SGX A50 Index future

Some tips for this thing that I've noticed while trading it (but consider that I'm using constant volume charts):
  • Cup and handle like formations all over the place... although I commonly see the handle hit a 61.8% retrace rather than 50%. They're not always perfect, but trace highs to highs or lows to lows to get a picture of it.
  • Likes 3 drives patterns, both bullish and bearish. If you pay attention to one pattern, pay attention to this one.
  • I rarely see a straight up head and shoulders, both normal and inverted.
  • Pay attention to where you are, higher highs vs lower highs, etc. even if something appears as breaking out, don't assume it'll breakout from the perspective of a higher timeframe. Be flexible.
  • Give yourself room or you *will* be ticked out. Forget about 10 tick stops and the like unless you're absolutely perfect.
 
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i960 said:
Likes 3 drives patterns, both bullish and bearish. If you pay attention to one pattern, pay attention to this one.
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Definitely seeing these

upload_2015-7-6_21-52-42.png
 
just tried a long but scrapped it. Might try again shortly if it breaks out above 11,800ish. My opinion has been changing about 10 times a minute lol so we will see
 
xina50_20150706.png


Green area is a bounce off zone that I've had on the charts for a week or so (amusingly it's in the 11,*eight* area). If this retraces beyond 61.8% I'll be surprised.
 
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i960 said:
Green area is a bounce off zone that I've hard on the charts for a week or so (amusingly it's in the 11,*eight* area). If this retraces beyond 61.8% I'll be surprised.
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Well that was fast. Just dropped 140 points.
 
Out at 11,677.50

I was hoping for a 200pt jump or something....oh well LOL. Once it started slowing down I jumped ship quickly
 
I've gotten screwed many times trying to catch knives in this thing. Once it starts selling and making lower lows, just don't do it. You're way better off shorting on a bounce at that point.
 
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