Futures trading systems very important in futures trading. One of futures trader weaknesses in Trading Futures is having emotion. Trading systems can help futures traders.
If futures traders are controlled by their emotions, the future trading activities are based on greed and fear. If futures investors are affected by greed and fear, we would have a stressful trading life.
If we take profit, we are not happy, because it is too small and if we are losing, we are not happy because we are losing money. This situation is faced by many futures traders and mostly would lead into giving up the futures trading. They would think that futures trading is not the right invest tool for them.
Greed and fear means no trading system. Please evaluate your futures trading activities, are they controlled by your emotion, in term of greed and fear ? if yes, then you don't have any good trading systems. Why? because if you do have it, you would trade based on the trading system, right?
If you don't have any profitable futures trading system, please do futures trading analysis and before continuing your futures trading activities, please find profitable systems futures trading.
Greed and Fear Means No Trading System
Hang Seng Breaks Three Day High
Futures Trading Analysis for Discount Futures Trading.
Wow, today Hang Seng Futures broke three day high on the first trading session, which were :
- yesterday 's day high at 25740
- two days ago 's day high at 25847
- three days ago 's day high at 25900
Hang Seng opened at 25727. First, Hang Seng futures touched yesterday 's day high but haven't crossed yet. Hang Seng index futures went back to opening price then crossed yesterday middle point at 25651.5, ranging for at least 15 minutes, Hang Seng went back to its opening price.
After crossed its opening price, Hang Seng crossed the first day high, which was yesterday 's day high. After that Hang Seng went to two days ago 's day high, Hang Seng touched it then went down for 53 points. But Hang Seng redeemed itself by crossing the second day high which was two days ago 's day high.After Hang Seng crossed the second day high, Hang Seng went straight to crossed the third day high within a single 1 minute bar. Then Hang Seng went up for about 90 points and closed above the third day high for the first futures trading session.
Conclusion :
- Hang Seng only needs less than thirty minutes to cross all three day high
- if our entry points are at the day high, it would be better to give a space, at least 1 point
- beware of futures contract expiration date
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