HSI Futures trading

[ThingyMajiggy]

What are the lines on that chart TH?

 

[Trembling Hand]

What are the lines on that chart TH?

I cannot tell you that, unless you don't mind me killing you after?

Its a proprietary pre open range & direction predictor.

 

[ThingyMajiggy]

I cannot tell you that, unless you don't mind me killing you after?

Its a proprietary pre open range & direction predictor.

Haha, yeah go for it :

...or current day OHLC?

 

[Trembling Hand]

Just a little note.

These dudes have some good stats on Futs.

They added the HSI but had the wrong month contract. I sent them an email this morning to tell them that HSI is monthly expiry and they have updated it. Very nice service.

http://www.mypivots.com/dn/?symbol=304

 

[Naked shorts]

thanks for that, saves a bit of time

 

[ThingyMajiggy]

lol.

bit of a SPI vs HSI, thought it was quite funny, us Aussies are lazy pricks aren't we

 

[georgey]

How come HSI is holding firm while others are dropping?

 

[Trembling Hand]

Cuz its closed

 

[georgey]

Unclear question deserves ....., HSI has been firm last day or two
while others were weak, that's what I meant.

 

[georgey]

This seems to have a life of its own at the moment, uptrend since
end of March. Wondered about shorting it this week, hence my earlier
question. In hindsight, should have gone with the trend about 21,750
on breakout. Guess one doesn't need any answers to do that.

 

[Trembling Hand]

Its just playing catch up to whats around it, Japan, Kospi, Taiwan etc .Its actually been really strong since the 26th of March when it had that large range day up after gapping down.

 

[Kryzz]

Is the HSI relatively expensive to trade? seems like commission adds up?

HSI - Commission round trip - 60 HKD + 1 tick spread = 110 HKD (15 AUD)

SPI - " " - 10 AUD + spread = 35 AUD

considering the value of a HSI tick is about 7 AUD (ie, greater % of profit), regardless of how bad the spi is etc. etc, sorry, noob question

thanks



http://www.interactivebrokers.com/en/p.php?f=commission

 

[Trembling Hand]

There is more to it than costs per tick. The spi is @ 5000 so a tick is 0.02% of a move.

and the HSI is @ 22300 so a tick is 0.004% of a move. You need a much smaller move to cover the HSI cost. Not to mention that 0.02% for the spi is an absolute HUGE move. :

 

[Trembling Hand]

Nutters paradise on the HSI today.

:whip

:jump:

 

[ThingyMajiggy]

What was with the HSI today? Dropped 300 ticks in both sessions, delayed reaction to Friday or what? Nothing else seemed terribly weak.....that I saw anyway. Seemed to drag the SPI down with it.

 

[Broadway]

HSI often moves because its predicting whats coming in the ES that night. There were trades on peaks in the spi and Nikkei that suggested a down night as well.

 

[pauleyh]

Hi All,

I'm just switching over to the Asian markets after trading the US for the last few years (NQ & ES intraday mostly and some ETF's - QQQQ, DIA, etc). I'm based here in Melbourne (was working nights).

Would appreciate you guys could offer. I'm looking at the Nikkei 225 index until I get my feet settled and I can look at the HSI. Some questions for the experts below (all symbols quoted are just from my Interactive Brokers quote pages).

1. Nikkei futures: what is the trading choice for most from Nikkei full vs mini and OSE.JPN vs SGX. There are 4 contracts and it seems the N225M (japan, mini) has the largest daily volume by far - yet I've seen people only really refer to the SGX traded Nikkei (SGXNKM for mini, SGXNK for full).

2a. HSI futures: Which of the two HSI contracts do people trade - the full (HSI) or mini (MHI). The mini charts look rather spotty and not easily tradable so I'm figuring the HSI but was after your thoughts.

2b. HSI futures: My HSI charts stop trading at 5.45pm AEST when the HKFE wesbite says trading closes 30mins later at 6.15 AEST. Any thoughts?

3. Other futures: I've briefly looked at MSCI Taiwan Index (STW), SGX Straits Times Index (STI), Topix Index and it's mini (TOPX & MNTPX) and Japan Govt Bonds (JBG). These have reasonable daily volumes but charts don't seem easily tradable so just wondering if anyone actually trades them here.

4. IB TWS data feed: I inserted some pics below when opening charts directly in Interactive Brokers for STW, STI & SGXNK, SGXNKM. They look really bad (or are blank) however I've read here that people find the IB data feed fine for intraday futures trading. Any comments would be great.

Thanks guys, I know it's alot of questions so would appreciate any help you can give. Cheers. Paul.

 

[pauleyh]

PS: I forgot to mention the Kospi 200 Index futures (K200). Does anyone have problems charting the data? I can bring up a normal chart in IB TWS but when it comes into my charting platform (TradeStation) it's totally different.

 

[Broadway]

Hey Pauley,
I dont know what most trade but I can help a little.

1. I sometimes trade the sgxnk, it runs tick for tick with the n225,n225m and topx. The reason I trade it is, that it runs to 3am so you can take profits/losses late if you want to wait for the US a.m. trend. It also opens before the spi and can give the spi a lead if there is japanese news at 0950. The other 3 dont go far into the night. I looked at the sgxnk mini once and it appeared to have little volume.

2a. depends if your rich or not, you can still get volume on the MHI, the issue is that we are 1-2 seconds from the HK exchange in sydney so fast trading is difficult. TH would know more.
2b. Charts should go to 1815 aest, check time constraints on your charts parameters. It works for me.

3. stw-sgx is traded by some and I have it on my Asian chartbook, it doesnt move too far from the k200. And it does run into the night to about 1 am I think.

4. I use IB linked with Sierra Charts and it works well.
Your stwsgx chart has false ticks way outside the range. This sometimes happens when you download old IB data.
STI, I dont know about but try June or it may just not be traded much.
SGXNK and all the nikkei futures are on 3 monthly rollovers, so you need the june contract.
SGXNKM I dont think is traded, just dead i think, but could be wrong.
Good luck.

 

[pauleyh]

Thanks very much Broadway, really appreciate your taking the time. Yes, my chart session settings were wrong so thanks for confirming.

One follow up question if I may -

1. What data feed do you use for K200 futures/options? I'm finding IB unreliable and eSignal doesn't supply Korean futures data as yet - so am lost for a K200 data feed.

Thanks again, Pauley.