Trading The Hang Seng

Quote from total_keops:

Do you do any fading long or short? I mean suppose there is an EXTENDED move up in 1-3 minutes and then you get to a 5-15 minutes bars resistance of a previous day, then you would short expecting a fast move down and scalp 1 to 3 one minute bars and look for a 50% retracement profit. Same thing on the long side. Obviously when your wrong you cut the loss fast as we see you doing. I sometimes do that on the forex with the JPY pairs. The GBP/JPY is the best fast moving one for that but you need a big fat move because the spread is wide.
Is it possible on stock index? Do they move as much?
More...

Not really, only if I am long or short and it did not go my way and I held then will let it fade, BUT only if I see a good support or resistance - currently as we write this I am short 13396, 13436, 13483, 13488, and 13464 (1 contract each) average at 1343.40 and currently trading at 13439 and ticking fast...looking to liquidate all contracts at 13370 where there is support
 
Quote from hangsengtrader:

Not really, only if I am long or short and it did not go my way and I held then will let it fade, BUT only if I see a good support or resistance - currently as we write this I am short 13396, 13436, 13483, 13488, and 13464 (1 contract each) average at 1343.40 and currently trading at 13439 and ticking fast...looking to liquidate all contracts at 13370 where there is support
More...

AVG is 1353.40, not 43.40...typo..trading at 13420.00
 
One Contract -

1contract.jpg
 
Quote from hangsengtrader:

currently as we write this I am short 13396, 13436, 13483, 13488, and 13464 (1 contract each) average at 1343.40 and currently trading at 13439 and ticking fast...looking to liquidate all contracts at 13370 where there is support
More...

Wasen't it averaging down? Was it planned or just a bad trade where you where supposed to get out fast based on your trading plan?
 
Quote from MF Nextstep:

How about the MHI? I trades through IB (from Canada).

What does IB stand for? Sorry I'm a newbie.
More...

I think the MHI is good. i used to trade it a while ago. IB stands for Interactive Brokers. A broker with cheap comish that over 50% of the people on this forum use. Poorest customer service though.
 
Normally HSI has a huge daily trading range. Lately its getting smaller, for example today only about 200 pts.

Very strange, dont you think?
 
You must log in or register to reply here.
Back
Top