The 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...
I spent a lot of time searching for information regarding the sudden drops and increases in the CN50 index price.
From the information obtained on many pages, I analyzed and described everything in the graph.
I checked every page I visited to avoid taking into account the fake news that was being disseminated. I wonder if it really happened.
As S&P500 and global indices near an all-time high, the Chinese indexes are lagging. Nonetheless, price has managed to recover from its low in May. Now price is pulling back to test the 17750 level. The current pullback resembles a bullish flag.
CN50 had a pull back of the Flag pattern , it will start bullish today and my target is $18000.
CN50 Long : $15420
CN50 Target : $18000+
Stop loss : 5% / one transaction .
- By the way I want to tell you to buy (BABA) .
Wish you a good deal!
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...
Read positive news here and here
I am of the opinion dips are for further accumulation as I am bullish on China story for the long term.
But I won't recommend going all in or show hands with China A shares. There are still many unknown factors in the market , Q2 GDP data, unemployment in China, business activities , US-China trade war, Huawei saga,...
China commerce ministry says production of auto, auto parts have fully resumed! This is china's way of saying that they have defeated the virus and we have moved on, so expect that to be reflected in the data.
Take a look at this 3 line charts - SHCOMP, CN50 and HSI respectively. When 1.2 trillion yuan were injected into the markets, the 3 indices did a V shaped recovery almost instantly!
Currently, SHCOMP is in the lead, followed closely by CN50 and HSI with a fairly strong pullback.
The whole world is now watching how China central government will react on its...
Chinese indexes, Hang Seng Index ( TVC:HSI ) and Strait Times Index ( TVC:STI ) have been tumbling today on fear of Coronavirus spreading to other parts of China and more countries.
We are reminded of SARS in 2003.
The Wuhan flu virus belongs to the same family of coronaviruses that causes SARS, which killed nearly 800 people globally during a 2002-2003...