Hang Seng at an important level. If we can get above the 236 shown here and hold the rally may continue. Next big resistance will be the weekly 200 MA. Trading ZCH Canadian ETF for this one, looks a bit different but follows closely.
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거래청산: 스탑 닿음
Closed out position today at original SL. Not a great trade, see if we can hold this 236 or we may continue lower.
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An EMM move would take us back to the Daily 50MA which may provide a good bounce. I'll be waiting until were above the 236 to re enter.
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Breaking down here from the EMM. Next stop will be the 200 MA and 1.618.
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Sitting in a very sensitive zone, Need to recapture the 200 daily or this was a false rally.
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2 possible bounce levels here.
액티브 트레이드
Re entry on ZCH. The HSI chart is far more bullish than the ETF version.
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ETF - ZCH,
거래청산: 스탑 닿음
Yet another stop out on this one. Alarms reset, will continue to monitor.
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Hang Seng has blown through the 236, waiting on a tradeable pullback. Current problem is the moves are starting around 9PM EST which makes it hard to grab the ETF's. Will possibly look to scale in at the open.
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액티브 트레이드
ZCH Market buy entry yesterday at the open, not my usual trading style but sometimes just gotta jump on the moves. Not pretty but were underway.
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I once heard a trader say 'A gap is a gift'. Just looked at the Hang Seng from last night with normal candles. Nice leap I will close out half of this today to lock in some profit, I will be suppressed if it keeps going but will leave some in there to ride if it does.
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Lastly for reference, the green dotted line shown 2 charts up is the weekly 200MA. As we approach this area we may see a pullback. With the velocity of this market i will be in buy pullbacks mode.
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50% Sold, Hang Seng at 0.382 fib.
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거래청산: 스탑 닿음
Remainder of position closed out here at purple dotted line.
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Alarm's reset, will continue to monitor.
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HSI bouncing off the 236 fib. Will need to conquer the green dotted line - Weekly 200 before re entry.