Ok, my entry was off by 1 day ... which induced me a 5%
draw down on it ... but I'm dumping now, getting close to the 9ema
... i'm not gonna push my luck in this crazy a$$ volatility
...
mia- godd for you! I sold my remaining PEK today.
The reason I like PEK is because when I looked at the chart
history it mirrors the SSEC extremely well, much better than the
FXI. However FXI has MUCH better volume.
anyway sure it was a small gamble for us buying PEX and FXI a
couple days ago, but I think it made sense. SSEC had fallen
to the 200 day MA and was too over extended in the short term, the
news was so negative, my neighbors were all discussing China and
when they discuss it and how bad it is, I knew that it had to be
close to a tradable bottom at least.
Technical analysis is also about analyzing emotions and the
negative emotions were too extreme one one sided
anyway I sold half of PEK yesterday and closed out the rest
today.
my only problem is that I did way too small of a position
size
FXI
Posted by mla127 on 7th of Jul 2015 at 01:42 pm
Nice hammer way outside the BB ... Just cracked a fortune cookie and it says "For the brave soul out there, a long trade might be in the air" .... :D
FXI - Update
Posted by mla127 on 10th of Jul 2015 at 10:59 am
Ok, my entry was off by 1 day ... which induced me a 5% draw down on it ... but I'm dumping now, getting close to the 9ema ... i'm not gonna push my luck in this crazy a$$ volatility ...
mia- godd for you! I
Posted by matt on 10th of Jul 2015 at 11:03 am
mia- godd for you! I sold my remaining PEK today. The reason I like PEK is because when I looked at the chart history it mirrors the SSEC extremely well, much better than the FXI. However FXI has MUCH better volume.
anyway sure it was a small gamble for us buying PEX and FXI a couple days ago, but I think it made sense. SSEC had fallen to the 200 day MA and was too over extended in the short term, the news was so negative, my neighbors were all discussing China and when they discuss it and how bad it is, I knew that it had to be close to a tradable bottom at least.
Technical analysis is also about analyzing emotions and the negative emotions were too extreme one one sided
anyway I sold half of PEK yesterday and closed out the rest today.
my only problem is that I did way too small of a position size
like this sentence
Posted by tsurplus on 10th of Jul 2015 at 12:06 pm
"my only problem is that I did way too small of a position size"
-- ALL my winners have too small a position size !!!! Dont remember one where I have a big enough size :-((((
yep that area getting over
Posted by matt on 7th of Jul 2015 at 01:56 pm
yep that area getting over stretched in show term
hey, just ask the Chinese gov to give you a free loan to invest!
hahahaha ....
Posted by mla127 on 7th of Jul 2015 at 02:25 pm
hahahaha ....