and length of trade is probably a lot shorter than yours - my maximum stop is 9 points, typically 6 or 7.
i understand- i have a friend who refuses to talk about the market whenever things are going well- we haven't spoken for 3 months!
one of the most frustrating days in my 27 years of investing. capped by choosing the HHI over the HSI and watching the HSI run 100 points whilst the HHI actually went down!? HSI was up 155 for the day @ that point with the HHI down 40- go figure. the temporary complete decoupling reinforced that i should have never gotten out of bed today!
Quote from gangof4:
i understand- i have a friend who refuses to talk about the market whenever things are going well- we haven't spoken for 3 months!
one of the most frustrating days in my 27 years of investing. capped by choosing the HHI over the HSI and watching the HSI run 100 points whilst the HHI actually went down!? HSI was up 155 for the day @ that point with the HHI down 40- go figure. the temporary complete decoupling reinforced that i should have never gotten out of bed today!
Gang
Glad to see you and kiwi make peace with each other. It is just too easy to lose fellow traders in this market. Many of my previous HSI friends failed to figure out before being wiped out . It may sounds weird but sometimes I think long-existing fellow traders is a kind of asset, the awareness of not being alone in the process of feasting and being feasted can be a real boost in this game of uncertainty
Happy trading to all !
Quote from kiwi_trader:
I don't talk about specific trades - it tends to stuff me up. My timeframe and length of trade is probably a lot shorter than yours - my maximum stop is 9 points, typically 6 or 7.
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.
no big deal \
will rebound in a few weeks
werd
will rebound in a few weeks
werd