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According to JLC Network Technologys calculations, as of the sixth working day on September 7th, the average price of benchmark crude oil was $91.25 per barrel, with a change rate of 4.04%. Domestic gasoline and diesel retail prices should be increased by 200 yuan per ton. The adjustments are based on: 1. the structure of domestic crude oil imports and the settlement benchmark commodities; 2. minor adjustments may be made during the pricing mechanisms operation based on import structure, etc., and JLC Network Technology will revise accordingly; 3. At 24:00 on August 28th, domestic gasoline and diesel retail prices were increased by 375 and 360 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round of prices is 24:00 on September 11th.Futures News, September 7th: Crude oil prices remained high, with positive news and cost factors supporting fuel oil traders to maintain prices and increase sales. Downstream buyers, focused on immediate needs, operated cautiously, pushing market prices steadily upward. Overall market trading sentiment was positive, and domestic fuel oil negotiations are expected to continue their steady upward trend today.On September 7, according to the Saudi Ministry of Foreign Affairs, Saudi Foreign Minister Faisal and British Foreign Secretary Miliband held a telephone conversation to discuss developments in the Middle East and emphasized the importance of easing tensions. In a statement, the Saudi Ministry of Foreign Affairs said that Faisal and Miliband reviewed bilateral relations and discussed the latest regional and international situation and its impact on security and stability. The statement also noted that "the two sides also discussed the importance of strengthening diplomatic efforts to ease tensions, enhancing the security of international waterways, and ensuring freedom of navigation."The US non-farm payrolls report for August exceeded expectations, causing a sharp drop in spot gold and silver prices before a rebound. Currently, they are trading in a narrow range. A chart provides a quick overview of the pre-market prices of gold and silver, converted between domestic and international markets.As of 8:30 AM Beijing time, spot platinum was down 0.08%, while spot palladium was up 0.10%.

How to choose right time to open a position?

Eden

Oct 25, 2021 13:27

The key to an investment strategy's success is choosing the right time to enter the market.

Most people think that the basic purpose of entering the market is to improve your timing in the market, thus increasing the reliability of the system. Most people who design trading systems just want to find a "good" market signal. In fact, the direction of the transaction is only one part of the entire transaction, and more importantly, to find an effective opportunity to enter the market.

1. channel breakthrough

As a trend tracker, assuming that your goal is never to miss any big fluctuations in the market, what kind of market signal can you use? The usual answer to this question is a market entry signal for a “channel breakthrough”. Basically, you are either entering the high end of the bulls in the market for nearly X days, or entering the lows of the shorts near X days.

2. based on the visual entry of the chart

Many experts do not have an exact market entry signal. Instead, they visually observe some charts and act on their intuition.

Many people take the visual interpretation of the chart a step further. For example, the beauty of technical analysis is to focus on many types of market models formed by the market. The chart patterns include gaps, peaks, key callback days, advancement days, operating days, internal days, and large fluctuation days. These patterns are generally used as short-term trading signals.

3. Volatility breakthrough

A breakthrough in volatility essentially refers to a sudden, drastic change in the price as it moves in a particular direction. Assuming that the average real price range is three points, we may define a change of 0.8 times the average real price range (relative to the previous closing) as a volatility breakout, which is 2.4 points. . Suppose today's closing price is 35 points, plus the volatility breakout is a 2.4 point change after the close. Either rise or fall. If the price rises to 37.4, then you have an upward volatility breakout and you want to buy. And if the price falls to 32.6, then you have a downward volatility breakthrough and you want to leave the market.


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