Compared to the FX market which i’ve been trading it for the past 6 years now, this HSI market is such a volatility heaven. Its 1min chart has a nice form that’s very suitable for technical trading, thus providing lots of opportunity for doing intraday scalp trades. But need to keep tight SLs because the volatility can also bring hell up to the surface. lol.
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Our baby channel for this morning:
and then dropped downward, sold it at market for a 80pts target.
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Following a successful forward test on the GBPUSD conducted by our friend in Bali, we then realized that this particular system must had a good potential for several other markets with high volatility behavior. The first thing that came up in mind was the Hangseng index. Then we asked for a demo account from our close friend at Topgrowth Futures, where we were once teamed up in developing trading systems and trained their traders last year. We really like their “Pro-iTrading” platform. It’s very responsive, with good spread and commission for trading the Hangseng, very user-friendly interface, making it an ideal platform for running an intraday trading strategy.
And as expected, the system has been going well (so far) in this market. We’re going to continue the test and watch how it will perform. Good luck to us.
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FOREX QUANT 