Still on July
Scalping the HSI & the K200 (SIM)
- Thread starter CanOz
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Still on July
I hate points like this when there's an obvious line/lines that retail traders will be sticking to cause I'm never certain when some big fish will just wait for them to jump on board then blow it through hmm. Putting this one in the 'to work on' pile and sitting tight.
Trembling Hand
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Probably Euro cash open she'll blow.
What's your title of preference: Prophet? Mystic? Clairvoyant? Fortune teller? :blbl: haha.
Trembling Hand
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Thank You - what ever will pay the highest...... 
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I didn't trust it cause it popped a little before UK open, thought it was a fakeout!
Trembling Hand
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Bloody hell what nutzbag crazies are running this show!!
Love being swept 85 points and the Honkers exchange stops taking trade messages from incoming carrier pigeons.
Love being swept 85 points and the Honkers exchange stops taking trade messages from incoming carrier pigeons.
Could one of you Hang Seng traders tell me how the open works ?
I believe there is a lock down period as with the Spi so if you want to buy or sell the open you need your order placed before then, the Spi its 30 seconds before trade starts but I think it may be a full minute for the HSI so 11-14am (Sydney time) is the match out then trade starts at 11-15am.
Placed orders for years with a broker, but now with IB and on occasion need to buy or sell the open so im assuming limit order well above/below the expected open will get me set at that match out price as it does in the Spi.
I believe there is a lock down period as with the Spi so if you want to buy or sell the open you need your order placed before then, the Spi its 30 seconds before trade starts but I think it may be a full minute for the HSI so 11-14am (Sydney time) is the match out then trade starts at 11-15am.
Placed orders for years with a broker, but now with IB and on occasion need to buy or sell the open so im assuming limit order well above/below the expected open will get me set at that match out price as it does in the Spi.
Trembling Hand
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Pager I have never actually done the open auction so I don't know but I think the lock up is from 9:13 and the actual trade goes through at 9:14.
The close is trade right up to 4:14:59 (Or 4:15:00).
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Any updates boofis?
Great, thanks TH
As i thought for the close then, and i see there is now a night session so if i miss it then can get out when that opens, will just have to find out by placing orders for the open, tried the exchange website but cant find it anywhere
Have you discovered through experience exactly how it works Pager? I'd be curious to know.
Hi guys,
Ive recently started to trade the MHI as the first step before moving over to the HSI.
I primarily traded fx for several years however the low volatility and long hours waiting for a move was draining.
I find the HSI very technical in its moves, plenty of volatility in the session to make plenty of points BUT it's fast and sometimes brutal hence I'm sticking with MHI until I have a good track record.
I use IB and Ninjatrader. I only use a 1min and a Range 2 tick chart. Main tools are price levels, pivots, hand drawn trendlines. I basically look at how price reacts around certain levels, i generally have a very tight stop of 10points as i expect the trade to immediately keep moving in the trade direction. Exits are similar but I find much harder as knowing when to let it run becuse this instrument likes to run
So to the reason for the post.
My main questions for the experienced HSI traders here are around the Risk of trading the HSI? Such as Max slippage moves that can occur, exchange goes offline - what happens to open positions stops targets etc, the absolute do's and dont's specific to the HSI, whether to hold an open position through the lunch hour, etc
Thanks
edit: also in regards to commission, am I correct that with IB using Tiered commission is the lowest cost option. I have calculated a RT on 1 contract on HSI is approx 40hkd as opposed to the fixed commission which is 60hkd?
Ive recently started to trade the MHI as the first step before moving over to the HSI.
I primarily traded fx for several years however the low volatility and long hours waiting for a move was draining.
I find the HSI very technical in its moves, plenty of volatility in the session to make plenty of points BUT it's fast and sometimes brutal hence I'm sticking with MHI until I have a good track record.
I use IB and Ninjatrader. I only use a 1min and a Range 2 tick chart. Main tools are price levels, pivots, hand drawn trendlines. I basically look at how price reacts around certain levels, i generally have a very tight stop of 10points as i expect the trade to immediately keep moving in the trade direction. Exits are similar but I find much harder as knowing when to let it run becuse this instrument likes to run
So to the reason for the post.
My main questions for the experienced HSI traders here are around the Risk of trading the HSI? Such as Max slippage moves that can occur, exchange goes offline - what happens to open positions stops targets etc, the absolute do's and dont's specific to the HSI, whether to hold an open position through the lunch hour, etc
Thanks
edit: also in regards to commission, am I correct that with IB using Tiered commission is the lowest cost option. I have calculated a RT on 1 contract on HSI is approx 40hkd as opposed to the fixed commission which is 60hkd?
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