Will price goes back up to fill the gap, will price continue to drop drastically? More than 500pts drop always posts a problem for my strategy, which is trading based on differential changes.
Thus I decided to wait for a while, and let price settle down after 10.15am HK time. 22200 seems to be the strong support for the session. At 11.40am, I made a long @ 22200, assuming a double bottom. TP1 is at 22250, which is later done at 11.45am. TP2 is at 22300, which was missed. Price went back down to 22200, and 2nd contract exits with a breakeven.
Thus total win for the morning session is 50pts profit (HK$500 for HSI Mini contract).
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