Thursday, October 20, 2016

LIVE Trading On 17 Oct At SGX

More than 150 people came on the Monday morning 17 Oct to watch `A Live Trading’ demo session at SGX Centre where I traded the Hang Seng Futures Index  and STI.   I found out that all the participant except one has never watch a Live Trading session like this one. Many took leave to come as they were curious to find out how a professional trader conducts Intraday or Day trading on  Hang Seng Index. At  0900 , I started by showing the crowd the overnight chart of Hang Seng and ask them whether they would be bullish or bearish on HSI index by just looking  at the HSI chart. The response was muted and mixed, the crowd was not certain  which direction HSI will trade when it opens for trading at 0915.

I told them I too do not know where HSI will be heading if I don’t have a plan. I show them my HSI  Trade Plan or I would sometimes call my `Battle Plan’. I told the crowd that from analysis of my tradeplan I believe the HSI will be weak and will trade down today.

On trade plan were only  trendlines and support resistance lines derived from volume analysis. I explained that that’s how my  tradeplan will look like because my core strategy is using Price and Volume analysis.

Right from the opening bell at 0915 to 1130  there  was plenty of action of action. I switched my  HSI chart from the daily and 30 Min timeframe to the 1 min timeframe to execute my trades.

It was a great day for me because the Hang Seng Index moved exactly according to my tradeplan, prices were resisted  at every planned resistance lines and supported at every planned support lines.

I was glad the participants were convinced at the end of the session that trading is never by chance or a form of gambling, it involves a skill set that could be acquired through training and trading.

Overall it was an memorable experience for me and the participants.

All posts and charts are for educational and illustration purposes only

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