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CN50USD

PMax Explorer Strategy - INDICES & METALS BacktestingThe pair and the time frame you see is the winner in the INDICES & METALS category with profit factor criteria From 4032 results we have for this strategy : * 1451 results with Profit Factor > 1 * 270 results with Profit Factor>1 and Sharpe Ratio>0 * 19 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50 * Best timeframe : 1m with 18 and 8m with 17 pairs * Best pair for all categories : OANDA:BTCUSD with 28 / BINANCE:BTCUSDT with 27 timeframes * My rating for this strategy is : 0.4712% Check my posts for all instrument categories 1st (FOREX), 2nd(CRYPTOs) and 3rd(INDICES/METALS) I will split each strategy backtesting in this manner I'm talking for strategy : PMax Explorer STRATEGY & SCREENER (by KivancOzbilgic) Oct 10, 2020 I test 29 Forex pairs from FXCM, 51 Crypto Pairs from Binance and 46 CFDs Indices and Metals from OANDA In total 126 pairs using 32 !!! timeframes 1,2,3,4,5,6,7,8,10,12,15,17,20,24,25,30,45 minutes 1,1-1/2,2,3,4,5,6,7,8,10,12,16,20 hours 1 and 2 Days In total 4032 results per strategy I like profit factor and Sharpe ratio as my main guides but also percent profitable does matter The results of forex were with 1000 contracts, default currency USD and 0.07 USD per order commission At Cryptos i use 1 contract, default currency USD and no commission because most cryptos are spread based. At Indices i use the same details as Crypto. I didn't touch any settings at the strategy for all three ideas (only the backtesting starting day where i maxed out the available data) I can't post direct links according to house rules, since i love TradingView and i play with their rules. However my profile links and my signature may help for extensive information.
OANDA:CN50USD
by trade_aid_learn
First country to recover from COVID-19CHINA I am bullish on the country, many of its stocks, ETFs and obviously in some way, I am biased so do your own due diligence before following. China's story is way beyond what many read on the news, whatever you can get hold of. You gotta step into China yourself , live there for a while and experience the life there ! It's changes is so dynamic and fast paced that to keep track of it is a mind bogging exercise and its grey rules and boundaries make it harder for you to gather hard data. I love to take public transport, buses, trains to observe , to talk to the locals and from there I gather my own intelligence. Some of course find this method out-dated, unreliable but thus far it has served me pretty well. I am only a small retail trader not a hedge fund house with huge capital to invest in a research team of analysts with MBA and chartered financial analysts. Oh, I also like to watch the Chinese movies which reflect the thoughts and ideologies of the Chinese people in some way. Some stories are deeply embedded in the ancient chinese culture , Confucius, food and its people. It is rich and worth exploring......... Focus on what you want NOT what you do not want - many have shared with me about the terrible things the chinese government do to HK people, Taiwan, etc. It is beyond me since I cannot talk to the CCP people and every country has its own political agenda to pursue. Then there are articles about the unscrupulous businessmen who manufacture anything fake in China just to make money like plastic as noodles , mixed ingredients in baby infant powder. The list goes on........ Trust me, if you do a detailed search on other countries, you too would find these culprits too. China being the 2nd largest country would have a higher number of incidents purely from a large base to start with ............ I prefer to focus on what the government is doing right now - alleviating poverty for the people, building better infrastructure, upskill the minority and making great efforts to reduce carbon emissions. Maybe to the activists, this ain't enough but as onlookers and outsiders, isn't it always easier to criticise and put the blame on others ? Same for trading and investment, when we lose money, how often do we reflect on our trades, our reasons for taking the positions rather than pointing fingers at the broker, the noises out there ,etc ?
OANDA:CN50USDLong
by dchua1969
1
Is there new trouble in Chinatown?Sharp ATR switches usually mean something for true trend followers. The chart shows an important 2H trend switch. As always, with trend following it's not possible to say whether the trend is going to end soon or whether it'll continue for longer. This could even be a minor correction in a daily trend, but how would you know if it's not the start of a new trend south. You can't know. Something spooked markets around the world - especially the so-called Asian markets. See 4H picture below The DJI did a bull run and disconnected from the USTech100. We'll probably find out later what all that as about. It could well have been words of hope uttered by Yellen, who knows. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:CN50USDShort
by Captain_Walker
WHY investing is no longer a luxury but necessity ?Without boring you with the economics of wages growth and income disparity across countries, we look at things from the man on the street. Comparing things 10 , 20 years ago seems far for many and these days, we want instant results, instant gratification. Ask any young kids today and their dream is to become an influencer, youtube millionaire. So the bar is raised from generation to generation. We know that the wages you got home each month is quickly distributed to your costs of living - food, transport, education, healthcare, etc. By first taking a 5-10% of that amount and leave it for investment is a wiser choice than to leave it the LAST ITEM. Make that your 2021 goal. Never mind how small the value of that amount is - you can start with low cost index fund at less than $100 or lower. So, if you agree that most of our median wages are not increasing in tandem with the inflationary costs of living , then somewhere have to give. That means, you might be working longer hours, having more responsibilities, gotten your so-called 10-15% pay increase but the monthly expenditure are also going up as well. So , where do you find the surplus money ? By making 10% of your monthly wage to the investment box - making it a compulsory item to deduct will inculcate a good habit and your future self will than you later. The younger you are, the better it is. But late is better than never as I always say. Do within your means, the important part is getting started and then keeping it consistent. Here, I showed you two charts, STI vs CN50 and just looking at 2017 to 2020, the last 3 years. If one invest in STI, sadly, he is still losing money while the person who chose CN50 must be quite happy with his little windfall. Investing is necessary because depending on one main source of income is no longer sufficient. Unless you have other ways to generate second or third source of income other than investing, then all is well. But, imo, investing carries much lesser risk compared to doing your own business. I have been there and if I could turn back the clock, I would happily pump all my lost capital into the market. Too late, haha. Pay money to learn valuable lesson !! Period. Once you are convinced of the WHY? part of the equation, then you need to know the WHAT to invest? This simple comparison shows you picking the wrong index not only causing you to lose money but more importantly, the opportunity to make money elsewhere through compounding effect. Make 2021 your new investment goal - put 10% of your monthly income aside for investment. Starts the habit , it takes time to build. But once you see the results, you will be motivated to stay on course. It is the same as signing up for a gym membership at the beginning of the year. What's your goal? To get 6 pack ? To lose 5kg ? To run a marathon ? Every goal requires different sets of training. Identify one and craft suitable training regime to reach your goals. Or else, you will be all dressed up and walking around the gym like a lost soul not knowing what to do and soon, over time, you will not want to go anymore.......just like investment
TVC:STI
by dchua1969
Secular bull market in China - One day after US electionsThe China A50 index ( click here to see its components ) has been trading in an ascending triangle consolidation pattern for the last 5 years. It broke out in July 2020. From July - October 2020 it's been trading tightly inside a bullish pennant. The last few weeks it's shown relative strength in a relatively weak environment, and now looks to be firmly breaking out of the pennant pattern. Zooming in on the 4hr chart here's what we're looking at: I always prefer horizontal resistance and it's looking good here too: I have a position What Is a Secular Bull Market? A secular bull market is a market that's driven by forces that could be in place for many years, causing the price of a particular investment or asset class to rise over a long period - a trend that lasts 5 to 25 years.
OANDA:CN50USDLong
by Lanmar
Add some China to your portfolioRead this news here USA has 30 trillion , ie . 3 times the market cap of China which shows that at the rate that China is growing, it has 3-5 times the potential of future growth. HK has about 4 trillion right now and with the recent changes made to its policies and China's intervention, I believe for HK to double its market cap is possible in years to come. Do compare the HangSeng Tech index ETF for the different expense ratios. China has a lot to offer and its growth story remains one of excitement and mystery as it continues to open up its economy to the global stage.......
SLong
by dchua1969
buy now or wait for breakout @ 15,733.30Again, there is no right or wrong. Some like to buy at support IF they believe it is going to continue to go up. Others prefer a wider margin of safety and wait for the breakout at the resistance level at 15,733.30. What if it reaches this level and tumble down again? So, risk perception differs from different people and since no one can predict with 100% accuracy on the price movements, these differences in price points allows traders to make profits and losses each day. As a long term investor in China, I am bullish on China market and thus would average up on this index.
OANDA:CN50USDLong
by dchua1969
2
Is China stock market in a bubble ?Read article here If we look at the chart, we can see that CN50 has break out of the resistance in 2015 at 14,828 on 7 Jul 20 and is now at 15,146.40. From a technical perspective, those who had followed my post here can consider take partial/full profits and let the remaining units run. The key support at 14,969.70 now is crucial as it indicates the future bullish moves. On the smaller time frame, it shows us a series of lower highs and lower lows, which indicate short term bearishness, having fallen from a high of 16,437.30. I remain cautiously optimistic that China government would do what it can to prop up the stock market and not allow it to follow 2015 trend. The likely scenario would be a consolidation phase for the coming weeks before any major news hit it to go higher up. It could the US-China trade deal new developments, President Trump election or maybe the Tik Tok/Tencent sales in US. Let's return to the chart in a week or so to see its performance.
OANDA:CN50USDLong
by dchua1969
Emotions steer our actions, Reasons justify itWhether we like it or not, behind every decision we made, be it trading or in other aspects of your life, our decisions are always based on a set of emotions. Reasons offer a false sense of control of the situation. We do things because it gives us pleasure (love, being accepted, respected, etc) or if it avoids pain (stress, anger, regrets, anxiety, feelings of loss, etc). Emotions leads us to actions and reasons lead to explanations (how we explain things to ourselves after we have bought something). Think of a time when you go grocery shopping without a shopping list and ends up buying a bunch of things that you may not need. On your way home, you would explain to yourself why your decision is right (sure, we can use the organic marmalade jam for breakfast, 6 months later, it is still sitting in the fridge). This is very crucial in the game of trading. Nobody wants to lose , be it small or big losses. There is a winner's mindset in all traders and we make our decision in a way to protect this self image of a winner within us. We feel that we cannot be let down somehow. In short, we want to control the outcome of the game. Please note that trading is really a game of probability and thus it is essential that we must accept and come to terms that the outcome is hard for us to determine. The faster we accept this, the better we will see our performance in trading. You can have a bullish trend, low RSI, everything that points to your favour and you execute a long position. Yet, Mr Market surprises you with a gap down and you hit your stop loss. Unbelievable but it happens ! Not once, many a times to frustrate traders to quit and come back to the game again and again. Learning to focus on the journey '; the performance of each trade rather than predicting the outcome of the trend or the magic number at the top or bottom would be a wiser and more effective route to take, imo. For example, keeping strictly to your stop loss and not having 2nd thoughts that things may change (outcome) so you adjust your SL wider to accomodate it and not take immediate loss. Your fear of taking loss in each trade becomes a bad habit that you pick up unconsciously and if you are lucky to wing it, you would do it again. I know it feels "high" , great and even respected if you are able to pick tops and bottom or calls the right trend and people keep asking you for trading advice. This is not that important, really in the game of trading. Do not let this "guru" hat clouds your judgement. Stay grounded and stay focus at each trade you execute. It may be pennies that you lose or win but the thoughts put into it will shape your trading future. Like a strand of rope, it gets thicker and thicker as you spun your way to more trades and without you knowing, you are caught in your own web of repetitive patterns.
OANDA:CN50USDLong
by dchua1969
CHINA 50! ROCK OR BUST?The China 50 took off like a rocket, leaving behind the DJI and other country indices. This is the CN50's biggest rally in a year. State media agencies talked up the index promising a post-coronavirus boom. Then the China Securities Journal made similar promises. This caused an almost 6% charge north in one day! However, there did not appear to be significant underlying volume - which is a bit worrying. But volume isn't everything. I show two points on the chart that I think may be comparable. In technical terms the two recent weekly candles are the biggest since 2013. The momentum seen on lower time frames is ridiculous. In these situations a minor correction is expected (not predicted), followed by follow through. If you have enough 'bottle' and money to burn go for it, on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Editors' picks
OANDA:CN50USDLong
by Captain_Walker
3
I am "Mr Invincible"Do you love money ? I think you and I do but the Chinese really loves money. Two things that really make them rich, I mean filthy rich in China. One is property and the other is the stock market. And they are risk takers though not necessarily prudent in managing risks. They do not hold back when they think or feel this is the time to go all in. Read article here I lived in Singapore and thus far I have not heard about the government encouraging the people to put money in the stock market, directly or indirectly. Not China, not USA and maybe some other countries. Let's take a look at the chart. Both SHCOMP and China A50 which I posted my views ( here and here ) Both are up about 30% from the bottom in March 2020 while Hang Seng Index (HSI) is only up about 17%, which offers more potential for upside. Again, I advocate prudent risk management. I have said and shown through various indices, stocks in Hang Seng and China that I bought that showed good profits. There is no need to ask your friends for money, go to bank and borrow nor sell your house and sink the whole kitchen into the stock market. This , to me is taking on too much risks, maybe not for others. Average up slowly on each pullback and each time, stick to the 1-2% risk per trade rules. Avoid doubling or tripling your position sizes hoping to make money quicker and within a shorter time. Mr Market can be nice to us but it can also become nasty at a turn of events that you and I cannot know nor predict like the Covid-19. In the words of legendary Warren Buffett- the first rule of trading is not to lose your money. That means at all time protect your capital. So guys, chill and not to think this bull run is going to be over soon and your fear of missing out cause you to go take on additional risks. Think of your loved ones, family and even yourself. Always think what if I am wrong ? That is not being cowardly like some traders said but being RESPONSIBLE. Maybe, you think it is ok to go all in and worst case scenario, you just put in the extra hours to earn back the money. But if you have dependants that need your income to pay the bills, education, rentals, etc, then it is wiser to think twice. Everyone situation is different, do the best you can without following others blindly. Such "all or nothing" mindset is taking things to extreme and is betting big on luck to be on their side. Another thing is having peace of mind. If your portfolio is in the red, your life still goes on. But if it affects you so much then, you probably have weighed too much in and you need to pull back a little. Strike a balance. May the blessings of God be with you. 1 Peter 5:8
SLong
by dchua1969
2