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Xiaomi Group (01810.HK) repurchased 10.5 million B shares on May 28, spending nearly HK$300 million.On May 28, Futures Exchange issued a notice revising the "Detailed Rules for Lithium Carbonate Futures and Options Business of Guangzhou Futures Exchange" to strengthen risk control and ensure the smooth and orderly operation of the market. The notice adjusts the position limits for general months of lithium carbonate futures contracts: Starting with the lithium carbonate futures contract LC2610, from the date of contract listing to the 9th trading day of the month preceding the delivery month (i.e., the general month), the position limit is 5% of the contracts total open interest when the single-sided open interest exceeds 60,000 lots, and 3,000 lots when the single-sided open interest is less than 60,000 lots. 1. CITIC Securities Futures stated that the adjustment changes the position limit from 3,000 lots for contracts with a single-sided open position of 30,000 lots to 3,000 lots for contracts with a single-sided open position of 60,000 lots. The position limit for contracts with a single-sided open position exceeding 30,000 lots (10% of the contracts open position) has been adjusted to 5% for contracts with a single-sided open position exceeding 60,000 lots. This can be understood as a reduction in the position limits. Industrial clients can apply for hedging quotas according to their operational needs; this adjustment will not affect their participation. 2. A relevant official from the Guangzhou Futures Exchange stated that, based on a thorough assessment of the products operation and in accordance with market development needs and the requirements of "strengthening supervision, preventing risks, and promoting high-quality development," the exchange adjusted the position limits for general months of lithium carbonate futures to ensure the stable operation of the futures market. Furthermore, the Guangzhou Futures Exchange will continue to optimize product rules, strengthen risk assessment and market supervision, and strive to ensure the safe and stable operation of the futures market.Mizuho Bank: Raises its price target for Dell (DELL.N) from $300 to $350.Mizuho Bank raised its price target for Micron Technology (MU.O) from $800 to $1,150.TD Securities: The Federal Reserve and the Bank of Canada are expected to keep interest rates unchanged in 2026.

Minute chart trading method for day trading

Alyssa Hertig

Oct 25, 2021 13:27


Minute chart trading method for day trading - Support & Resistance

1. Identify Support & Resistance  

The line connects with the two price reversal points called support line or resistance line.  When the reversal turns to the downtrend becomes the resistance line. When the reversal turns to the uptrend becomes the support line,

as shown in the figure:

外汇1.jpg 

 

2. Make Positions and Set Stop Loss

Make short positions near the Resistance, and set stop loss above it. Then close out positions before the price reaches the support level.

外汇2.jpg 

 

Make long positions near the Support, and set stop loss below it. Then close out positions before the price reaches the resistance level.

外汇3.jpg 

 

In terms of price action analysis, your profit target should not be above strong resistance or strong below support.

This is a very simplified method, Support & Resistance can be found in all sorts of market environments.


And this method is very effective, even if the direction of our position is wrong, we can just stop loss and close out. The loss is in our control.


One minute price chart with Support & Resistance, trading easily and controllable. It is the first choice of foreign exchange trading strategy and entry-level trading method for novices.


Without long-term focus on the price trend and large amount of data and news, trading become a much easier thing for us!