Derivatives Trading

[maxinger]

singapore simsci futures

past few days many long red candles.

now price just above 340 support level.

if level 340 is pierced, next support level 314 (ie 8% change)

and if level 314 is pierced, next support level 300 (ie 12% change)

if level 300 is pierced, then next support level is very very far away.

 

[maxinger]

Nikkei day trading

sleeping for 2 days already.
now hovering around 20620 .
yesterday volume traded super super small.

very big boys still thinking what to do next.
seems like we have to sleep too.

soon it will move after its sleep.

usdjpy exhibits similar pattern.

 

[maxinger]

 

[maxinger]

sleeping for 2 days already.
now hovering around 20620 .
yesterday volume traded super super small.

very big boys still thinking what to do next.
seems like we have to sleep too.

soon it will move after its sleep.

usdjpy exhibits similar pattern.

Nikkei decided to go down decisively

singapore simsci seems like wanting to accompany Nikkei.
yesterday simsci accompanied China A50. today perhaps it might change partner and accompany Nikkei

 

[ValueInvestor]

U might as well go start a blog
Rather than spamming this forum lol

 

[Perisher]

Ya, chillax. Let maxinger spam in his own thread lor. I don't mind reading his views, useful or not up to individual.

 

[maxinger]

 

[ValueInvestor]

i not attacking him or what wor lol

i just giving humble suggestion mah hahahaha

 

[Mecisteus]

spam here is still acceptable. dont spam in other threads and say why never short last year until now while you yourself is an intraday trader. the period of trade doesnt match.

 

[maxinger]

european markets view

stoxx50
interesting formation.
price hovering around 3500 level for many days already.
yesterday day range shrinked considerably to 0.9%
so? price is going to move soon.
again let the big boys lead the way. do not be hero and anticipate trend.


gold futures
price stabilised at 1116 level. no imminent signal to short.

wti crude oil
again overall downtrend.
price went down during early morning.
awaiting end of retracement

forex
not going to crack my head analysing choopy charts.
however it appears gbpusd trying to breakup

 

[maxinger]

My view for Russell future 2000,
Daily charting shown downtrends overall, as for now.

But is weaken because of that huge hammer man. The power of short is reduced. Which may leads to opportunity in counter trends trade in hourly chart. For now!!! I waiting for some good signal to long.

Target long for hourly chart is 1225 to 1230. I used trail stop.

yep. it appears that the level 1200 is rather resistive.
also yesterday formation is like bull flag with rather small day range of 0.8% only

 

[maxinger]

Yup, overrall the daily chart still indicates downwards, so a tight risk precation is needed.

yep. also tonight 2am there is FOMC Meeting minutes

 

[maxinger]

China A50 futures TA

now at 10600. and approaching significant support level 10000.
but on 8 Jul 15, price went down to as low as 8500 perhaps due to fat finger.

previous day range 7.5%
today day range narrowed down to 3.7%.

retracement pattern appears to be more organised.
most likely it is going to be challenging to trade as it is approaching the support level.

 

[maxinger]

yep. it appears that the level 1200 is rather resistive.
also yesterday formation is like bull flag with rather small day range of 0.8% only

the flag is gone.
overall it is range bound
between 1224 and 1200.

even bigger pix it is range bound
between 1280 and 1200 like toppish formation.

 

[maxinger]

 

[maxinger]

sgp simsci futures

there are a short signal at 9.01am.
it could be decisive break from ~336/340 support level.
ie price might be travelling on high speed expressway as yesterday was sleeping day.

next support level ~330.

 

[maxinger]

Interest rate futures

10y treasury notes ZN.
now around 128 in gentle up channel.
doesn't appears that trendy.
anyway have to get ready because fed could do something major.

eurodollar GE.
don't see much opportunity to do calender spreads.
must be those high frequency traders who arbitrage it till markets soo efficient.
price tends to move within tight band.
anyway have to get ready because fed could do something major

 

[maxinger]

now at 10600. and approaching significant support level 10000.
but on 8 Jul 15, price went down to as low as 8500 perhaps due to fat finger.

previous day range 7.5%
today day range narrowed down to 3.7%.

retracement pattern appears to be more organised.
most likely it is going to be challenging to trade as it is approaching the support level.

today day range narrowed to 2% only.
ie market quietened down into tight band.
price still above 10000 level.

 

[Futureskid]

spam here is still acceptable. dont spam in other threads and say why never short last year until now while you yourself is an intraday trader. the period of trade doesnt match.

This guy is not spamming, neither is he trying to predict the market, he's writing down his observation and thoughts process. Don't be a spam yourself by debasing what everyone else said, u can easily ignore it if u don't like.

Although i seldom read this thread, but i support it.

 

[maxinger]

US markets view

wti crude oil
i'd consider first signal to short was yesterday evening.
2nd signal early this morning.
if there is 3rd signal, risk is highest compare with first 2 signals.


US russell
seems like level 1200 can't provide support.
can draw bear channel on day chart.
day range continues to be healthy.
But! mind agility wrt trend analysis very important.
must be able to decode whether trend is
trend continuation OR trend reversal early.
past few days, many such challenging trends.
it will make difference between profit or loss.

trend continuation - when price is going down, look for signal to short.

trend reversal - when price is going down, look for signal to long.