week10 ( +700) Hang Seng Shorting from strong Resistance

Did well in this type of trade, and this is the type of trades that I want to keep repeating.


First saw Hang Seng struggling to break 25000 level with 52w resistance confluence.

week9 Hang Seng hns 260215


Price eventually tested 25000 for a few times but could not break it.

week9 Hang Seng h1 divergence 260215


As price came to week10. I saw gapping up as a chance to add in more entries.

week10 Hang Seng m15 gap open 020315


Bearflag appearing on Monday. I held on to 25000 short positions, a very nice place to be shorting from.

week10 HSI bear flag pending h4 close 030315


TP1 reached 2 days later on week10 Wednesday when price reached the neckline.

Understanding the anatomy of chart patterns in relation to key levels has helped me to craft a very good trading plan. I can see how prices have been building up and know in relation how trades could have better entry n exit points.

I am also gradually forming up the type of price patterns that I am playing off: they are mainly right shoulder, or flag play.

week10 HSI D1 tp levels 040315


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s