Play opening gap.

Current play I favored now is uptrend during overnight and downtrend during day.

As much as I think HKMA will intervened, their hands are tied to USD strength with the ex rate hitting the band. Selling pressure is strong.

China might not do much to help HK as its market is under attack as well, at least until it stabilized its own market first.

I'm rooting for hanwen unless I can see a spike showing some sort of drastic intervention. If so, the downtrend will be postponed for a day or two.

Then watch me get everything wrong later.

You help me tembak orang, ayam?

BabyTA, same here. Was a bit busy in the morning. So, thought I could buy and then checked at specific timing, got burned.

I'll cl at the rebound on 10.

HKD under too much pressure because USD been shooting up. HKMA will prob prop the market again at 10.

What a pain, hsif opened below my entry range for put, and I wasn't available at a computer to chase after the downtrend.

That was an unexpected quick drop. Hit target price and sold off before I got chance to move the target. Ikan bilis only.

Baby, around 670. But for this round I don't see much meat. 1 - 2 bid gain, I cabut.

Breached my resistance line, cl c and might reenter H.

Yeah, hit 700, I'll also 6c6c long.

Baby, I'm holding H until they close the opening gap.

Ayam, don't want to wait it try to close the gap first before put?

Today is a call day for me but lira news is unfavorable. If it open below my resistance point, Ill short instead.

I put 650 as it's the top of the band and the high of prior day. I figured that MM would try to hit resistance and fail, hence short at that position.

To be honest, I'm ready to short in the middle of the band given the bearish outlook, which hit already but I'm waiting for the upper end as margin of safety. So, I cashed out profit in 570 and see how it goes.

Bon, for now. I favor c till 650, where I'll u-turn and short, but if it shoot to 700. I'll cut it.

BabyTA, today should be ranged trading then. Closing price should be around opening if no new stimulus. Ding dong here and then, buy and sell when hit range bound.

BabyTA, I think theres a chance it can go to 850 to escape.

Like that ah, ayam. Change name to tinhai. I wanna short again.

Bon, didnt the news said previously the tariff was 10%. Now, Trump wanted to put in 25%. Thats a big impact irregardless.

BabyTA, it already dropped 700 pts. Should be the bottom barrel by now.

Sigh, the 700 pts drop I expected yesterday turns out to be today.

BabyTA, I'm for H as well short term, feel like China not done yet.

Aug 1, 2018 10:58 AM | Report Abuse

Trump wanted to charge additional tariff on China. Usually, on trade news like this, hsi dropped 5-700 points all day.

Slow action around midday then drop again towards the end.

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28717 - 28165 = 552 pts. High to low.

Only 500 points. A bit disappointing that it's not 700. Maybe if I count from last night close.

Trump wanted to charge additional tariff on China. Usually, on trade news like this, hsi dropped 5-700 points all day.

Slow action around midday then drop again towards the end.

Fyr, ssec spiking now.

Duit, that drama was my first exposure to stock market when I was a kid. Really bring back old memories.

At least, when Ting Hai is acting, there's only one sure direction for the HK market.

Life is like a hurricane here in Duck - burg
Race cars, lasers, aeroplanes it's a duck - blur!
Might solve a mystery, or rewrite history!
Duck King! woo oo

Busy with meetings in the morning. I still don't think there will be a plunge today. It'll ding dong here in range bound till close.

Though, cause I'm in meeting all day, haven't got time to open trade. Wish I got nice boss like duit to let me curi ayam and play.

This drop has no meat. Prop in place. As long as didn't drop below 500, I'm still inclined to c first.

If i got time, play the open gap.

Sold off my C, might reenter on retracement. I actually took leave today so that I can monitor. Else, my work is too busy that I didn't enter market most of the time.

Yeah, I bought it at much higher earlier.
Ideally, during rollover, C usually prevails as MM will boost the price to make up for lower priced futures.

But, the chart is looking ugly. SSEC is ugly. And I hit my cl point already. I'll wait to see in 10 mins if any change. Though I predict after lunch we'll see a surge.

It actually hit my cl level already. I'll wait until next pivot to see if I should disposed of it. For me, we are at the bottom of the day unless the price action showed me otherwise.

Jun, the bounce up didn't meet the target yet. Hence, this could be a subminute correction wave indicating another attempt to reach 292, and that hanwen -1000 drop won't happened tomorrow. Instead, it'll be climb again to try and reach 292 before the drop.

On the other hand, candle not nice means that there's a possibility of truncated movement since there's no momentum to push up. The path of least resistance is to continue down, and could indicate that already in c of c. Need to have selloff.

Lala, play only with money you can afford to lose. Hsi warrants shouldn't be kept long term. The price erosion can be severe. Hence, many tend to play intraday or at most a week.

If it's any consolation, I lost 2 years worth of salary when I started playing with warrants & stock. Don't be like me. It hurts, but that's a lesson to push to learn about thing beforehand. I like to jump into things and get going straightaway so I tend to ignore this, but you can try paper trade first to get a hang of things. Understand TA, support, resistance, and why callouts are given at those level.

If you can't monitor the index, don't enter. I lost most of my money for ignoring this, entering trades when I know I am too busy/tired to keep a proper eye during trading hours.

Careful, hsi shot up because of china's strength. However, china retraced but hsi didn't follow suit yet. It should do so later. Don't chase c at high.

If anyone wants to put, can wait till 3 for China to close.

Look at how SSEC jumped.

Anyone had any idea how to monitor trade at work? My time to monitor market fell off a cliff once I started working again. The number of trades I made really dropped.

The best I could is to leave a minimized browser at my screen but it's not efficient enough for me to get the big picture.

I'm not joining overnight, but wall street should be at the termination point.

I'm calling, because expecting small recovery. Nibbling, before put again.

Why will it bull? Powell is on.

For me, S&P is at the tail end of wave 2, going into impulsive wave 3 down. Unless it can show me that it still got more up leg, I'm bearish to think that its going to tilt over and hsi with it.

But with earning release now and all the share buyback, I'm seeing it holding a bit with small range. Maybe it'll show me that there's more up to go first.

I vote for US. Regardless of how China tries to project itself, it still cannot stand to US.

US had decades to build its dominance, China can get to the top, but it'll need decades as well. Right now, China need US more than US need China.

@ayam, don't work lah.

I also just recently return to workforce for few months, with my old comp. Not because of money etc, but because parental pressure. My mom still thinks a decent man is one in the office and not in the room all the time.

As a result, I don't have time to monitor during crunch time, and lost more money these few months than I have last year.

I'm finally free from the tyranny that is quarter close.

I'm not going to hold overnight, but if I do, I'll go call tonight with limited upside.

Tomorrow, I will hold put everything things to fall.
So sleep deprived...

I see a bit different eh. Go up till 28150 - 200 tonight, then switch direction and plunged.

But really busy these last 2 weeks, no time to enter and monitor.

@ayam, 50% means burn half the index. At that price, all upside gone. Only value left is the pure asset under the name.

China is supporting loh. Want to drop, cannot drop.

@pretty, I learned that Trump can be stubborn. The reason Wall Street stayed afloat previously even though Trump announced the tariff etc was because everyone thought it won't passed.

Indeed, when it looks like China extended an olive branch and Trump accepted, only to be shocked later when he was unhappy with the terms and continued to heighten the war. He is willing to let the bridge burn.

c3b is worth 4 cents only, don't dupe others into offloading it from your shoulders.