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Data:2009-12-12 2:34
Different futures and stock trading: T +0 futures trading, the stock is at present the implementation of T +1 transactions, which determines the period of time different. In the futures operation, for professional investors, you can do in 1 minute a few back and forth, so the exchange can take 5 minutes or 1 minute unlocked the cells, and in the stock exchange, the use of short-cycle is not the meaning large, however, warrants because it is T +0 transaction, the same can also be used as short-cycle open futures open interest.
Investors in the futures, I have often encountered such a dilemma: on line is bullish, while the 30 minutes or 60 minutes lines are bearish, that is, the non-uniformity of the different cycles. So to what is standard?
We should follow the principle: long-period short-period subject. Midline with the short-term, not the length of time positions, but generated by different periods of fluctuation size. With copper, for example, the use of on-line to operate, resulting in the trend may be 5000 points or more, but with 5 minutes or 15 minutes to operate, resulting in the trend of only a few hundred points or less. In practice, the transaction can be fixed in order to make the center line on-line, or 5 minutes to do short-cycle open positions here only profit stop is required. Of course, if the method of combining the use of short-operate in is a higher realm.
In addition, the trend was clear long-period case, you can open a shorter period to find open positions of the point position, and there are two kinds of operations should learn ways: First, the trend was clear in the longer-cycle situation, the use of short - cycle chase and sell into. For example: in December 2005 1 Date occurs to see how the trend of aluminum can be used for 15 minutes or 30 minutes of short-cycle chase, because very often the trend came out, are based on sideways instead of callbacks, and so would like to eat in the following the idea of a bargain will often come to nothing; the second is a longer cycle, emerging trends, the use of short cycles bargain-hunting, or sell into rallies. For example: November 7, 2005, can be found from the 60-minute meal downtrend, it should be used to carry out short-cycle sell into rallies.
Each investor has a different psychological bearing ability and financial strength, so take a different cycle of operation to be suitable for them, for example, Zuo Gupiao take 60 minutes or day line has been adequate, because that can not be liquidated; while operating futures if you use the contour unlocked the cells and it appears that they cycle too long, because it is a leveraged transaction, if the line to stop with the weeks, then suffered the loss may be significant, This is no small investment plans and financial strength to bear the general investors can not be , but with 5 minutes or 15 minutes to conduct transactions, although the loss suffered will be very small, but it is really big move, they are unable to obtain a larger profit. What kind of cycle used to operate, in fact, not certainty. To combine the short to medium-cycle transactions, is more satisfactory operation.
