Kospi: The Dead Zone

Discussion in 'Trading' started by Roark, Nov 24, 2010.

  1. Roark


    Kospi traders, what do you anticipate for the rest of the session? The market gapped up today, quickly filled the gap and then went lower. The pattern over the last couple of days has been for the market to head in the direction set in the first few minutes.

    I'm anticipating weakness, and looking for entries to the short side. As there doesn't seem to be a lot of Kospi traders here, I'm referring to it as the dead zone. Times on the chart are JST:

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3019736">
  2. Roark


    WTF is the meaning of the two long green candles suddenly appearing?

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3019771">
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  3. who cares just trade em
  4. Roark


    Yes, but I need a direction. Does the sudden appearance of the two long green candles mean I should now have a long bias?
  5. working off the timeframe given, yesterday's opening bar said buy and buy some more.
  6. Roark


    OK, I got long at 252.9.90 as it looked like there was a double bottom. Stop is at 232.35. Probably, I should move the target up to one tick below the high of the day, i.e., to 253.70. OK, target moved.

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3019792">
  7. Roark


    Darn. The position was working and achieved several ticks in unrealized profit before reversing. I closed it with one tick profit before it could turn into a loss.
  8. Roark


    Here's the close, exactly at the price of my last entry. I guess a big-assed green candle means get long now.

    <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3019824">
  9. siki13


    I would reenter long now.
    (i dont have kospi price feed)

    (Edit) I see now i`m 3hours late to reply :D
    Anyway post a screenshot to see if i was right
  10. Roark


    The last screen shot was after market close, so you will have to wait until tomorrow. It will give you something to trade while the US markets are closed during Thanksgiving.
    #10     Nov 25, 2010