TAS
Long

HKG33 Still in a correction channel

FX:HKG33   Hang Seng index of Hong Kong listed shares
140 7 10
HKG33             Still in a correction channel, predicting reversal at marked zone.
Comment: Still no trigger, soon though
The original product is an SGX futures product called FTSE China A50 Index....each broker uses a different code, forget what IB is, and looks like some FX brokers etc run it as a CFD now if don't have a futures account. XU1 under bloomberg amongst others. Free charts on investing.com
Will take another year or so for depth in volume, but a good instrument that I traded a bit last year and one I'll be going back to if and when it gets back into the 5000-3000 zone for a potential bottom longer term. Sitting at 9,977 as I type with the high of 15,000 in May 2015. Hope that helps
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TAS TTCSteve
thanks, will look at it
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Hello Tas, would like to ask if this is the potential move regardless of US election outcome? Tnx
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TAS qlenium
Hi. I went in time to see how the charts had behaved in 2008 and 2012 only on the EU. I have a feeling on the USD move on the elections, don't know about this index. I analyse the structure, and at this moment this is what I see. If you are trading this, do the exercise and look how the index changed in 2008 and 2012. 2008 move from republicans to Democrats, 2012 keeping the democrats.
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Is this a CFD? You should take a look at the China A50 (futures on SGX, called a few different things depending on your broker) but should build into a good trading instrument for China as volumes increase over the next few years. Just an FYI for you TAS....seems you keep up a lot of charts, well done...am past that age now and sit on only a few markets these days myself
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TAS TTCSteve
Thanks Steve, will take a look at SGX. My trading platform is another, don't know if FXCM is CFD. Thanks again for the suggestion.
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TAS TTCSteve
Steve, do you have a ticker symbol? or a chart on that security you recommended? Is it an ETF?
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