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Seems like fireworks are reserved for US elections. Ant dual listing has got the go ahead from hk exchange as well and it could be scheduled to happen right after US elections. Biggest IPO's happen usually happen near the tops but we are no where near it at the moment.
Calm before the storm.
Calm before the storm.
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Laying out one possible scenario.
Do NOT dwell too much on it. Just something to keep in mind.
Do NOT dwell too much on it. Just something to keep in mind.
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Nope. Nothing in it. Monday is Holiday in HK and it is probably going to close near 25k. Not worth the risk. I am out. Will c where it opens on Tuesday.
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Almost at 24200. Can Buy here but be cautious with trade size and give it some room as next few days can be turbulent.
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Worry not. Shaking out weak hands.
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In the 2 years that i have been trading HSI, Head & Shoulders is one pattern that appears all the time. I can't say for other markets since i don't trade anything else but this is the case with HSI. There is an obvious structure to the market and certain things repeat all the time on all time frames. I don't believe that markets are random.
I have a theory that all the big players(got to be very few at the very top) are aware of the big market moves beforehand. They don't directly fight with each other but rather compete with each other for dumb money(our) orders. News. wars, new laws, pandemics etc. only act as fuel and they very much control that as well. Even Donald Trump tweets come at almost perfect time. I have just observed too much for all this to be dismissed as just a pure coincidence.
There is a campaign(Accumulation/Distribution) before each move. It can last from few days to few months, even years depending on the size of next move.
Market makers can't be employing thousand of peoples to sit in front of computers all the time. Most of the trading must be carried out by computers. Computers will obviously work according to the algorithms they are programmed with.
I have very little PC knowledge, no financial background and my education level is secondary school so i am no expert. It's just my theory but hey, it works for me.
Patterns, wave counts, indicators, Fibs, indicators alone won't give you consistent returns unless you figure out the structure of the market you are trading and always keep context in mind before anticipating next move. Only other thing stopping you from consistently making money is you yourself and that is 80% of the trading.