entered into a short position on 0700.hk on 27-sep based on multiple ideas convergence: stoch 5-3-3 over bought came down while broke through 20d EMR and stoch 5-3-3- 0.382 and also most important conv with HSI weakness as tech sector has been the weakest sector for 2 weeks already. a bit sloppy as I didn't have much time to follow closely due to work, and it was...
am betting on 857 long due to Brent price firming up on supports good for up stream biz; also regardless in HSI or ASX or NYSE energy is on rotation appears to be the go in short term. for now i will likely exit position before end of 1st week mid term election. i am not putting up a graph on 883 but likewise.
is DXY going up from now without a last dip? No sure. But with OIL continue to trend up my best is GOLD will stay low. OLD-GOLD ratio doesn't really matter. US fed will continue to raise interest rate and trade tension will continue til mid NOV after mid term election at least. EU's social political and financial also Brexit drama will continue. USMCA is done deal...
0386.hk swing long. on watch list since 4/sep. in long position at 7.39 when 5-3-3 stoch in good sync on daily and hourly, when in range 0.618 and 0.786 Fib pull back. Stop loss at 7.24. possible another shake out around 11-12 sep. watch con/divergence with oil future. target time 2-3 weeks holding.
background/catalyst: strong US weak AU good for AU export. Almond price good with weak US crop and strong AU corp SHV in good position. AUD/USD is still trending down. Finally break up on 12-SEP. pattern not the same as before with good follow up. position 5.33 stop loss 5.28.
