7/3 HSI Analysis Today:
After planning the weekly trend yesterday, we can look for key trading positions within the hourly chart for day trading. Currently, in the 1-hour chart, the trend is likely to test the 18000 price level.
When the price reaches 18000, you can try to short with small lot sizes, ensuring a stop loss is set. Refer to the 'key prices' for guidance. This is a more aggressive approach to trading.
For a conservative approach, if the price drops to 17800, short positions can be entered, and again, make sure to set a stop loss.
The instructor reminds us that the above are intraday short trades, and should not be held long-term. Enter and exit positions on the same day to avoid overnight risks and potential gaps that could expand losses.
Note that quotes may vary across different platforms and brokers. Although prices may differ, the trend analysis remains unaffected. Do not follow trades blindly; losses are your own responsibility.
