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Scalping the HSI & the K200 (SIM)

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CanOz

CanOz

Home runs feel good, but base hits pay bills!
Joined
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Well this was certainly worth another thread IMO...compared to the practice i did on the DAX, the HSI is so fast. Even with the DAX on x3 speed its nothing compared to this. There must be quite an adjustment period in order to master this. At the same time there is some great momentum moves if you get on the right side. I'm using a 10 tick stop.

1 Contract to start with and I'm only taking trades that seem very obvious to me...Even then with prices flitting around so much i don't feel completely confident that the trades i took were based on anything more than the chart at this stage.

CanOz
 
Re: Scalping the HSI (SIM)

CanOz said:
Well this was certainly worth another thread IMO...compared to the practice i did on the DAX, the HSI is so fast. Even with the DAX on x3 speed its nothing compared to this. There must be quite an adjustment period in order to master this. At the same time there is some great momentum moves if you get on the right side. I'm using a 10 tick stop.

1 Contract to start with and I'm only taking trades that seem very obvious to me...Even then with prices flitting around so much i don't feel completely confident that the trades i took were based on anything more than the chart at this stage.

CanOz
Click to expand...

I'd be interested to see a few charts with your entries and exits, if u got time.
 
Re: Scalping the HSI (SIM)

Gringotts Bank said:
I'd be interested to see a few charts with your entries and exits, if u got time.
Click to expand...

LOL, its not pretty. On the plus side i'm being more disciplined with the stops as i really have no idea whats going on!!

The commissions would have killed me already...1500 HKD.

This is a remarkable experience.

CanOz
 
Re: Scalping the HSI (SIM)

CanOz said:
Well this was certainly worth another thread IMO...compared to the practice i did on the DAX, the HSI is so fast. Even with the DAX on x3 speed its nothing compared to this. There must be quite an adjustment period in order to master this. At the same time there is some great momentum moves if you get on the right side. I'm using a 10 tick stop.

1 Contract to start with and I'm only taking trades that seem very obvious to me...Even then with prices flitting around so much i don't feel completely confident that the trades i took were based on anything more than the chart at this stage.

CanOz
Click to expand...

What's the usual spread on the HSI? 10pts seems small unless you have the trembling hands.
 
Re: Scalping the HSI (SIM)

Got some points back on that last push higher....covered my theoretical brokerage anyway. Put me ahead for the morning. Scaling in has helped. Slippage could make this much worse.

CanOz
 

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Re: Scalping the HSI (SIM)

Bloody amateur hour! :cussing::swear::blbl::shake::banghead:

Blender...
 

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Re: Scalping the HSI (SIM)

CanOz said:
Bloody amateur hour! :cussing::swear::blbl::shake::banghead:

Blender...
Click to expand...

Yeah you want frustration. Have a look at my morning session. 80 RTs and still flat! LOL

HSI going nowhere!!.gif

Only doing slightly better for the arvo..... :rolleyes:
 
Re: Scalping the HSI (SIM)

When is rollover for the HSI? I'm getting all these huge block trades, i'm assuming its large rollovers?

When is the best time to start on the June Contract? This exchange is really hopeless, why don't they go with three month contracts instead of monthly?:banghead:

CanOz
 
Re: Scalping the HSI (SIM)

CanOz said:
When is rollover for the HSI? I'm getting all these huge block trades, i'm assuming its large rollovers?
Click to expand...

Last Trading Day: The business day immediately preceding the last business day of the contract month
Final Settlement Day: The first business day after the last trading day

When is the best time to start on the June Contract? This exchange is really hopeless, why don't they go with three month contracts instead of monthly?:banghead:

CanOz
Click to expand...

In general, you want to be rolling over to the next month 5-7 days before last trading day.

From the contract specs I can see, HSI definitely does quarterlies.
Contract Months: Spot month, the next calendar month, and the next two calendar quarterly months (March, June, September, and December).

From HKex
Screen Shot 2012-05-28 at 2.03.04 PM.png
 
Re: Scalping the HSI (SIM)

Thanks Sinner, i see the May contract has pretty much rolled already.

CanOz
 
Re: Scalping the HSI (SIM)

Nah not quarterly they are monthly. And the roll over date if you're trading is swap to next month on the day they expire(Expiry Day as per here.). That is trade the earliest month right up to the afternoon of Expiry Day.
 
Re: Scalping the HSI (SIM)

Well that's what i had previously thought, but whats with the huge lots going through this morning, i just figured it was rollovers?

CanOz
 
Re: Scalping the HSI (SIM)

CanOz said:
Well that's what i had previously thought, but whats with the huge lots going through this morning, i just figured it was rollovers?

CanOz
Click to expand...

Yeah it is but the actual roll-overs happen when the broker can be bothered doing it. Will go on right up to expiry day. That's why volume gradually rises towards expiry.
 
Re: Scalping the HSI (SIM)

Trembling Hand said:
Yeah it is but the actual roll-overs happen when the broker can be bothered doing it. Will go on right up to expiry day. That's why volume gradually rises towards expiry.
Click to expand...

Should i filter out these really big lots? Like stuff over 200 or something? appreciate your insight here...

CanOz
 
Re: Scalping the HSI (SIM)

I tell whats rubbish is this F******* market, it makes no sense:confused:. I think the only way to make money in it is to swing big size and take out all the stupid lemmings trying to figure out this stupid market:cautious: It so thin and illiquid you can't tell what its going to do next. I see no evidence of anything useful in the DOM at all.

At least in the DAX, the ES, CL, Bonds you can see big lots, obvious and iceburgs and the price reaction to them, the HSI will turn and reverse with just steady 1 or 2 lots...! I don't get it and i don't think i ever will, its stuffed!:2twocents

CanOz
 
Re: Scalping the HSI (SIM)

hahahahaha :nosympath

Trembling Hand said:
Personally I wouldn't bother using the DOM to flip a few ticks here and there now days unless its a particularly slow day (or time of day). There is just far to much happening in the world to worry about scalping, true scalping.

With that said DOM skills for execution and watching your bigger time frame ideas play out are without doubt 100% necessary to trade futs fulltime. If you can get a tick or two on your winners and a tick less on your loses over a career of full time trading thats equates to $100,000s.

Blind Freddy may be happy to just hit the market after a moves starts for his 8 trades a week but doing 20-50 trades a day on a handful of contracts - a few ticks per trade is real money.
Click to expand...

:run:
 
Re: Scalping the HSI (SIM)

I knew you'd love my rant...Maybe its because i keep falling asleep while watching the DOM that i miss all the obvious hints!:sleeping:....!

OR maybe its because i trade the DAX totally different, larger time frame etc....

Doh!

CanOz
 
Re: Scalping the HSI (SIM)

CanOz said:
I knew you'd love my rant...Maybe its because i keep falling asleep while watching the DOM that i miss all the obvious hints!:sleeping:....!

OR maybe its because i trade the DAX totally different, larger time frame etc....

Doh!

CanOz
Click to expand...

Interesting. I only really watch at predetermined price levels & time periods.

:bong:
 

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