Every stock is down Currently every stock on the Hang Seng is down and things aren't really looking like it getting better.
Wonder how this will translate to the other asian equity markets and global as well.
This is in a nice downward channel and wonder if it will break the bottom trend line to move further down.
Thats all folks
HSI1! trade ideas
HSI UpdateWow, China and Japan went on a full out tank with another 2% drop tonight, didn't see that coming.
I though Asia was gonna go up tonight, but at least this explains the afternoon drop in the US market. They dumped US futures on high volume before they tanked their own market.
Oversold again, but I think tehy turned their algos off.
HSI : Expecting a slight pullback before next accelerationExpecting some braking at around 27430 to 27200 level. Prior to that, a slight pullback to ellipse area before gushing down to 27430 to 27200. Let's see what happens in that price region (consolidation /accumulation?) then zoom another leg to 26940 region as a false break? Let's monitor...
HSI1! 2021 Mar 22 Week
HKEX:HSI1!
HSI1! 2021 Mar 22 Week
Red/Green zone = preferred entry
H4 = price rotation
Daily / Weekly = bearish
Levels unchanged. Ultra high buy volume came 1, but are these to distribute?
Bar 2 sell doesn't yield result compared to previous down bars.
So either we continue to see price rotation or there may be long opportunity.
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
history doesn't repeat itself but it rhymesRight now it comes to half of March and the roller coaster has been running all the way down to around 28500-29500, with big shake from session to session.
Have got a feeling that market will be set to kill the volatility bulls for the coming couple of days, before it decides which way to go (downward then most likely).
From day chart, interesting analogised pattern was spot.
HSI1! 2021 Mar 15 Week
HSI1! 2021 Mar 15 Week
Red/Green zone = preferred entry
W = Bullish / D = bearish
Last week' range bound within Bar1 1's low and Bar2's high provided some nice rotation play.
Bar 3's upthrust was perfect for short.
Not much has changed in the levels. Likely still rotation play or just maybe, we will see a
breakout to the down side?
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Testing for scriptingstrategy(
"EMA Cross Strategy",
overlay=true,
calc_on_every_tick=true,
currency=currency.USD
)
// INPUT:
// Options to enter fast and slow Exponential Moving Average (EMA) values
emaFast = input(title="Fast EMA", type=input.integer, defval=10, minval=1, maxval=9999)
emaSlow = input(title="Slow EMA", type=input.integer, defval=50, minval=1, maxval=9999)
// Option to select trade directions
tradeDirection = input(title="Trade Direction", options= , defval="Both")
// Options that configure the backtest date range
startDate = input(title="Start Date", type=input.time, defval=timestamp("01 Jan 1970 00:00"))
endDate = input(title="End Date", type=input.time, defval=timestamp("31 Dec 2170 23:59"))
// CALCULATIONS:
// Use the built-in function to calculate two EMA lines
fastEMA = ema(close, emaFast)
slowEMA = ema(close, emaSlow)
// PLOT:
// Draw the EMA lines on the chart
plot(series=fastEMA, color=color.orange, linewidth=2)
plot(series=slowEMA, color=color.blue, linewidth=2)
// CONDITIONS:
// Check if the close time of the current bar falls inside the date range
inDateRange = (time >= startDate) and (time < endDate)
// Translate input into trading conditions
longOK = (tradeDirection == "Long") or (tradeDirection == "Both")
shortOK = (tradeDirection == "Short") or (tradeDirection == "Both")
// Decide if we should go long or short using the built-in functions
longCondition = crossover(fastEMA, slowEMA)
shortCondition = crossunder(fastEMA, slowEMA)
// ORDERS:
// Submit entry (or reverse) orders
if (longCondition and inDateRange)
strategy.entry(id="long", long=true, when = longOK)
if (shortCondition and inDateRange)
strategy.entry(id="short", long=false, when = shortOK)
// Submit exit orders in the cases where we trade only long or only short
if (strategy.position_size > 0 and shortCondition)
strategy.exit(id="exit long", stop=close)
if (strategy.position_size < 0 and longCondition)
strategy.exit(id="exit short", stop=close)
HSI OverlayI threw together this overlay a few days ago and didn't believe it because I figured Asia was gonna pump but it looks like they're gonna whipsaw sideways for a while.
Oddly this indicates either a Monday or Tuesday pump, lol.
They appear to have lost interest in tech again, NQ is the only index red (by a little)
HSI1! 2021 Mar 08 Week
HSI1! 2021 Mar 08 Week
Red/Green zone = preferred entry
Grey zone = price rotation, entry opportunities on breakout of zone
M / W/ D = bearish
Demand was present at bar 1, however no evidence of change in trend since
market is still making lower highs.
Will prefer to keep on the short side.
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
HSI1! 2021 Mar 01 Week
HSI1! 2021 Mar 01 Week
Red/Green zone = preferred entry
What a mighty down move from 22 Feb's alert on selling.
On daily chart we see some buying, however note the low volume on buy, so let's watch
on 01 Mar to see if more buy volume will come in to support.
Otherwise we can see 28078-28168 as test of previous support
Previous peak demand zone was at 26414.
Have a profitable trading week ahead. HKEX:HSI1!
Start of another mark up or Fake out?After the re-accumulation at 26500-26000 in December, HSI rallied all the way to 30k before climaxing. Volume was very low throughout and the move appeared rather laboured which was unlike the markups/downs i have witnessed before in HSI .
We again saw good amount of buying in couple of weeks before the holidays. Price has now broken out of the top of re-accumulation range at 29500 and is poised to break above the swing top at 30336, possibly Tomorrow.
If it is the start of another mark up then next stop might be around 31500-32000.
I was wrong about a fake out the last time it break out of the range at 26500 and i can be wrong again but i have a strong feeling that a big selloff to at least 27500, possibly 25500 is coming before a multi month rally to new ATH .
I will be looking for sell signals at 30350-550.
HSI1! 2021 FEB 15 Week
HKEX:HSI1!
HSI1! 2021 FEB 15 Week
Weekly, Daily, Current TF = Shortening of thrust
Last bar price advanced on weaker volume.
If story were to repeat itself, per price action at resistance
1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate resistance comes into play and market comes down.
If long, possible scenarios
1) long on dip, volume declines as price comes down,
volume on advancing bars should be strong
2) immediate push up on reasonably strong volume with high of bar A
acting as the immediate support.
3) if push up is on ultra high volume, wait for test and enter.
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
GONG HEI FATT CHOI!
Hand Seng Index Projection for 2021Just want to log a model projection for the Hang Seng Index (HSI)...
To the green ellipse and then to the red.
HSI is very bullish, and would continue to be so, apparently in a multi-year fashion.
Deep retracements provide opportunities, but we need to draw the lines and know when to take action.
Meanwhile, just enjoy the ride... Asia it is, and Honk Kong may just be it!
HSI1! 2021 Feb 08 Week
HKEX:HSI1!
HSI1! 2021 FEB 08 WEEK
29273 if supported will indicate higher prices.
Friday showed that there's supply present still as
indicated by bar A closing off its high and subsequent
bars closing very near to each other.
Let's see if price can break out or more time is needed
for the buildup
Remember to Like and Follow if you find this useful.
Have a safe and profitable trading week.
2021-02-02 Hang Seng Index FuturesAfter SELLERS achieved HSI had established as a Trend for SELL, I awaited for pullback into 29244 at around 16:20pm on Feb 2nd and held this trade overnight. Market opened with a spike into my entry price then flushed down for 300 points. I took profit around 10:07am on Feb 3rd.