HSI trade ideas
HK33 - Short. Its time.The rollover is in motion. Possibly a last ditch fakeout coming, but will not change this. Started taking positions. The sink is coming soon.
HANG SENG SHORT TRADE PLANStill with Hang Seng trade plan that i was posted on May 12th, we can see sellers step in after price trading at the daily based area, while Hong Kong remain under uncertainty economically and socially i will still see the index under pressure.
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
Hang Seng..A series of gap`s to the downside!Hello Traders,
Hang Seng topped on May 11 @ 24766 and declined since within a row of gaps to the downside. This decline is a „five-down“ and indicates a change of trend. As long as the level of 24766 is valid, the focus is on the downside.
Gap`s did not occur randomly, they occur a the start, in the middle, and at the end of a trend. So the gap down, which occurred on May 12 is just the start of a longer correction.
If the low @ 23671 is a wave ((5)), the move since is part of a countertrend that should correct into a 0.5-0.618 Fibonacci zone of the decline that starts on May 11. This would be around 24218-24348 area. At 24320 a wave „4“ is to observe.
Today`s countertrend is not a clear „three-up“, but it could be the first leg of it. Note how price advanced above the declining trendline (red) and closed above that level.
Waves „2“ of any degree like to retrace a 0.5-0618-0786 Fibonacci of the first leg down/up and make traders believe, that the bulls are back. It often coincides with an overwhelming level of optimism.
The opposite of the message is true!
If Hang Seng should move into the range as mentioned, traders should look for reversal-candles and /or overbought indicators and also for overwhelming optimism.
I will update the chart in the coming hours.
Have a great week...
ruebennase
Feel free to ask or comment.
Any trading `cause of this analyze is at your own risk.
HSI SHORT TRADE IDEA UPDATEFollowing my Hang Seng trade plan that was posted on May 12th, we can see sellers step in after price trading at the daily based area, while Hong Kong remain under uncertainty economically and socially i will still see the index under pressure.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
HK33HKD OANDA Sell coming upElliot corrective wave 4 seems to look like a bearish pennant in the making.
Price move for wave 5 could be in confluence with Fib50 /Fib 61.8 retracement and some major resistance.
Big move downwards should nearing.
TP1 can be placed at previous lows (at (3))
Hang Seng Index - HSI - 7 to 10% of growth in next 15 daysHSI has recently finished primary wave 2 down and its now tracing the beginning phase of a long primary wave 3 up. The current wave countindicates we are in a minute wave 3 up that should most probably elevate prices up to 1 to 1.618 of wave 1. This means 7 to 10% in the next 15 days. FOLLOW SKYLINEPRO TO GET UPDATES.
HSI SHORT TRADE IDEACurrently price traded back to the important 24600.0 level where if we look to the left it has been retested as well violated many times, will only look for a short trade if i can see a high test candle closed below 24600.0 level.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Hang Seng Index: hovering below resistanceat this point in time. we have now seen any bearish candle forming at the resistance level. I will go neutral on HSI.
Hong Kong Stock Index (The economy is in BAD Shape)View On Hong Kong Stock Index (6 MAY 2020)
HK economy is in the bad shape and it has yet to reflect accordingly in the stock markets of it.
We are seeing some bounce up from 23,500 regions and expect it shall be short-lived.
As long as the price can't break up the resistant region of 24,250-25,000 region, HSI index will go alot lower soon.
The support level shall be 23,400 and 22,800 and beyond.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
What are you doing differently today ?You say you wanted to change at the beginning of the year ! That was your new year resolutions for 2020. It is May 2020 now , almost half time. How's your results thus far ?
If you are ahead of your goals, congratulations and keep on moving to the next one.
But if you are a little behind, you have to take a step back and identify what are the challenges you faced in the process and moving forward, how you can overcome it.
For example :
- are you over-diversifying by spreading yourself too thin ?
- are you forgetting to have a Stop Loss in place ?
- are you putting a position ahead of your trading strategy ? (eg. buying before the resistance breakout)
- are you over-leveraging ? ie. borrowing money from bank , thinking the ultra low interest rate and you can easily beat it to cover the difference but the reality is the opposite.
- are you over trading ? You had some losses and you wanted revenge in the market and you forced certain trades to happen. If you lose two out of three trades in a row, STOP. No more trading for the day. If you had to, go on a demo account to practise.
- are you using too many signals in your chart, creating more confusion and leading you to paralysis analysis? This is a learning process for any newbies. Over time, you would learn that less is more.
- Over -reliant on news - Market gurus say sell, you follow, another expert says buy, you follow. Remember , your money is your money and if you make profits, you won't give them a share but if you lose, you bear all of it. And it is the latter that you need to think thrice before taking their views and putting into action. (reference is fine)
The same mistakes will be made again and again, perhaps in a different pair, different product if you do not make a conscious change to it. Could the FOMO propel you to go faster , giving you the illusion that no profits will be left on the table if you are slow ?
Think of the market as the Ocean. What is the possibility of an ocean being dried up ? I would say very remotely. Each day, you go to the ocean and take a bucket of water and use, the next day you come back, it will still be there. The bucket of water is your profits or loss. How big is your bucket determines how much water you can carry.
The skills matter too, else you spill half the water along the way (ie. sell too early and not let profits run).
Contain your portfolio to a comfortable size that you can manage. Avoid the popular stocks just because your colleague or friends are involved in it. You long because over time it can make money for you. Who cares if it is Facebook or not (no pun intended).
When not sure, stay away. Like the airlines industry - Knowing Warren Buffett has sold all his airlines shares, now there are experts claiming they are buying instead. They may know something that you don't and blindly following them is dangerous. Stick to what you know is better.
A good method that I constantly use in my portfolio is the 80/20 rules. Out of 10 positions you hold, which is the 20% that gives you 80% of your profits. ?These are the stocks that you should pay more attention, adding when the opportunity arise and even take profits if the price is too high as well. Conversely, 80% of your losses would surely come from 20% of your portfolio. Identify these and weed them out if you have to.
Don't give yourself the false hope that it could recover someday. This someday dream would cause you opportunity costs and stop you from deploying the available capital to better use.
Do something different today so you can make the difference you want in your life!
Hang Seng...Waiting for more evidence!Hello Traders,
HS has exceeded the high from May 6, @24235, and pushed to 24263.7 at Friday`s session.
This could be all of the countertrend or it is a new wave of advance.
But both mean the same. Once this move is finished a decline is next to occur.
As you notice, the advance from May 4, @ 23585 developed within a trend channel.
If it was all of wave ((v)), price will decline and retrace to a 0.5-0.618 Fibonacci of the move from May 6, which is the most common retracement for a wave „2“ of any degree.
If it was a w-x-y-x-z decline it will completely retrace the move and new lows are next to occur.
While multiple variations of countable patterns do exist, I will switch to a „neutral“ stand, as long as the pattern becomes more clear to my view.
Have a great and safe weekend...
Regards...
ruebennase
Feel free to ask or comment.
Any trading `cause of this analyze is at your own risk.
#Staysafe
#sStayhealthy
Like others, Hong Kong needs help ......Read these articles here and here
Hong Kong has not get out of its messy state since the street protests months ago. Like other countries that are grappling with how best to handle Covid-19, it is facing immense pressure from business sectors and the people staying in HK. I guess, this is the worst time to be the leader of any country, juggling both ends of the burning candles.
We shorted at 24106 last nite and had pocketed roughly 1000 profits. The 1H chart has just reversed to a short term bullish trend.
We still think there is more room to head south in the coming days.....
Hang Seng....The first waves of wave ((v))?Hello Traders,
Hang Seng moeved into the open gap (24611-23895) and closed nearly half of it.
This move could be counted as a w-x-y-x-z or i-ii-iii-iv-v!
You could observe, that a possible triangle was done @ 24014 and HS pushed above the upper boundary of the triangle. This move completes either the final moe after a triangle or it is part of the final move. While a wave 5 of any degree often equals wave 1, it could be that HS will have a target @ 24303 area, depending on which point to measure. In both cases, the next significant move should occur to the downside. I have placed the alternate levels at the chart, colored blue.
If this move has finished wave 4 as shown per my favorite count, the next move will drop HS below it`s March 19 low @ 21139 area.
If it was a wave 1 move, the retracement should await at the 0.5-0-618 Fibonacci ióf the total advance from 23585.
So, we will see, how the marked will commit to us.
I will update the chart in the coming days.
Have a great and safe week...
ruebennase
#stay safe
#stay healthy
Feel free to ask or comment.
Trading this analysis is at your own risk!
HSI - Poised for up to 86% growth in 2 to 4 yearsHSI completed a triangle that ended cycle wave 4. And after tracing primary wave 1 and 2 it is now tracing primary wave 3 up, the best wave to ride. Id this scenario holds prices should reach the most probable target of 45,800, 86% of current level, in 2 to 4 years. This scenario should be revised if prices crosses down 22,900. FOLLOW SKYLINEPRO TO GET UPDATES.
HANG SENG SHORT TRADE IDEACurrently price traded back to the important 24600.0 level where if we look to the left it has been retested as well violated many times, will only look for a short trade if i can see a high test candle closed below 24600.0 level.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Hang Seng....Below 24666 bearish!Hello Traders,
Hang Seng dropped down the latter week to 23418 (Future low) and 24483 Cash market.
Closing price @ 23831. As long as the top of wave C of (4) is valid (@ 24666.6) the outlook remains bearish to new lows for Hang Seng.
As per my alternate count, it could be possible, that a flat-pattern is underway, which is not done to the downside, too. So, both counts favor new lows in the coming days and weeks ahead.
With still more possible wave counts do exist, one more is that at the low @ 21138, a wave 1 of Minor degree was done, and the developing countertrend was a wave 2, which is underway. The retracement of this wave was shy above the 0.382 of the decline from 29174-21138, but more importantly, it clearly shows the pattern of a „three-up“!
So, any drop below the 22756 area would greaten the odds, that the countertrend was done and HS is on the way to fresh lows.
In fact, a wave 2 of any degree only has the rule, not peaking above the start of wave 1. So, in this case, there is much room to the upside, if HS will exceed above 24666.6.
I will update the chart if a clear wave pattern occurs.
Have a great and safe weekend...
ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
#Stay home
#Stay healthy
Short on overhead triple bounce rejectionShort FIB rally back into 50-80 zone
Reason for short:
1. Triple bounce at top of channel.
2. Break of swing low level at 23800
Hong Kong Stock Index (The Ghost Of the Past is Showing Up)View On Hong Kong Stock Index (21 APR 2020)
We are seeing weakness in HSI.
It can swing down to 23,000 region
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
