vrijdag 13 februari 2009

Trading the Nikkei index

On 13/02 at 17:59:56 one NIYH9 was bought at 7720. Of course, it fell afterwards to 7675 then rose to 7785 (didn't sell yet, hoping for a spike in the YMH9 contract.

Indeed, this has proven very profitable. Trade the Nikkei when it home market is closed and trade it solely on expectation value. Each time the DowJones drops, the Nikkei moves the same way and the same magnitude. If you are wrong at the end of the trading day, you can *hope* that the actual market will not move teh next day beyond your *entry* point.

20h30 still not sold the contract, DowJones hoovers around 7885 which is just on a rising trend line. NIYH9 at 7740b/7755a. Usually spread is 10 point, so you can get in between and trade at a better price.
20h31 NIYH9 at 7720b/7735a because DowJones back -75 points.

Wonder hwo this trading day will end.

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