China Stimulus As a Bullrun Trigger

15 ott 2024

Fundamentals & Sentiment

HK50:
- Yesterday's news of 6 trlilion yuan stimulus

USD:
- Risks: pre-elections uncertainty, Middle East tensions, undervalued by market internals and CFTC.

Technical & Other

- Got in 5 minutes after the announcement during the US session; not the best entry technically

• Setup: Other
  
• Setup timeframe: 1h
  
• Trigger: 5m
  
• Medium-term: Up
  
• Long-term: Up
  
• Min target: Local highs
  
• Stop loss: 2.37%
  
• Position size: 1R
  

15 ott 2024

Trade attivo

Unloaded 1/2 during the same US session as it didn't hold after the initial pop higher.

15 ott 2024

Trade chiuso: stop raggiunto

The stimulus news didn't cause the expected reaction. Should we expect further downside?
I feel I was impatient entering this trade right into the local resistance. The expectations of the kind of previous wild swings screwed up my composure.