International Index Trading

[rub92me]

HSI Futures dropping sharply again after the lunch break; probably pull back by the time I stop writing this though .

 

[onemore]

HSI Futures dropping sharply again after the lunch break; probably pull back by the time I stop writing this though .

It Prob pulled back ,consolidated,Blue skyed,then tanked by the time you stopped writing..

Its Crazy F..... Index.

 

[onemore]

I had one trade today on the HSI. It lasted 15 sec before i was closed out.

Thats about double the normal time frame for a trade.
Dont tell me I'm a invester now.

You can enter a position ,it goes your way then you pick your ear wax ,( a lah Kevy rudd) look back at the screen and your down 50 points. In my opinion not for the faint Hearted .

Also always have a stop in place. Because if you have a technical hitch and you have to ring the broker to close out for you you its a very nervous time. I Know

 

[rub92me]

Nice bounce back today on the HSI. It pretty much filled the 1000 point gap from yesterday in a couple of hours. I've given up trying to trade it; I think I am just going to use the chart as a screensaver

 

[SevenFX]

Nice bounce back today on the HSI. It pretty much filled the 1000 point gap from yesterday in a couple of hours. I've given up trying to trade it; I think I am just going to use the chart as a screensaver

Not so bad a idea, r2m.

Out of interest what timeframe are you using and what stragerties do you adopt.

Thanks
SevenFX

 

[nikki]

Nice bounce back today on the HSI. It pretty much filled the 1000 point gap from yesterday in a couple of hours. I've given up trying to trade it; I think I am just going to use the chart as a screensaver

that is hillarious

 

[rub92me]

Tried various approaches and timeframes but can't get a handle on it. My preferred approach is to look for changes in volatility; i.e. waiting for it to get in quite a narrow range and try to jump on if it breaks through the range. Most of the time I get ripped out of the trade unless I use stops that are beyond my budget.

 

[onemore]

Tried various approaches and timeframes but can't get a handle on it. My preferred approach is to look for changes in volatility; i.e. waiting for it to get in quite a narrow range and try to jump on if it breaks through the range. Most of the time I get ripped out of the trade unless I use stops that are beyond my budget.

Thats the worst time to jump in because you can bet your ....sack it will then whip back take out the small stops and keep going.

Don't get me wrong I'm no Guru I just noticed thats not a good entry method on the HSI

 

[Edwood]

see we have an island reversal on HSI 4 hrly and one of those Prussian helmet patterns. can't remember if I put one of these up on ASF or not, heres an historic example from the Nikkei, c/- Blackstone at Livecharts. Not saying we're going to crash like that, just flagging the pattern

 

[rub92me]

Prussian Helmets - that's a new one for me. I know about island reversals though ,so I suppose there's still hope for me. Will be interesting to see how it plays out. So far the HSI has been pretty resilient so wouldn't want to short it just yet. The problem with the HSI is that opening moves can be so large that holding overnight is pretty risky. Even if you're ahead 500 points your advantage can be wiped instantly by a gap up or down the next day.

 

[Edwood]

yeah its an unusual description alright! a poster called Blackstone flagged them at Livecharts & had this to say:

"Some snippets from James Dines classic book, How the average Investor can use Technical analysis for stock profits.

Dines
“All tops consist of an uptrend, a congestion area, and a downside breakout”

“There are only four simple tops: Tombstone, Saucer, V-Top, and Prussian Helmet.”

The patterns are named after the width and shape of the congestion area on a point and figure chart.

Dines
“The Prussian Helmet is usually found after spectacular advances into exceedingly overpriced territory, so the stock cannot stay up there for long.”

 

[acouch]

er2 chart
ac

 

[Edwood]

Professor Frink - a follow up to that NDX bullish % chart t'other day wot was showing divergence.... this one c/- Easytimes at Livecharts

 

[Trembling Hand]

Hey professor_frink or anyone else who trades the Kospi Futures does your broker provide Market depth for the Korean exchange?

IB seems to have only Bid/Ask details?

 

[AMR]

Ouch. Got cut to pieces by the trendless period of ~30 minutes in the HSI today. That shocked the crap out of me and I decided to panic trade as a result. Not a good day overall.

 

[professor_frink]

Hey professor_frink or anyone else who trades the Kospi Futures does your broker provide Market depth for the Korean exchange?

IB seems to have only Bid/Ask details?

Had the full depth up not long after the open this morning. Just checked it again and the full depth was there. And I'm using IB too.

 

[professor_frink]

Ouch. Got cut to pieces by the trendless period of ~30 minutes in the HSI today. That shocked the crap out of me and I decided to panic trade as a result. Not a good day overall.

Not a good market to panic in- it can punish most people pretty harshly. How long have you been trading the HSI for AMR?

 

[AMR]

Today was my fourth day, although I spent quite a while learning technical analysis before that. I thought I was getting more confident and managing my emotions better, but heck, a day like today comes along and blows you out of the water.

 

[Trembling Hand]

Had the full depth up not long after the open this morning. Just checked it again and the full depth was there. And I'm using IB too.

Thanks Professor. I will follow it up with IB. Have had such a good run on HSI thought I might add K200 to give some of it back to Mr market. Always looking at new ways to lose

Today was my fourth day, although I spent quite a while learning technical analysis before that. I thought I was getting more confident and managing my emotions better, but heck, a day like today comes along and blows you out of the water.

To be honest IMHO not sure how much Tech anal will help with this baby intraday. To me it seems by the time you have Tech/anal confirming an entry its ran 200 points and about to whip back.

Maybe a bit of time on a SIM would be helpful. There is plenty of moves on this sucker. You just need the confidence to stick with your setups and I find that if you stuff up the start there is still plenty of time and big moves to get you out of most holes. Although the setting of a daily stoploss limit is a good idea so you don't Blow up.

 

[Boggo]

The 3 min SPI was enough to keep me on my toes today, scary stuff even looking at the HS let alone trying to trade it.