After a short break I came back and made a few more trades. 1 loser, 1 breakeven (on HHI), and 3 winners. Now I'm really done. +1342 HKD...
If you're a US citizen, all futures trading profits get taxed the same, no matter what country those futures contracts trade in.
I'm just churning at this point. There's some beautiful market action right now but I'm trading poorly, being too conservative because of the...
Mid session update... the goal has been reached! I'm going to finish out the session with MHI as the main instrument, but I've found myself...
Loose fire hose, I like that one. HHI is slightly smaller than HSI because its index value is less, but each is 50 HKD a tick. HSI is slightly...
Decided to give give the currencies a try and once again got reminded why its best to stick to the markets I have experience with. Trying to trade...
Looks like Hong Kong is closed tonight, so no trading. Bummer. Might watch ES a little though... got some movement going on right now.
+2 This technique can be very powerful when applied to day trading as well, look for mean-reversion setups on 3 and 5 minute charts during...
You may want to look into EWH, which is close enough (USD denomitated). I think there's a HKD denominated ETF in Hong Kong that specifically...
You can go to Google finance and look up long-term charts for the Hang Seng index for the timeframe you're interested in. A couple points I'd make...
I knew there was a high probability of some choppiness due to the gap but I got sucked in anyway. Overtraded, got chopped up a lot but finshed...
First losing session in a long time (since April), and I deserved every penny of it if not more. For some reason I could not stay on the right...
It's not part of my normal routine by my family is out of town and I was bored so I traded the first 45 minutes of the session last night before...
LOL, good point, I realize that the whole "opening orders" setup is meant to take advantage of these imbalances, but six years ago I was too wet...
I'm saying the same thing as you actually, I'm just talking about front running the majority by thinking about what they will do next, not...
While I agree that we are bugs on the front bumper to the institutions who are using the index futs to hedge, are you saying the guys making the...
I wouldn't recommend studying candlesticks, at least not the classic use of them, which is to look for certain candle patterns (e.g. morning star,...
Worked from home today and had a light enough schedule to put on some trades. Some really nice trend and counter-trend setups today in the US...
Here's another setup example for osho67, this one is a counter-trend setup, a "close is close enough" example of a 3-push reversal. The notated...
I felt very tired coming into tonight's session and wasn't feeling very aggressive, which is a shame because there were so many good opportunities...
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