AUSTRALIA 200 TRADE PLAN
MONDAY 2ND OCTOBER 2023
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AUS 200 CASH RECAP
Friday 29th September 2023
Asx Change: +24pts
Day Futures Change: -12pts
Overnight Futures Change: -33pts
S&P Move: -12pts
AUS 200 CASH MORNING OUTLOOK
HISTORICAL PARAMETERS
TRADING PLAN (Pending Open Gap / Pre-Market moves)
9:50am - Set LONG orders below 7000 in the event of major gap down / pre-market panic. This level would represent a price LOWER than 85% of previous end of day moves.
10:00am - Long at market. Additional Long orders set each 10pts below open. Stops set at 30pts, or under 10:15am low. Reduce position size from 30pts and above. Consider hedge against black swan event if premarket closes >10pts.
Cheers
Marto
Hi mate,
Pre-market for me is 9:50-10am.
Generally large falls (from 10am) will have much larger pre-market volatility than rallies. In the sample group, the one large outlier had an 11pts pre-market fall, which preceded further large falls. So basically if there are any significant pre-market moves, just a reminder to myself to stay alert/run some more scenarios and potentially hedge out some risk.
Consider hedge against black swan event if premarket closes >10pts.
coupla questions for followers of this stack, or Marto :
1.)
what time does the pre market close ?
and 2.)
closes > 10pts ...
does that mean 10 pts above Fridays cash close of 7048 ?
or 10 pts above some other level, like 10 pts over the open trad eof the day or somesuch ?