Please comment on this chart if you have time.

semperfrosty said:
fyi it opened low,got all the shorts in and then stopped them out.

it then travelled right up and let the longs in for 1-4 points before stopping them out on the way back down to where it started.

pretty brutal and a reason why i try not to trade the first hour.

View attachment 315459
More...

Can you see the price axis on the right to see how the PA is progressing? Anyway from the last chart that you posted, the level 7397 - 7400 should become a significant support should the price break out to the higher. The current resistance seems to be at around 7600 where there is a lot of congestion around that price level.
 
Current 60min chart pic (actually delayed data) from TradingView:-
! AUS200_60min.png
 
maxinger said:
Are you a swing or day trader?

For today, ASX200 didn't move much (just 0.5% day range).


Compare this with today's hangseng movement.
Hangseng moves much more (2%).
More...

did you traded that 2% move? what is your commission for trading asia futes market? i heard it i expensive as heck.
 
semperfrosty said:
fyi it opened low,got all the shorts in and then stopped them out.

it then travelled right up and let the longs in for 1-4 points before stopping them out on the way back down to where it started.

pretty brutal and a reason why i try not to trade the first hour.

View attachment 315459
More...

Sorry everyone,I didnt mean to omit the price axis.

Please see below,with the rest of the day action.60 minute chart.

upload_2023-5-22_23-27-33.png
 
maxinger said:
Are you a swing or day trader?

For today, ASX200 didn't move much (just 0.5% day range).


Compare this with today's hangseng movement.
Hangseng moves much more (2%).
More...

I'm probably a hybrid.

Ideally I like to get a good entry and be able to hold for days and weeks.Overnight is no issue.

However if I recognise a range based period then Ive been able to long and short for small moves off the extremities.

Thanks,I'll have a look at Hangseng.
 
TheDawn said:
Can you see the price axis on the right to see how the PA is progressing? Anyway from the last chart that you posted, the level 7397 - 7400 should become a significant support should the price break out to the higher. The current resistance seems to be at around 7600 where there is a lot of congestion around that price level.
More...

Thanks TD.I've uploaded a better chart.
 
vincentnyc said:
did you traded that 2% move? what is your commission for trading asia futes market? i heard it i expensive as heck.
More...

Hey Vin,

Its about $20 per round trip comms.

$25 per point per contract for each point that moves for or against you.
 
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