HSI gap up nearly 700 points this morning

A disaster for overnight systems.

 

a snapshot

 

:eek: :eek: :eek: :eek: :eek:



markets continue to reach new highs. The Dow is going for records tomorrow. Should be there by 9:30am tomorrow morning.

 

I got beaten because of the dropping last friday, managed to hold some long positions overnight and recovered a bit. It is nightmare, never holding this shit overnight again

 

Very bad day for me as well because actually HSI spent all day consolidating in a triangle with no profitable moves (for my method at least).

 

Yes indeed, not a good day for both swing and intraday traders.

 

me too

It is a bad day

I try to figure out what is wrong with my system

 

Take it easy. Just one of those common bad days.

 

Agreed. At first I also got frustrated cause according to Murphy's laws this day happened to be exactly my first real money trading day for this method which now shows pretty nice drawdown , but now I just calmed down and just accepted this bad day as a bad day.

After all the worse it was today (pure triangle) the more chances for good days after.

 

I know the profit of intraday system has much relationship with

day range

today's range is not small

but my trend following system failed

I don't know why

Does someone know why it failed?

thank you