International Index Trading

[Edwood]

If you are looking at the HK markets- have a look at the H-shares. It's the HSI's psycho little brother.

lol! will do - thanks - only have Hong Kong33 where I am now - are H-shares available on IB?

 

[professor_frink]

on the longer timeframe (daily) RSI dropping & MACD starting to turn down for a cross so looks to be setting up for some downside imo. am short now +24 but hovering as I know this baby turns on a dime!

Keep an eye on today's low- looks to be fairly strong support for intraday plays

lol! will do - thanks - only have Hong Kong33 where I am now - are H-shares available on IB?

yes IB has it. Symbol is HHI

 

[Edwood]

sheesh its quick hey!? it makes the SPI look geriatric!!

out too soon, never mind, bouncing already - early days but I think I'm converted!

 

[professor_frink]

sheesh its quick hey!? it makes the SPI look geriatric!!

out too soon, never mind, bouncing already - early days but I think I'm converted!

Makes trading the SPI very hard after trading the HSI- I find myself getting very impatient when it hasn't moved 30 secs after I enter!

If you start trading it with IB, look into some front end order management software- makes trading this thing much easier

 

[Edwood]

Makes trading the SPI very hard after trading the HSI- I find myself getting very impatient when it hasn't moved 30 secs after I enter!

If you start trading it with IB, look into some front end order management software- makes trading this thing much easier

yes I can see how that must happen - my start would be getting later & later every day - like 1:45pm. thankfully SPI opens are worth being around for. might have to get some golf clubs or something!

what do you recommend for an OMS?

 

[professor_frink]

yes I can see how that must happen - my start would be getting later & later every day - like 1:45pm. thankfully SPI opens are worth being around for. might have to get some golf clubs or something!

what do you recommend for an OMS?

Sounds tough doesn't it- early round of golf, quick scalp on the SPI open, then a long, leisurely lunch before some afternoon trading on the HSI

I use zeroline trader

http://www.zerolinetrader.com/

$89USD a year.

I didn't exactly shop around so I'm not sure how the others compare with it

Price was right and it did what I wanted, so I signed up

Another one I've heard of that's meant to be good as a front end for IB is button trader.

 

[Edwood]

Sounds tough doesn't it- early round of golf, quick scalp on the SPI open, then a long, leisurely lunch before some afternoon trading on the HSI

I reckon you'd need a relaxing morning to set up for the rush in the afternoon!

I use zeroline trader

http://www.zerolinetrader.com/

$89USD a year.

I didn't exactly shop around so I'm not sure how the others compare with it

Price was right and it did what I wanted, so I signed up

Another one I've heard of that's meant to be good as a front end for IB is button trader.

great - thanks mate will check them out!

 

[professor_frink]

You watching HK today Ed?

HSI down 100 points in the last 15 minutes- starting to look a little ugly

 

[Edwood]

grrr - not in it unfortunately Prof - got a project going live on Monday so finding it difficult to concentrate on the markets at the moment. should've just left my trades running with stops in - never mind, market will still be there tomorrow

hope you're giving it heaps!

 

[Edwood]

I see there are two big juicy gaps down below tho! especially that one from 21,250-odd to 21,000

 

[professor_frink]

grrr - not in it unfortunately Prof - got a project going live on Monday so finding it difficult to concentrate on the markets at the moment. should've just left my trades running with stops in - never mind, market will still be there tomorrow

That's a shame- volatility definitely seems to be picking over over the last few weeks, so should still be fun when you start opening up some trades again.

hope you're giving it heaps!

yeah I picked up some beer money for the weekend

:drink:

 

[Edwood]

good man!

... since you mention beer money I might just have to try & clear the desk now!

 

[Edwood]

whoa - talk about swift - all earlier losses recovered

 

[professor_frink]

In today's trading on the H-shares, there's been a 250 pt selloff, followed by a 200 pt rally, with a bit of wiggling around in between. Makes for good trading

 

[professor_frink]

whoa - talk about swift - all earlier losses recovered

yep. Absolutely nutters these markets

 

[wayneL]

Sounds tough doesn't it- early round of golf, quick scalp on the SPI open, then a long, leisurely lunch before some afternoon trading on the HSI

I use zeroline trader

http://www.zerolinetrader.com/

$89USD a year.

I didn't exactly shop around so I'm not sure how the others compare with it

Price was right and it did what I wanted, so I signed up

Another one I've heard of that's meant to be good as a front end for IB is button trader.

I use http://www.bracket-trader.com/home.html which is free for the more popular contracts.

 

[professor_frink]

I use http://www.bracket-trader.com/home.html which is free for the more popular contracts.

Oh well. I'll have a look at it when my time runs out with ZLT, although I am pretty happy with it right now.

Does bracket trader have anything like the action buttons on ZLT? Being able to have them sitting right above a chart makes life nice and easy.

 

[wayneL]

No. I'd have to say it's a bit more cumbersome than that.

With bracket trader you program in your stops, progressive exit levels, and order size and just press buy or sell. (of course there is the flexibility to override) But the screen is a tad bigger. \/

I must say that little ZLT screen looks pretty nifty.

 

[Edwood]

yes ZLT does have a nice front end Prof - will check out BT first tho & see how I get on there.

gee HSI is jumping around again today nearly back at the highs! definitely not one to hold overnight unless its in some kind of exhaustion move at the extreme of a range. certainly wouldn't like to hold o/night in the middle of a trading range - might as well make a pile of $20's in the garden & get a lighter out!

 

[professor_frink]

yes ZLT does have a nice front end Prof - will check out BT first tho & see how I get on there.

gee HSI is jumping around again today nearly back at the highs! definitely not one to hold overnight unless its in some kind of exhaustion move at the extreme of a range. certainly wouldn't like to hold o/night in the middle of a trading range - might as well make a pile of $20's in the garden & get a lighter out!

That's one way of putting it! Personally, I think the SPI is better suited to o/n holds(well for me anyway). At least you can have stops in play constantly on the SPI.