Too early to arrive at the party! Sharing my trading idea and experience for FX:HKG33
From previous post, the 1H chart has been bullish.
I have taken the profit and thereafter trying to find re-entry position.
However, without checking the shorter time frame 30m, 15m it turns bearish for the shorter time frame. Re-entered at 22500. As you can see from the chart. It's is a big Ouchhh! 😂
Well, was looking at the longer time frame of 4H chart & D chart showing the index continues to be bullish. (Question to myself: But on hindsight - isn't the longer tf chart based from the shorter tf movement?) Hmmmm.....well let's see.
But this could cause the short position opportunities. Nonetheless, the party is there and I guess just have to wait little longer and hope it won't be too longer. This is going to eat into trading cost for the daily finance charge. :)
Wish the party continue! (with the recent stimulus news and action)
While waiting, let's zen with 📖 🍵
Good luck everyone!
Trustwhatyoutrust
Narrow Escape! Trust what you trust.FX:HKG33
Entered too early before the pullback. Has to hold over the trading closed day. Was intended to SL the positions if the downtrend continue.
However, the market reopen with strong bullish volume. The short time frame (tf) turned uptrend and the index gap-up. However, the MACD + KDJ showing uptrend for 1H chart. Hence, decided to continued to hold the position.
∴ Continue bullish for HSI based on W chart and try to look at Long position for 1-3 weeks tf.
This ain't a get-rich-quick scheme, folks. We're just here to chat, not make deals.
Disclaimer: The information provided here is not a recommendation to buy or sell any particular financial instrument. Individual circumstances and risk tolerance should be considered when making investment choices."