Open in a certain relationship with a certain known level, imply buy on drop to a certain level X points above a certain pre-determined level. Buy 2 @ 23080.
Stop of say 30 points hit, Sell 2 @ 23050. Loss = 30 points per contract. Flat.
Goes > Y % below same pre-determined level as in 1, sell on rebound to X points below that level. Sell 2 @ 23060.
Cover half if move to within X points of the next pre-determined level in desired direction. Buy 1 @ 23022. Profit = 38 points on 1 contract.
Cover half if move to within X points of the next next pre-determined level in the same direction. Buy 1 @ 22963. Profits = 97 points on 1 contract. Flat.
Nett result for morning = HK$3,750 per 2 contracts. That’s HK$15,000 per 8 contracts.
Versus Asterix’s sometimes anyhow humtum and sometimes not anyhow humtum results of HK$16,310 on maximum of 8 contracts. Lucky only!
Open and then goes Y% above same pre-determined level as in 5. Buy 2 @ 22963.
Certain indicators on certain higher time frame(s) confirm a reversal is more likely than not. Okay, no need to panic, can fall asleep.
Cover half if move to within X points of next pre-determined level in desired direction. Sell 1 @ 23002. Profit = 39 points on 1 contract. Move stop up from 30 points below purchase price to X points below same pre-determined level as in 8.
Cover half if move to within X points of next next pre-determined level in the same direction. Sell 1 @ 23060. Just nice 1609 hours. Why take so long arh! Gu niang! Profit = 97 points on 1 contract.
Nett result for afternoon = HK$6,800 per 2 contracts. That’s $27,200 per 8 contracts.
Versus Asterix’s sometimes anyhow humtum and sometimes not anyhow humtum results of HK$7,274 on maximum of 8 contracts. Not so lucky this time!
For the entire day, the system if judiciously applied, performed better than Asterix’s discretionary methods. Same as for most other days. Pretty consistent in this regard.
Should be able to get better than X points of target entry/exit level if combined with discretionary factors, but not throw away framework altogether and rely totally on discretionary factors.
Find way to fit scaling in and out within general framework, shouldn’t be too difficult.