International Index Trading

[Edwood]

yes agree 100% there G, don't mind SPI all sessions at all, essential for the opening gap plays imo

HSI looks as though it might be setting up for that wave 5 now. I wonder if its mainland funds driving it - could break away here if we're lucky!

 

[professor_frink]

yes agree 100% there G, don't mind SPI all sessions at all, essential for the opening gap plays imo

HSI looks as though it might be setting up for that wave 5 now. I wonder if its mainland funds driving it - could break away here if we're lucky!

Yeah it definitely looks like it's got a little while to go- the buying yesterday afternoon appears to have been the real deal, and not just short covering

 

[Edwood]

I have a potential fib area around 22,170 where we might get some resistance fwiw

 

[Bearman52]

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.

Hi Fellas
if you are using or going to use IB try the "Ninja Trader" platform I have used it for a couple of years now for daytrading and scalping SPI,Mini Russel,ES Mini and the DAX and have found it very good it has many customisable configurations and as of recently it is possible to fully automate a system ((( although I would leave that alone for a while yet in case there are any bugs that need ironing out))) http://www.ninjatrader.com
BM

 

[Edwood]

thanks v. much Bearman - a quick scan of the strategy tester it looks very handy, will have a decent play with it tonight (so to speak)

 

[>Apocalypto<]

Rebounds galore hey!


This is a market I have been looking to trade been watching it lately from current retrace to now its the korea 200 (KOPSI 200) index.

It has found support in the 50% range and its picking up, I am looking to go long over it very soon.

quite a nice flowing trend. moving well on its 45degree line.

good trading

 

[>Apocalypto<]

Have gone long over the Korea 200 this morning just after open.

Strong move out of the 50% fibb range yesterday suggested the retrace was completed. With todays higher open confirmed the long for me.

it's still moving along the Gann line in a time price harmony.

Due to its current angle of break out another test or band to the Gann line is a short term possibility.

Stop is in under the 61% area of the new break out.

Good trading.

 

[Edwood]

nice work Trade It - I gather Korea is friendly with China so the trend might continue for a bit yet.

that trend line looks appealing for future shorts!!

 

[Edwood]

did you get any of that opening gap on HSI Prof? managed to fade it for a few before going to a meeting

 

[professor_frink]

did you get any of that opening gap on HSI Prof? managed to fade it for a few before going to a meeting

Na, left the open alone- it didn't pull back far enough for me to get set for a long, so I had to wait for a trend change

 

[Edwood]

certainly focuses the mind tho!

that pop up at the open could theoretically complete the pattern up - to post a new high & sell off is not a great sign you'd have to think.

 

[professor_frink]

certainly focuses the mind tho!

that pop up at the open could theoretically complete the pattern up - to post a new high & sell off is not a great sign you'd have to think.

I didn't have us at a new high on the futures, or cash index

 

[Edwood]

might be dodgy s/bet data - they sometimes overrun the actual action. I have 22,029 checked back & its a new high on my data.

fine tho if you haven't got one I guess, means the high might still be out there!

 

[professor_frink]

might be dodgy s/bet data - they sometimes overrun the actual action. I have 22,029 checked back & its a new high on my data.

fine tho if you haven't got one I guess, means the high might still be out there!

On the futs, I have a high of 22115 on the 25th, and a high of 22110 today. Ib's data for the cash index is 22090 on the 25th, and 22048 today. There was rollover yesterday, which would explain the big difference in the 2 highs between cash and futs.

Still was a nice selloff after the break of the highs but

 

[Edwood]

On the futs, I have a high of 22115 on the 25th, and a high of 22110 today. Ib's data for the cash index is 22090 on the 25th, and 22048 today. There was rollover yesterday, which would explain the big difference in the 2 highs between cash and futs.

Still was a nice selloff after the break of the highs but

yeah I suspect my s/b data is duff

 

[macca]

Excuse me butting my novice head in here but I am interested in learning to trade indexes.

I have been monitoring the SPI but find the action to tight and I notice Prof Frink's comment on the Hang Seng daily range.

Does anyone know if any there is a feed for Hang Seng data for Metatrader software.

I can watch and test the Hong Kong 100 on CMC but was hoping to get a feed on Metatrader

Any suggestions ?

 

[wiseguy]

Excuse me butting my novice head in here but I am interested in learning to trade indexes.

I have been monitoring the SPI but find the action to tight and I notice Prof Frink's comment on the Hang Seng daily range.

Does anyone know if any there is a feed for Hang Seng data for Metatrader software.

I can watch and test the Hong Kong 100 on CMC but was hoping to get a feed on Metatrader

Any suggestions ?

Macca, I'd be interested to knw too.
Also would you happen to know of a datafeed on the SPI for Metatrader?

Cheers

 

[>Apocalypto<]

well my Korean adventure came to a very quick finish!

I got the hell out of there with a tasty loss.

Frink Edwood + others,

i will tell you these Asian indexes play for keeps! up 210 then -80 then -5 then -150 then -210 wow what a eye opener!

well the only advice i will give any new indexe trader is, if you want to take a position on any index wait till the last 30 min of trade then u know where u stand, I do it on the xjo but i was not thinking straight with my exotic holiday today!

That's one for the lesson book!

 

[professor_frink]

well my Korean adventure came to a very quick finish!

I got the hell out of there with a tasty loss.

Frink Edwood + others,

i will tell you these Asian indexes play for keeps! up 210 then -80 then -5 then -150 then -210 wow what a eye opener!

well the only advice i will give any new indexe trader is, if you want to take a position on any index wait till the last 30 min of trade then u know where u stand, I do it on the xjo but i was not thinking straight with my exotic holiday today!

That's one for the lesson book!

Yeah the Kospi can really move when it wants to. I've looked at it briefly, but not seriously.
Does some pretty big volume-191,000 odd contracts today. At $22,000 o/n initial margin she's pretty expensive as well.

 

[Edwood]

Hi Macca - in my opinion Hang Seng is not one to start with. I'm no expert in it as I've only been looking at it for this week but straight away its obvious you need to have a plan and know when not to get in & when to get out. I managed to scalp a couple of extensions for quick returns but I was also rapidly underwater for a time as well. it moves very very quickly. SPI might be slow going but its a much better & safer place to start.

Trade It - mate if you're 200 up, bank it quick! that trend line you flagged looks interesting for shorts tho so definitely worth keeping an eye on