HSI almost oversoldLooks to me like it needs one more day then reverses.
Might be worth going long since China gets pumptarded really quickly. Watch it tonight. We know they're still running their algos.
MHI1! trade ideas
HSI Hang Seng buy idea daily RvR in chart along with some notes
Price has broken out of the down trending pitchfork, put in a higher low and then held the outside of the fork that it has been respecting for a year - looking for buys on this on the daily chart
HSI1! 2022 JAN 24 Week
HSI1! 2022 JAN 24 Week
Last week scenario2 played out as price pull back
below 24391 to test supply before uptrend continuation.
Market may return to test breakout area
Long on pullback preferred.
Weekly: Average volume Up bar closing off high = Weakness
Daily: Average volume Upthrust bar = weakness.
H4: Price came down on reduced volume = No supply
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI UpdateHSI filled teh gap as expected. I didn't go long because I was waiting until MFI got oversold and it didn't get there. China cut interest rates, so I'm not shorting either.
No further updates unless there's a play to be made
HSI1! 2022 JAN 17 Week
HSI1! 2022 JAN 17 Week
Last week scenario 1 played out - HS exited trend line,
breakout was tested and now price is at a previous
supply zone. (24391 and HTF brown dashed trend line)
Possible scenarios are mapped out
1) Break of 24391 and resistance becomes support
2) Pullback below 24391 to test for supply before
continuing on the uptrend
3) Do note the possibility of a formation of a larger
rotation area 24391 - 22663,of which testing of the
bottom of the range will not be a surprise.
Daily: Average volume down bar closing off low =
demand is present. Next bar should close higher
in order for strength to continue.
H4: Weak closes may see price heading lower
temporarily, leading to scenario2.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI UpdateCame off of overbought conditions, but I think it's melting up. It's too close to this open gap to not fill it. Plus Asia always goes up on Fridays.
Wish i had held my PDD puts though.... bought i bought SNAP puts with that money so I'm OK, lol.
Do not recommend shorting until lat enext week, maybe next Wed.
Profitable trading strategy analysis...both wins and some lossesI am a big believer in price action trading and waiting to 'SEE THE TRADE' before executing. In the video I will show you my profitable trading methodology for intraday Index trading all based around price action and momentum using different timeframes. I cover the previous three sessions on the Hang Seng and the trades I took along with the price action. The video will show both the wins and losses to try to explain as clearly as possible the price action and reasoning for the executions for a professional trader.
Hope you enjoy the video!!
Why I keep looking at HSINot sure why I'm responding to a troll, but here's the reason why I track HSI....
The orange line is PDD. I don't trade HSI futures, PDD options have better return. BABA chart is similar.
HSI1! 2022 JAN 10 Week
HSI1! 2022 JAN 10 Week
If breakout of 23695 and is supported, this may signify change in trend.
Possibility of demand returning as price has been peeling away from the
lower trend line (black).
Fresh trend line (brown) scenarios will be
1) bounce from trend line and breaking upward and supported by 23695
could lead to change in trend.
2) Oversold and market re-enters the asymmetrical price boundary
between the brown and black trend line.
Daily: Downtrend. Approached trend channel on low volume
and closing off high = weakness
H4: Up bar closing off high on low volume = weakness.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI almost overboughtSomething to watch out for next week.
BABA reversed but might have one more day before it reverses. With the US market now pumping towards close, I'd be more tempted to short China than US if you;re bearish.
I was telling a follower, China is the contrarian index, lol. Made decent money shorting Chinese ADR the past few months.
HSI1! 2022 JAN 03 WeekHSI1! 2022 JAN 03 Week
Trade remains guided by trendline.
If breakout of 23695 and is supported, this may signify
change in trend.
Daily: Downtrend. Price bar closed off high = supply is
present.
H4: Ranging between 22964 - 26395. Last bar Upthrust
bar shows supply is present. Price may test 23160 - 22964
in the short term.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Dec 20 Week
HSI1! 2021 Dec 20 Week
Trade remains guided by trendline.
Short preference still in place to short on
test of previous higher levels or at top of
channel line at lower TF
Weekly: Downtrend still. Weakness remains
Daily: Downtrend, current market has no desire for higher price.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
It is time to get Long...On Hengseng.After long depression phase on HengSeng, there is consolidation phase and it will be uptrend soon......
Investment time duration......1 to 2 months....
RUNNING FLAT PATTERN IN HSIThe last pull back wave ''c'' will bring HSI FUTURES to 24425 levels this week (10/12/21)
This will be the clue for creating shorts,because next downside target is at 19334
HSI1! 2021 Dec 06 WeekHKEX:HSI1!
HSI1! 2021 Dec 06 Week
Trade remains guided by trendline.
Market trading in a 500pt rotation, will it be accumulation or a pause?
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Low volume down bar closing on low = Supply weakening, BUT
not change in behavior yet.
Daily: Low volume down bar closing near off low = some support BUT
no change in trend yet
H4 = High volume down bar closing near low = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : ) HSI1!
HSI1! 2021 Nov 29 Week
HSI1! 2021 Nov 29 Week
This week's trade plan will still be guided by the trendline.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing a little off low = sone demand
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 22 Week
HSI1! 2021 Nov 22 Week
Market again tested 247XX. It was not ready to go up . Trade will be guided
by the trend line and will only long if market exits trend line and is supported.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing off low, some demand present.
Market came down on lower bearish volume, supply may be exhausted.
H4: Friday's market came down on relatively higher volume, but no result,
there is some support / bears are exhausted at the moment.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 15 WeekHSI1!
HSI1! 2021 Nov 15 Week
Market took out temporary support 24737 before making a
recovery. 24737 again provided a long opportunity. Market should
next be trying for 26000 which is the upper end of the rotation zone.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume up bar closing off low = weakness. Supply is present
Daily: Narrowing of spread, and up bar closing in middle = Undecisive.
Wait for next bar for demand/supply to surface.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 08 WeekHSI1!
HSI1! 2021 Nov 08 Week
Per analysis, market has come to test the rotation area (grey box) and
found 24737 as temporary support, could be a long opportunity
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume down bar closing on low = weakness
Daily: Exit of downtrend line on strong bullish volume.
Tested previous rotation zone, market may be presenting a long opportunity.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 01 WeekHSI1!
HSI1! 2021 Nov 01 Week
Market was resisted at 26227 and theme of the week was short. No sign of
strength yet. Probably may test previous rotation (grey area).
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: 2 bar Bearish reversal, Average volume down bar = Weakness
Daily & H: Market came down on reduced volume, bearish momentum may be waning.
But no confirmation of strength yet.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Oct 25 Week
HSI1!
HSI1! 2021 Oct 25 Week
Weakness as price approached previous resistances.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume wide spread up bar closing off high = weakness
Daily: Average volume down bar, previous bar saw price rejection,
shortening of thrust = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Oct 18 WeekHSI1!
HSI1! 2021 Oct 18 Week
With strength in the background, preference will be
to long when price comes down to test the levels and finds
acceptance.
Weekly: Average volume up bar closing on high = strength.
Daily: High volume up bar closing on high = Strength.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
