Derivatives Trading

[ValueInvestor]

From daily chart perspective, there is reversed HS, the neck line has broken. Plus, the next level to lookout is 1150+++--- somewhere there. Is an areas.

u dun even know how to do your links properly

fail.........

 

[Perisher]

Just let them do what they like in their own thread. Don't challenge each other can?
Peace out.

 

[maxinger]

asian markets view

most markets are rather bearish.

sgp simsci
it seems that level 340 has been broken decisively.
then next support level 314, follow by 300

nikkei
now at 20040 which provides temporary support.
down momentum rather strong.
next support level 19600.


china A50
next support 10 000 level. when that level is broken, it means the chart has completed its massive head and shoulder formation.


taiwan TW
downforce very strong.
next support level - no idea where it is . because Next level seems to be very far away. perhaps use fibonachi to determine next support level.

India Nifty
it has been range bound between 8300 and 8650 for many weeks already.
so it will continue to be range bound until the chart says no.

 

[maxinger]

most markets are rather bearish.

sgp simsci
it seems that level 340 has been broken decisively.
then next support level 314, follow by 300

nikkei
now at 20040 which provides temporary support.
down momentum rather strong.
next support level 19600.


china A50
next support 10 000 level. when that level is broken, it means the chart has completed its massive head and shoulder formation.


taiwan TW
downforce very strong.
next support level - no idea where it is . because Next level seems to be very far away. perhaps use fibonachi to determine next support level.

India Nifty
it has been range bound between 8300 and 8650 for many weeks already.
so it will continue to be range bound until the chart says no.

look at how Nikkei gapped down.
it gapped down massively to 19600 which is the support level.

sgp simsci gapped down 0.8%
nikkei gapped down 2%
TW gapped down 1.6%

most likely after gapping down, markets might move sluggishly. anyway wait for big boys to make decision. then we trade accordingly.

 

[maxinger]

european markets view

stoxx50
yesterday long red candle and approaching significant support level 3310.

dax
also long red candle.
now at 13000 and approaching 10 000 psychological level.

what is going to happen today?
big boys will decide. just trade accordingly and don't anticipate trend.
price might move jerkily, or retrace up or pierce through support level.

 

[maxinger]

US markets view

US russell
yesterday long red candle. level 1200 finally broken

gold futures
price went up and pierce signifcant resistance line 1150 slightly.
then price going down with some momentum since 11am this morning.

 

[maxinger]

sgp simsci support levels

simsci monthly chart.
now price at 329

next support level 314
if broken, then next support level 300
if broken, then next support level 180


band between 180 and 300 level very wide. hope price doesn't go into that area because that is high speed expressway area.

 

[maxinger]

So how to profit very massively ?

SO? How to profit massively since the market is now very directional? Shown below are previous day range and key information.


sgp simsci 1.4% day range
level 340 has already been broken

Nikkei 1.4% day range
level 20000 has already been broken

China A50 3.8% day range
testing 10 000 level

Taiwan TW 1.5% day range
cannot find next support level because it is too far away

Europe stoxx50 4% day range
level 3310 has already been broken

US Russell 1.9% day range
level 1200 has already been broken

_________________________________________

So it appears that the great movers are are US and European markets. Asian markets might continue to gap down and then subsequently movement might be erratic.
so of the 3 major markets, choose the easier markets.


The other aspect of profitting massively is mind management.
If mind frame of mind is not right, u can't earn money.

Avoid reading news because reporters tend to use negative words (eg drenched in red! Chaos in Wall Streets).

Be confident and optimistic that markets will provide you plenty of opportunities and it is up to us to grab it.
This way, you will be able to stretch profit tremendously rather than taking meagre profit.

How many lots to use? Use anti averaging approach.
ie during start of trend, enter with multiple lots. If price move against your favor, cut loss as per your trade plan.
As price move in your favor, progressively cut down your position.

_________________________________________

 

[maxinger]

 

[maxinger]

 

[GreenTeaIceCream]

why boring?
morning - trade asian markets for about 3 hrs.

then nothing to do.

afternoon 3pm. trade European markes for about 3 hrs.

then nothing to do.

after dinner, perhaps trade European markets.

evening, trade US markets for 2 hrs. then sleep.

most of my trading is based on price actions ie charts needed.
exception is Market on Open trading - no chart needed.

Teaach me senpai! I want a life like that

Sent from seeking the elusive. using GAGT

 

[maxinger]

asian markets preopening analysis

nikkei gapped down 2.2%.
sgp simsci gapped down 2.3%.
TW gapped down 1.4%



those who have done swing trading earlier should be extremely happy. Next few days probably belong to the swing traders.


however, it might be bad news for day traders as after gapping down, those big boys might become confused / erratic / undecisive and the chart might be jerky / disorganised / erratic as in previous day.

 

[ValueInvestor]

Teaach me senpai! I want a life like that

Sent from seeking the elusive. using GAGT

he talked so much, but never even showed one winning trade before LOL

everyday just reporting market info

and saying market can go up and also can go down

LOL

 

[maxinger]

this opportunity comes once every decade.
so don't miss the opportunity !!!

 

[maxinger]

China A50

China A50 has broken 10000.

ie it has already completed its massive shoulder head shoulder formation.

 

[maxinger]

he talked so much, but never even showed one winning trade before LOL

everyday just reporting market info

and saying market can go up and also can go down

LOL

It doesn't bother me whether people believe me or not.

I am my own boss and I report to no one else.

I am more worried about not being able to earn 5 digits in a day as such opportunities occur once in a decade.
earning 4 digits a day is rather straight foreward.

 

[maxinger]

eur markets view

asian markets - many support levels have been broken.

stoxx50
level 3300 has already been broken.
seems like market is getting rather directional.
next support level 3000.

 

[maxinger]

dollar and cent

quite a few happy traders past few days.
some of them have been waiting for this opportunity for the past 1 decade.


honesty if traders earn just 3 digits per day (hundreds of dollars), that is rather disastrous performance actually.
hope they don't go Bedok Reservoir.

so when opportunity arises, we have to seize it and aim for 4 , 5 digits / day.
those big boys with deeper pockets probably have to aim for 5, 6 digits per day.


many traders working O/T to seize the opportunities.

 

[kletian]

quite a few happy traders past few days.
some of them have been waiting for this opportunity for the past 1 decade.


honesty if traders earn just 3 digits per day (hundreds of dollars), that is rather disastrous performance actually.
hope they don't go Bedok Reservoir.

so when opportunity arises, we have to seize it and aim for 4 , 5 digits / day.
those big boys with deeper pockets probably have to aim for 5, 6 digits per day.


many traders working O/T to seize the opportunities.

I'm with you that this is the opportunity of the decade if it really turns out to be the beginning of the global rout.

Any 'overpriced' tech/healthcare stocks on your shorting list?

 

[Yellowfin]

Pay day for future traders.