Trading the SET50

F

FireWalker

The SET50 is Thailand's stock futures index. Not a whole of volatility intraday as much of the price movement occurs overnight in the gaps.

My plan is 1 to 3 trades a day. I trade the morning open, hoping for some directional follow-through.
 
20150806_SET50_1.png


2015-08-06

The daily is in an overall downtrend, and I shorted 926.30 shortly after the morning open. Price moved in my direction about 2 points, then buying started about 925.00. I am new to the SET 50 and while I almost covered at 925 due to seeing the strong buying at 925, the volume was insufficient.

My stop was at 927.50, which was a couple ticks higher than the previous swing high (5 minute chart).

I think all of about 5 contracts traded at 927.50. One of them was mine.
 
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