Proshares Trust Ultrashort FTSE/Xinhua China FXP-AMEX Any thoughts on the possibilities of a CHINA BUBBLE? Pork prices up 55% yoy, 3 people died last week in a stampede for cooking oil!
I'd only risk shorting once the China charts have clearly rolled over, made a series of lower highs and momentum turned clearly negative. Otherwise the risk/reward ratio is too high (for my taste).
What are you, some kind of CHICKEN? FXP started trading only 5 days ago. It has already rallied AND dropped about 25%. Can't you just smell the opportunities?
Nope, big volatility and large % moves don't positively correlate with good risk/reward setups for my discipline.
Yeah, but just think about how FAST you could get rich by nailin' them swings. You a TRADER or just some kind of pussy?..
Exactly right. Short China Stocks? Why do people continuously try and pick tops or bottoms? It is a sure fire way to lose money$$$.
The sharper the climb the more intense the fall, last 2 months have been outrageous, just 2 months! Anyway, there is a bearish divergence on HSI daily chart, the way I calculate divergence based retracements we are looking at -25% as of todays value. definetly a lot of vola out there, obviously not for Ivan's balls.
$3.00 spread right now Anyone follow this FXP and know the best time to get a tighter spread? My guess would be in the early morning trading...