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International Index Trading

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AMR said:
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.
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Yeah it's a pretty tough market to trade. I don't really enjoy it too much now, so tend to stick clear of it.

trembling Hand said:
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
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The kospi is a great market to lose money in- has lots of nice trends, and has the potential to take quite a bit of size(not that I really know what it's like to throw big lots around)
 
What sort of stops are you guys using on the HongKong33? I used 40 pt stops today and yes, they got totally kicked around.

Also, what timeframe do you analyse to determine the trend for the day and filter trades? I'm applying Dr Elder's triple screen method to try and filter out the trades in the wrong direction, but sometimes these trades that get filtered out by the 3 day trend can go for several hundred points.

I'm also a bit unclear about re-entering a trade after I have been stopped out, but continues in the correct direction. Any rules you use?
 

Think it is a pretty hard index to position trade on an intraday time frame. I scalp it pretty actively. My stops are pretty fluid but will use around 10 to 20 points and will dump a position at the slightest sign of movement against me. Even if it is not at my stop yet (because it will probably blow past it in a milli-sec anyway)

And I have no problem re-entering straight away if I think it is still a good trade that I just got shaken out of because of funny buggers playing games with a 50 lot order

My first trade on this index was a beauty which got me hooked but then the next couple of days I got towelled up. What I now know is this sucker can clean up 10 bad trades with one good one. You just have to hold the stops tight and keep taking the trades. I just about always start on the mini then move up to the HSI when I have a bit of $ in the account.

I mostly trade off the DOM with a 1 min chart.
 
trembling Hand said:
Think it is a pretty hard index to position trade on an intraday time frame.
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Couldn't agree more

It might return to being friendly for people looking to hold for more than 2 minutes, but it doesn't look like that time will be soon.

Listen to me sounding like I was looking for the main move of the day when I was trading it- my average hold time was less than 15 minutes! I won't touch it until it returns to being a normal market again.

AMR, if you are looking for something that won't give you a heart attack whilst trading, have a look at the nikkei- has been having some great ranges intraday ranges recently, and is nice and liquid
 
When I trade the HSI looking for 15 to 20 pts , the trades generally last for 1 sec to 10 sec . Its all over quick ,either you lost real quick or you won real quick. Bring up a tick chart and watch it for a day. I wish it had more Volume so that the slippage wasn't so great.
 
Gee the HSI has tightened up a lot of the last few days. Where has all that lovely volatility gone???
 
Looks like some really nice trends on the YM, ES and qm. Take your pick really...
 
chops_a_must said:
Looks like some really nice trends on the YM, ES and qm. Take your pick really...
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qm (or cl if you're trading the big contract) has been a ball terror in recent months. Can be a bit whippy, but R/R has been much better than indicies.
 
could be good news for FTSE - c/- The Times, UK



"China loosened its controls on overseas investments yesterday by opening the door to its banks to invest in British stocks and mutual funds.
Britain becomes only the second destination after Hong Kong in which the banks can invest their clients’ money. The reforms are expected to boost investment in London’s biggest companies as well as bringing a welcome injection of liquidity into global markets. However, analysts said yesterday that the change would not happen “overnight”."
 
The YM put in a hard bottom after filling that gap. Got there in the end. Seems to be really struggling on the pivot though.
 
Broken yesterday's lows and next stop is S1 at 13214. Verging on breaking down completely perhaps. As Macdonald's say, "I'm loving it!"
 
chops_a_must said:
It's Frito Pendejo from a movie called Idiocracy. Played by Dax Shepherd.
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LOL it's a classic photo! I was always laughing and think who the hell is that! I was going to say to you yesterday, who the hell is that in your avatar but I stopped and thought what if it's chops!

I didn't think that would have gone down to nice if it was u!

how is your SPI trading going, r u trading with IB?
 
It's a great movie. He plays a dumb ass very well.


Yup. It's going pretty well actually. This week has been very good. Up 10% on the account in a week, but I know these aren't typical conditions, but I am pretty happy. I'm actually preferring the YM to the SPI. It seems to be a little easier to get on the directional moves, which is probably a bit better for me as a learner.
 
Does anyone know if there are any odd trading hours in the US tonight or on Monday?

Cheers.
 
How easy is scalping this right now?

Same trade off that R3.5 4 times in 5 minutes. Makes you wonder who is on the other side of it. Might be back for more here...
 
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