steve2222 

Ah ah, I could be flippant and say anything that moves because in these uncertain times all sorts of markets have provided good movement during the Asian hours. But typically (normally) the MHI on the HKFE and sometimes Gold and Euro on the CME. I then switch to Eurex about 8am EU time and look at MDAX, FESX, and FGBL. I normally only trade the MHI for 2-3 hours from 9:30 their time to midday lunch break. Then I have a few hours off before Eurex opens at 8am their time.

Steve - your a machine.....trading around the clock....you make me look lazy....I limit myself to 90 minutes per day...otherwise it's a slot machine for me.

Thanks very much @amoeba for posting those.


Would you mind confirming the tick size, value per tick, volume per day? Not trying to give you work, just looking to get info from someone who actually has it live!

josh 

Thanks very much @amoeba for posting those. Would you mind confirming the tick size, value per tick, volume per day? Not trying to give you work, just looking to get info from someone who actually has it live!

No worries;

awesome, thanks @amoeba -- would you say that the mini kospi is liquid enough to trade?


I see that my assessment was incorrect about yesterday's session btw -- the range was about 4 points, and with a 0.05 tick size, that's 80 ticks... I was off by an order of magnitude yesterday thanks to looking at the wrong chart! That said, it sounds kind of like it might be like the Nikkei; curious if anyone else could compare it.

Shorter Week with Easter April 14-17

T +45 (5/6) - awesome Vol after the break - should have made double this. Idiot!
W +32 ( 8/11 - too many trades...struggled - blew the 3rd trade..
Th +42 (4/5) - slow mkt..missing the volatility of Monday.
Fr +36 (4/6) - poor sleep last night (which logically means wind down the risk and go back to 1 contract or take the day-off?) + slow market today...low volume of trades at this time of day (It's Friday - usually my worst day of the week)

.......did manage to bank some proper coin on my SMSF selling out of CTD this morning. the SMSF has had a roller coaster ride this year down 10% now up 13% YTD Vs ASX200 index down 19%..but that's another story. Need to add a Mean-Reversion Model to the account later this year when i get a chance.

HI Godzilla - I tried to read your chart but I couldnt catch whats you entry and exit criteria. Do you mind to share?
You mentioned 20 EMA?

Godzilla 

A little daily journal to track my HSI trading. Why: make myself accountable and proof of method. Set-up: Platform - SierraChart64 + CQG datafeed. Chart Trader Activated. Bracket orders auto-activated. My Method: Style:Pattern trader - discretionary - human neural-network only. Indicators: 20 bar EMA only + candlesticks on a Tick chart. Target - aim for 50 ticks per day with a 2 lot(AUD450/US330/day). A maximum of 8 trades per day - ideally<5. Common sense trading rules: No set-up = no trade. No trade is better than a dumb trade. Don't chase the market. Don't monkey with your trades. Be patient. Trading Error target <10% of all trades. Target is <5%. Error = not following the trading plan...it's not related to the trade P&L result. Circuit Breaker - 3 losses in a row = STOP TRADING for that day - review the trades and restart tomorrow. Trading Period - trade the open each day and then for 1 hour approx or less if hit target sooner....then walk away and get a life....occasionally might trade the afternoon session for 30 minutes if family commitments allow. Noon session is normally slower and harder to read from my limited experience. Note: daily economic calendar event times and ensure flat position going into news announcement. (Investing.com) Be cautious the first 2-3 minutes after cash market opens (15 mins after futs start) as market volatility is high and riskier unless a perfect set-up exists. Why I trade the HSI? - highest volume index contract in Asia that I can trade via AMP, good timezone as no family disturbances, ASX SPI futs(+N225) don't move anywhere near as much and the start time clashes with family commitments. Will aim to copy out my daily blotter (using 1 lot only) that I use and keep some basic running stats. Will look into the intraday charts with signals in due course if the hassle factor is minimal.

my2108 

HI Godzilla - I tried to read your chart but I couldnt catch whats you entry and exit criteria. Do you mind to share? You mentioned 20 EMA?

hi mate,

The Holy-Grail -->> https://priceactiontradingsystem.com/

I basically follow Macks's set-ups on a tic chart....I would say the set-ups are not as good in the HSI as trading the ES for which the strategy was originally designed for, but good enough....you do get some very good signals on the DAX as well.

The most important factor -> discipline.

josh 

awesome, thanks @amoeba -- would you say that the mini kospi is liquid enough to trade? I see that my assessment was incorrect about yesterday's session btw -- the range was about 4 points, and with a 0.05 tick size, that's 80 ticks... I was off by an order of magnitude yesterday thanks to looking at the wrong chart! That said, it sounds kind of like it might be like the Nikkei; curious if anyone else could compare it.

Mini kospi has tick size 0,02 and its month to month contract expire second thursday in month and liquidity daily volume more than 100K
There is aslo KOSDAQ 150 futures with tick size 0,01 x10000KRW= 1000KRW and dalily liquidity is about 60-80K

Week 20-24 April 2020

Market volatility still falling and really struggled today to read the direction correctly - many fake-outs ruined the day..got hammered on the last 2 trades. I always struggle on Fridays for some reason.
Overall, good result given I'm home schooling the kids and they are working on my home office sometimes past the open.

M - +50(4/5)
T - +56(4/6)
W - +101(6/6) - awesome!
Th - +77 (7/8)
Fri - +2 (4/6) - shit day!

The model on the retirement account has been selling a couple of positions this week for decent profits but it's a longer term stock model that could be signalling this is a bear market bounce that is turning....I hope not, but most likely given past big market crashes.

Very curious to hear your opinion of HSI vs Nikkei price action and flow differences. I used to trade the Nikkei a lot as it was the only instrument I could trade with work. I've looked over the HSI a tad and have enjoyed reading your journal. Looks like it will run a lot more when compared against the Nikkei in regards to volatility. Any insight would be cool, considering touching this market myself.