oh yeah.. he said that on da tread too (night hours tread, somewhere) that he changed around July 2007, when the chinese money came in, and the vola changed.. :eek:
yeah.. i checked again, 32~3 pts was the stop, I entered the stop loss wrong also.. got out on a mighty move, same for the 2nd trade, 4th touch do work, especially with some candlesticks signals..
Yes, Kiwi traded HSI (BTW, it seems to me that his approach was also somewhat close to Banjo's and yoohoo's), but said that after Shanghai traders came this market has become unsuitable for him so he moved to something else...
Will, So slippage wasn't that bad actually and wrong stop also happens from time to time... Bottom line - it's ok.
thanks for the boost in confidence, CF wasn't too bad actually, just hard to start the day with that.. and I couldn't really read the market, at least not as well as the last two days.. but both trade, i get out either before the big move on the other side, still need hundreds of examples to help me to reversal on the spot..
Hourly gameplan is looking like going up to me now, despite the bearish top signals which technically are here...
Do you think it's going to have another go at touching the top of that large channel - in the 1hr/4hr? Or are you anticipating a break-out of the channel?
Really hard for me to say what exactly I anticipate cause from one side 4H shows a divergence and toppy formation, but from another 1H is now forming a triangle pointing to the top (usually good pre-BO setup)... So if this 1H triangle stays intact and goes higher then I bet we're going above yesterday's highs and touch the high of 4H channel (area of above 5700)...