HSI Futures trading

[sinner]

The futs instrument itself attracts a bit of volume, about 4 times the spi for example, but the underling index only has 45 or so stocks in it, back of the envelope calculation its about 20% of the market Cap of the ASX200. So the fundamentals of the index is relatively thin. Therefore it moves more like a high priced stock than an Index.

Plus yes also the condensed trading time without any overnight trading helps to create an action packed session.

Ya might want to have a look also at STW (Taiwan out of SGX) and the Kospi.

May not be long Into hosipltal on Wed for a minor 4 hour heart operation!!!!! The rewards of a life time of daily exercise!! irony!

Thanks T/H, a lot to think about in there. I did take a look at the Taiwan index recently, but for a different sort of system.

I definitely notice in markets with smaller trading time that there is more of a sense of "urgency" during the trading, fund managers and the like who have to do certain things at a certain time I guess.

Here is me wishing you good health and speedy recovery for your operation, I hear they are cancelling both trading sessions for the day due to a lack of liquidity

 

[Trembling Hand]

Sorry to hear that TH.

I'm guessing adrenaline over-production is the culprit?

Don't worry M8, only the good die young .... and you are one bad mother:

All the best. Hope it goes well on Wednesday .....

Well I did survive. Just wondering if I should of asked the doc when he said no exercise or anything too strenuous for a month does that include not being short full clip at the bottom when the market goes full tilt up in a few seconds,

LOL that tested the ticker!!!! :freak3:

 

[barney]

Well I did survive. Just wondering if I should of asked the doc when he said no exercise or anything too strenuous for a month does that include not being short full clip at the bottom when the market goes full tilt up in a few seconds,

LOL that tested the ticker!!!! :freak3:

It's plain for all to see now ...... You have a death wish:


Welcome back .... glad it all went well

 

[tminus]

Do you prefer trading the the Mini-HSI (MHI) or the HSI. I looked at the contract size of the mini HSI and it's around ($30KAUD) which is 1/4th the SPI, while the HSI is around (90K).

 

[Trembling Hand]

Do you prefer trading the the Mini-HSI (MHI) or the HSI. I looked at the contract size of the mini HSI and it's around ($30KAUD) which is 1/4th the SPI, while the HSI is around (90K).

Actually the HSI is 130,000 AUD. As of yesterdays close (21500 points X 50 HKD X 0.1197 AUD Exchange rate = $128,671 AUD)

I much much prefer the HSI its 5 times the size and yet trades 2-3 time the amount of contracts. So with that you get mostly tighter spread and less slippage. And the added volume makes it easier to get fills on the bid/ask rather than having to cross the spread.

But the HSI although only a bit bigger than the SPI you get a hell of a lot of bang for your $$'s. I think its good that there is the MHI because its so small it makes a great way to get a feel for the market. Also if your only trading 1 HSI contract you would probably be better off trading 3-5 MHI in some regards as its very hard to trade 1 contract. Your either in or out with 1 contract, not able to take a little profit and let the rest run for an outlier.

 

[tminus]

Thanks for all that info.

Also if your only trading 1 HSI contract you would probably be better off trading 3-5 MHI in some regards as its very hard to trade 1 contract. Your either in or out with 1 contract, not able to take a little profit and let the rest run for an outlier.

Is there a name for this type of trading i.e. multiple contracts. I tried this with the FTSE as it fluctuates a lot and had better results than trading 1 contract.

 

[Trembling Hand]

Is there a name for this type of trading i.e. multiple contracts.

Yeah. Sensible trading

 

[tminus]

Just had a quick run trading multiple contracts on the MHI on a demo IB account (22 trades , 11 contracts) and made $1066 HKD profit.
Why doesn't SNFE have a mini SPI with smaller tick sizes like the FTSE and HSI.

I am having problems with the Booktrader in IB for MHI because the tick sizes are small you can't see the exit and stop orders. I have to use the chart to adjust these.

 

[Trembling Hand]

Why doesn't SNFE have a mini SPI with smaller tick sizes like the FTSE and HSI.

Because there is no volume. And I guess the buckshops have that market covered

I am having problems with the Booktrader in IB for MHI because the tick sizes are small you can't see the exit and stop orders. I have to use the chart to adjust these.

Go to,
Configure>Booktrader>Setting>Options> "Number of rows to display"
I have mine at 90.

 

[tminus]

Configure>Booktrader>Setting>Options> "Number of rows to display"
I have mine at 90.

Thanks.

Is there a webpage which lists constituents of the HSI by market share.

Something like FinViz
http://finviz.com/screener.ashx?v=111&f=geo_hongkong&o=-marketcap
but this list only has the companies that are also listed on the American exchanges.


This page lists only the change for the day
http://www.hsi.com.hk/HSI-Net/HSI-Net

I don't want to go through the 48 pages on the Financial times and manually compile this data.
http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=5:HKG

 

[Trembling Hand]

http://au.finance.yahoo.com/q/cp?s=^HSI

 

[Trembling Hand]

also

http://www.hsi.com.hk/HSI-Net/static/revamp/contents/en/dl_centre/factsheets/FS_HSIe.pdf

All Honkers,
http://www.hsi.com.hk/HSI-Net/HSI-Net

 

[tminus]

also
http://www.hsi.com.hk/HSI-Net/static/revamp/contents/en/dl_centre/factsheets/FS_HSIe.pdf

Sweet this is what I was looking for.
Thanks

 

[Trembling Hand]

LOL. Just a sleepy old start to the week.

 

[tminus]

I am baffled by the divergence between the MHI futures and HSI index sometimes you see, I have not seen anything like it on the SPI or the FTSE.
Is there a reason for these?

 

[Trembling Hand]

I am baffled by the divergence between the MHI futures and HSI index sometimes you see, I have not seen anything like it on the SPI or the FTSE.
Is there a reason for these?

Nah man something wrong with your data. This chart is HSI with the MHI behind it in BLUE. As you can see just a tick at the extremes thats about it. Not much more than the extra spread of MHI.

 

[skyQuake]

Think you're looking at the cash Index rather than the HSI futs.

 

[tminus]

TH both your charts are futures.

Think you're looking at the cash Index rather than the HSI futs.

That's what I wish to look at, to see if there is any divergence betwwen HSI (calc index) and MHI futures.

 

[Trembling Hand]

That's what I wish to look at, to see if there is any divergence betwwen HSI (calc index) and MHI futures.

OK I didn't realise that was what you where comparing.

That's what I wish to look at, to see if there is any divergence between HSI (calc index) and MHI futures.

You can bet mostly that the Index will come down, or up, to meet the Futs. Pretty thin stock market.

Another thing the volume has been down the last two days. Looks like a a bots gone walk-about (hopefully its cr@pped itself) or may have been pulled while we change the trading times.

 

[tminus]

You can bet mostly that the Index will come down, or up, to meet the Futs.

I thought that would happen but it didn't, it kept going down.

Pretty thin stock market.
Another thing the volume has been down the last two days. Looks like a a bots gone walk-about (hopefully its cr@pped itself) .

Are there more bots on the HSI futures than the SPI?