HK50 ⚙️ Entry & Execution Plan (Thief Layering Strategy)The "Thief" method uses multiple limit orders to scale into the position within a defined zone, improving average entry price.
Primary Trigger: Heikin Ashi bullish reversal candle (e.g., strong green candle after a dip) forming near the Triangular Moving Average (TMA).
Layer Entry Levels (Example):
25800 | 25700 | 25600 | 25500
(You can adjust the number of layers and levels based on your capital & risk appetite.)
✅ Action: Place BUY LIMIT orders at these descending levels to accumulate the position on the pullback.
⚠️ Risk Management (CRITICAL)
Stop Loss (SL): A final stop can be placed below the key support structure, e.g., below 25200.
📢 Note for the Community (Thief OG's 👑): This is MY protective stop based on MY strategy. YOU MUST adjust your SL based on YOUR personal risk tolerance, account size, and analysis. Protect your capital first!
🎯 Profit Targets & Exit Logic
We are targeting a move towards a significant "High Voltage" Resistance Zone.
Take Profit (TP) Target: ~27000
Why Here? Confluence of:
Previous major resistance/swing high.
Potential overbought conditions on lower timeframes.
A "trap zone" for late buyers – we aim to exit early.
Exit Strategy: Consider scaling out profits in portions (e.g., 50% at 26700, 50% at 27000).
📢 Reminder: This is MY target. You are free to take profits earlier or trail your stop based on YOUR goals. "Escape with profits" when the setup tells you to!
🔍 Related Assets & Correlations to Watch
Monitoring these pairs provides context for HK50's move.
USDHKD (USD/Hong Kong Dollar):
Key Point: HK50 is denominated in HKD, which is pegged to the USD. A stronger USD (USDHKD up) can pressure the index, and vice versa. Stable or weakening USDHKD is favorable for this bullish idea.
CNH (Offshore Chinese Yuan) / USDCNH:
Key Point: HK50 is heavily influenced by Chinese giants (Tencent, Alibaba, etc.). A stronger Yuan (CNH↑ / USDCNH↓) is typically BULLISH for HK50 as it improves sentiment towards Chinese assets.
HSI (Hang Seng Index) & 
MCHI (iShares China Large-Cap ETF):Key Point: Highly correlated. HSI is the primary Hong Kong index. MCHI tracks Chinese large caps. Strength in these confirms broad regional bullishness. Use them for additional confirmation.
SSEC (Shanghai Composite Index):
Key Point: Direct measure of mainland China market sentiment. A rising SSEC often lifts all Chinese-related indices, including HK50.
DJI (Dow Jones) / SPX (S&P 500):
Key Point: Global Risk Sentiment. Strong rallies in major US indices often lead to positive openings and sentiment in Asian markets. Watch for spillover effects.
Idea: Can HK50 Sustain Its Uptrend W…
