HSI gap up nearly 700 points this morning

Discussion in 'Wall St. News' started by joesan, May 14, 2007.

  1. joesan


    A disaster for overnight systems.
  2. joesan


    a snapshot
  3. S2007S


    :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.
  4. aladinaus

    aladinaus Guest

    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
  5. 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).
  6. joesan


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

    It is a bad day

    I try to figure out what is wrong with my system
  8. joesan


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

  9. 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.
  10. 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
    #10     May 14, 2007