my low bid long on the china A50, was taken up today, with its level dropping 5%....... my position being just below its current level......
my strategy stems from the view that the Chinese government would like the A50 to hover around these current levels of the last few months and is acheiving this by manipulating its share market, its interest rates and its currency........ it appears that way at the moment .............so I have had short bids at 5% above its recent mean level and a long bid at 5% below the recent mean level with idea of trading the high and lows within this trading band of the last few months......
