Saturday, September 5, 2015

Hang Seng Trading Plan

Hang Seng 10 min hammer/shooting star

TF : 10 min

1. Hammer or shooting star hit BB2 (better if hit BB3)

2 at least 1 R/R from MA20 to wick low

3. EP 3 pts above high

4. SL 10 pts below S/R or max 75 pips

5. Time must be at least 50 min before closing

6. All hands off for 3 candles. Money mgmt to manage position from 4th candle onwards

7. Journal in diary

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930R and 115R

1. Price must move more than 70 pts and hit BB3

2. Wait for close of 1 min candle and enter on 2nd minute

3. SL 100 pips , TP 100 pips

4. When price move 50 pips shift up 50 pips too. When price move to MA20 shift to BE

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BB20

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