HSI Futures trading

[ThingyMajiggy]

No complaints about bots or Icebergulars today.

Haha yeah, didn't notice anything today, it was classic HSI today. Helped the SPI have a super strong finish too.



...500 posts!

 

[jonojpsg]

Ok, so I'm very new to trading the HSI - why was it classic HSI today? Why does it range so much - from -250 to +250 in half an hour!!!!

I was sitting there reading your post TH and the couple of others about my trade on this and took brty's advice, closed out the trade just as it went positive because I figured it was good advice. Then watched it run another 200+ points

I know my trading was ****e and had no rigour to it, but how do you trade the HSI with rigour when it does that? Does it have to be a situation where you are in front of the monitor the whole time? I guess that depends on what time scale you trade over - but to take full advantage of that sort of ranging you would have to be.

Thanks in advance

 

[ThingyMajiggy]

why was it classic HSI today?

I was meaning it was classic HSI in the fact that it was wild movement, relative to the last few days where its been pretty quiet for the HSI, today was back to "normal" you could say, where it just goes and goes fast.

But I ain't too flash at it either, TH is your man

 

[Trembling Hand]

I can answer your question but most don't like my reply so why don't you tell us how you think one should go about trading the HSI or any index/market for that matter.

Just as a starter.

 

[jonojpsg]

I can answer your question but most don't like my reply so why don't you tell us how you think one should go about trading the HSI or any index/market for that matter.

Just as a starter.

OK, well I try and keep up with the macro stuff going on, eg latest news, interest rates, economic data. That at least helps me trade from an informed perspective (OK so far?).

Then from the charts I would look for support/resistance points, short/long term trends, volume, etc. and identify entry/exit points.

Sort out my position sizing and stop loss based on current capital.

But that's all just parrotting what everyone already knows

So how do I get an edge? Is it intuition? Like today at about 2.30pm when with the HSI down 250 I thought "hang on, the way other markets look, ASX, Dow futures, oil, currencies, surely this has to move back up at least 100-200 points". Does the HSI, or any other index, work that way? What leads, the Dow, the ASX, Nikkei, FTSE, what?

Is it the latest data or news out, like what started my whole episode, the Fed emergency rate moving, which pushed the HSI down 600 points?

Anyways TH, I know you probably get sick of newbies asking stupid questions so I'll understand if you can't be bothered with me

 

[Mr J]

So how do I get an edge?

By finding situations where price is more likely to move a certain amount one way than the other, or move a further distance.

 

[Trembling Hand]

China is positive, HSI still an inside day and ranging upwards. Wonder if they can pull the rest of the sorry suckers along today?

 

[Broadway]

China is positive, HSI still an inside day and ranging upwards. Wonder if they can pull the rest of the sorry suckers along today?

Imo, gold, copper, euro and oil were bought after the crappy consumer confidence number.
ES has already responded a little, ES up 8 off its 5am low of 1090.
NK rose 100 of its lows of 10130, but fallen back 50, which has got me slightly worried.
Im hoping 4640 on the spi provides some resistance.
We'll see in the next 48hrs.

 

[ThingyMajiggy]

Pretty quiet so far for HSI

 

[Trembling Hand]

Anyone watching the HSI through IB? My data (mainly DOM) keeps freezing every couple of minutes for about 10 secs. like it is dropping out connection but saying that I'm still connected in the "Market data Connection" thingo.

c:

 

[ThingyMajiggy]

Anyone watching the HSI through IB? My data (mainly DOM) keeps freezing every couple of minutes for about 10 secs. like it is dropping out connection but saying that I'm still connected in the "Market data Connection" thingo.

c:

Fine here

 

[Trembling Hand]

Fine here

Really? Grrrrrrr!! Looks like early Beer O'Clock for me.

 

[skyQuake]

Really? Grrrrrrr!! Looks like early Beer O'Clock for me.

Come back to the SPI!:vader:

 

[Trembling Hand]

Come back to the SPI!:vader:

Would prefer to get a job serving :alcohol: to pimply faced 18 year olds and cocaine addicted hedge fund workers than trade that negative sum game

 

[skyQuake]

negative sum game

Oh wow thats an apt description lol...

 

[MRC & Co]

Oh wow thats an apt description lol...

Was that you boys buying the cash yday when the rest of the world was tanking quake?

SPI has hit entirely different levels now! Never seen the market manipulation of the book like this, several levels of one side of the book can disappear now in a fraction of a second!

 

[Trembling Hand]

Was that you boys buying the cash yday when the rest of the world was tanking quake?

Wasn't that something. Bloody aussie casino. She's rigged in the houses favour for sure. I mean WTF was that yesterday. I didn't trade it, too much fun to be had in Honkers :, but I certainly noticed it.

What a joke.

 

[MRC & Co]

Wasn't that something. Bloody aussie casino. She's rigged in the houses favour for sure. I mean WTF was that yesterday. I didn't trade it, too much fun to be had in Honkers :, but I certainly noticed it.

What a joke.

Yeh. It is actually funny that they get away with it. Shows how small the market is, so much so, it is no longer a market, you now have to work out how many have positions one way so you can try go with the bot that fukcs them all!

Well that's it for me for scalping anyways. Onto much bigger game!!!!

 

[Trembling Hand]

Well that's it for me for scalping anyways. Onto much bigger game!!!!

Selling to cocaine addicted hedge fund workers?

 

[MRC & Co]

Selling to cocaine addicted hedge fund workers?

ha ha ha. Or being one!