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HSI Futures trading

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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
 
jonojpsg said:
why was it classic HSI today?
Click to expand...

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
 
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.
 
Trembling Hand said:
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.
Click to expand...

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
 
So how do I get an edge?
Click to expand...

By finding situations where price is more likely to move a certain amount one way than the other, or move a further distance.
 
China is positive, HSI still an inside day and ranging upwards. Wonder if they can pull the rest of the sorry suckers along today?
 
Trembling Hand said:
China is positive, HSI still an inside day and ranging upwards. Wonder if they can pull the rest of the sorry suckers along today?
Click to expand...

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.
 
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:
 
Trembling Hand said:
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:
Click to expand...

Fine here
 
skyQuake said:
Oh wow thats an apt description lol...
Click to expand...

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!
 
MRC & Co said:
Was that you boys buying the cash yday when the rest of the world was tanking quake?
Click to expand...

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.
 
Trembling Hand said:
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.
Click to expand...

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!!!!
 
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