International Index Trading

[Trembling Hand]

LOL, yeah just saw it too...amazing....can we fade off that?

No Idea. Moves like that makes you a bit scared to stand in front of maybe the next push up in to resistance where ever that is? This one looks 50/50 which way its goes.

 

[CanOz]

Still going like a rocket...gotta stop sometime

 

[Trembling Hand]

Still going like a rocket...gotta stop sometime

You short that second rise?

Hey Professor you out there today messing up HK?

 

[CanOz]

You short that second rise?

Hey Professor you out there today messing up HK?

Shorted the bounce off 6000 but i'm still short and its going at it again..

Doesn't look as solid as it did before lunch though...I'll hang on yet.

You?

Cheers,

 

[professor_frink]

Hey Professor you out there today messing up HK?

afternoon TH,

yes, been getting amongst it in HK- have been working on a couple of ideas for the kospi, so haven't had much time to post. Was a wicked spike right off the open wasn't it! Pretty hard for me to catch those, especially when the opening minute bar has a range of 160 points- I'll always pass on a trade instead of getting long with a stop below a bar like that

 

[Trembling Hand]

afternoon TH,

yes, been getting amongst it in HK- have been working on a couple of ideas for the kospi, so haven't had much time to post. Was a wicked spike right off the open wasn't it! Pretty hard for me to catch those, especially when the opening minute bar has a range of 160 points- I'll always pass on a trade instead of getting long with a stop below a bar like that

Yeah was going to trade it today but just way to fast for this little guy!

Could not see how you get a fill with that kind of action? Just throw a market order out and hope for the best??

Not use to that kind of move after trading the SPI. Even the ES is not that wild. At least it stays on in the DOM screen that was just running harder than i could move my order Book!!

 

[professor_frink]

Yeah was going to trade it today but just way to fast for this little guy!

Could not see how you get a fill with that kind of action? Just throw a market order out and hope for the best??

Not use to that kind of move after trading the SPI. Even the ES is not that wild. At least it stays on in the DOM screen that was just running harder than i could move my order Book!!

For those kinds of spikes, it can be very hard to get a good fill, which is why I generally leave them alone. If you spend a little while watching the DOM for the HSI & HHI, you'll figure out pretty quickly how you can fill orders with fairly minimal slippage(if you use market orders). Both of these markets do a lot of backfilling within a trend. Due to the book being so thin, after someone has come in and cleaned out one side, it will often spend a little while backfilling whilst the orders start filling it up again. Then it gets dumped/bid up again.

 

[Trembling Hand]

professor
Just had my first trade on the HSI. a Short!

That is SICK AS!

Once it starts moving there is just no liquidity. Cannot believe the moves. Had to just hang on and try not look at the P&L. Just through out a market order to close. WOW!

 

[professor_frink]

professor
Just had my first trade on the HSI. a Short!

That is SICK AS!

Once it starts moving there is just no liquidity. Cannot believe the moves. Had to just hang on and try not look at the P&L. Just through out a market order to close. WOW!

Nice work TH

It's quite an experience when it gets going, isn't it!

I've heard a few other traders that have been trading it longer than I have that the lack of liquidity during this correction has been a lot worse than in previous ones. There has been a bit of talk about the recent Chinese move to open up the HK markets to it's citizens having an impact on some of the moves. Considering how thin the book is during normal market conditions, it wouldn't surprise me that something like that could have an impact.

One guy over on ET that has been trading it for a few years now has actually stopped trading it for awhile and is looking at other markets. Hopefully it's only a temporary problem, as I don't think I'll be able to trade it as much if it stays like this. I'll have a heart attack before I'm 30!

 

[Trembling Hand]

Nice work TH

It's quite an experience when it gets going, isn't it!


One guy over on ET that has been trading it for a few years now has actually stopped trading it for awhile and is looking at other markets. Hopefully it's only a temporary problem, as I don't think I'll be able to trade it as much if it stays like this. I'll have a heart attack before I'm 30!

Yeah didn't really fell like trading more like standing in front of a pokie machine paying out.

Isn't that typical your first trade is aways a ripper, sucks you in then slowly burns you over the coming weeks. Think i will just play this one very selectively.
Especially as I tend to fade breakouts. Think you would get cut to bits in this one after a couple of days.

 

[professor_frink]

Yeah didn't really fell like trading more like standing in front of a pokie machine paying out.

That's gold. I'll have to remember that one

Isn't that typical your first trade is aways a ripper, sucks you in then slowly burns you over the coming weeks. Think i will just play this one very selectively.
Especially as I tend to fade breakouts. Think you would get cut to bits in this one after a couple of days.

Yeah I'd be very careful fading breakouts on this thing! When(if) the market calms down, you won't get burnt quite as bad fading breakouts, but it can still be pretty bad if you pick the wrong moment to do so.

 

[Edwood]

Yeah I'd be very careful fading breakouts on this thing! When(if) the market calms down, you won't get burnt quite as bad fading breakouts, but it can still be pretty bad if you pick the wrong moment to do so.

aye its not nice when that happens - trying to fade a breakout a few weeks back I had HSI jump more than 200pts over a stop when I forgot to close before the lunch break. haven't touched it since

 

[CanOz]

aye its not nice when that happens - trying to fade a breakout a few weeks back I had HSI jump more than 200pts over a stop when I forgot to close before the lunch break. haven't touched it since

Good grief Ed.

In regards to the SPX, ASX200, and the USD/JPY...everything seems to be a critical juncture tonite, anyone see different?


Cheers,

 

[Edwood]

Good grief Ed.

In regards to the SPX, ASX200, and the USD/JPY...everything seems to be a critical juncture tonite, anyone see different?


Cheers,

yep won't be doing that again!

just to add to that Can ASX has a P&F count out of the recent lows to 6,220 which we've pretty much achieved

 

[CanOz]

yep won't be doing that again!

just to add to that Can ASX has a P&F count out of the recent lows to 6,220 which we've pretty much achieved

Jobs data out too, greenback dropping a back a bit....ASX200 still holding up.

cheers,

 

[Edwood]

copied from Livecharts

"Good Morning, all markets are trading higher today, seems like all the problems of the world were solved when the FED lowered the discount rate half a point. Yesterday four banks that did not need to borrowed 500 million each from the discount window as a gesture to show you can actually do it. Maybe that solved all the problems eh? That 18:01 spike in the SnP futures is the oddest thing I have ever seen. In one minute 5,886 up tick futures traded against 1,772 on down ticks. In 5 minutes 8,557 up tick contracts against 3,659 down ticks. Think about this, who did that? Who bought 8,557 futures contracts in five minutes when the market was closed? Today projected cash market high is at 1473. We should get there in about five minutes due to the buy programs that the futures spread will trigger. What happens the remainder of the day will be revealing."

 

[professor_frink]

copied from Livecharts

"Good Morning, all markets are trading higher today, seems like all the problems of the world were solved when the FED lowered the discount rate half a point. Yesterday four banks that did not need to borrowed 500 million each from the discount window as a gesture to show you can actually do it. Maybe that solved all the problems eh? That 18:01 spike in the SnP futures is the oddest thing I have ever seen. In one minute 5,886 up tick futures traded against 1,772 on down ticks. In 5 minutes 8,557 up tick contracts against 3,659 down ticks. Think about this, who did that? Who bought 8,557 futures contracts in five minutes when the market was closed? Today projected cash market high is at 1473. We should get there in about five minutes due to the buy programs that the futures spread will trigger. What happens the remainder of the day will be revealing."

are they referring to the open of yesterday's night session?

 

[Edwood]

are they referring to the open of yesterday's night session?

morning Prof - after the close on US Wed night if you check out the S&P all sessions chart you'll see an out of hours rise

 

[professor_frink]

morning Prof - after the close on US Wed night if you check out the S&P all sessions chart you'll see an out of hours rise

ok I see it- it is definitely odd, but I'm getting to the point where I'm seeing something odd almost every day in this market! I'm not sure what to make of it

Think I need to give up trying to understand that kind of stuff in the current market and just stick to the price action. The brain will fail on me soon if I don't

 

[Edwood]

ok I see it- it is definitely odd, but I'm getting to the point where I'm seeing something odd almost every day in this market! I'm not sure what to make of it

Think I need to give up trying to understand that kind of stuff in the current market and just stick to the price action. The brain will fail on me soon if I don't

yeah I know what you mean! trying to figure it out can be energy wasted - interesting that someone is up to something sneaky all the same.. was posted by Ian fwiw