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Confessions of a Prop Trader
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Confessions of a Prop Trader

  #71 (permalink)
Trading for Fun
Sydney, Australia
 
Futures Experience: Advanced
Platform: Xtrader
Favorite Futures: Commodities
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received

Hey Ross

Great to hear from you.

I've watched the Hong Kong Futures a bit as they sometimes give a bit of a lead for the SPI I've noticed. You're right about the volatility too. I haven't watched the Kospi so much though, so I'd be interested to look at it. I've been digging into the broker situation a fair bit recently, as going forward I'm weighing up the best options for my trading. I have accounts with a few different ones as I put on some longer term spread positions (mostly calendars) so comms aren't such a worry for that time frame. My plan going forward is that I want to put more time into spreads though so I'll see what happens.

Thanks for the Kospi tip.

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  #72 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: NT7 and Sierra Chart
Broker/Data: Interactive Brokers
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rossw View Post
Good to see another Sydney based trader.

I think in our timezone the Kospi is the market to look at. Similar tick value to the SPI but loads more volume - usually 100+ a side and average 150k contracts a side. Or the HK futures if you prefer a bit more volatility.

Bit confused, you said you were trading remotely for a firm, but then also talking about using AMP as your broker. I'd have thought your firm would get you onboard some decent rates due to the group buying power?

anyway, just saying hello, and posting so I can subscribe for further updates.

Hi rossw

Sorry to go off topic but curious what data feed you are using for Kospi?

Thanks

MS

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  #73 (permalink)
Trading Apprentice
Sydney Australia
 
Futures Experience: Intermediate
Platform: MultiCharts
Favorite Futures: Kospi
 
Posts: 8 since Mar 2014
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Market Sniper 88 View Post
Hi rossw

Sorry to go off topic but curious what data feed you are using for Kospi?

Thanks

MS

Hi,

I use e-signal for Kospi data. One of the few I could find that has access. Only 30/month once you're already using e-signal (which is I think 110/month for futures access). I'm a systems trader and bought some historical data from Investware in Korea for back testing.

and fyi I use IB as my broker. KRW is a difficult currency to get in/out of so not many guys give you access. I'm still testing in SIM but I don't forsee many problems getting my profits (fingers crossed!!) back into AUD.

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  #74 (permalink)
Trading for Fun
Sydney, Australia
 
Futures Experience: Advanced
Platform: Xtrader
Favorite Futures: Commodities
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received

May 27th

A reasonably quiet start to my week. I did little yesterday and wasn't expecting huge moves today given the long weekend.

I found a bit of buying early which was good for a few ticks. I still like to look for a bit of break early, however I'm not expecting those breaks to hold given the light volume.

Later there was a nice run of the lows on some volume and squawk was talking about China.

There was a bit of a PB I liked and took it. Held it as it went against me before it ran down to the lows. I didn't get a fill as I tried to get out and I ended up taking a scratch. Unfortunate.

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  #75 (permalink)
Elite Member
Brisbane, Queensland, Australia
 
Futures Experience: Advanced
Platform: NT8/JIGSAW
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
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xiaosi's Avatar
 
Posts: 483 since Feb 2012
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Trent,

Great thread mate, keep up the great work!

Do you watch honkers much when trading the SPI? My successful trading always involves watching another market with my primary market, obviously speaking of semi- correlated markets here....

Edit: I see where you replied to this already above, but do you specifically find the HHI or HSI best?


Last edited by xiaosi; May 27th, 2014 at 01:28 AM.
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  #76 (permalink)
Trading for Fun
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Futures Experience: Advanced
Platform: Xtrader
Favorite Futures: Commodities
 
Posts: 78 since May 2012
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xiaosi View Post
Trent,

Great thread mate, keep up the great work!

Do you watch honkers much when trading the SPI? My successful trading always involves watching another market with my primary market, obviously speaking of semi- correlated markets here..

Hey mate

Great to hear from you.

Yes I definitely watch others when trading SPI. A bit less so now, but when I first started I would follow 6A, Nikkei, Yen, H Shares, ES, Dax etc.

You could get a some nice leading indicators at times.

I certainly think that you need to be using the other markets as a guide as you are.

It's a great way of trading.

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  #77 (permalink)
Trading for Fun
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Thanks: 31 given, 101 received

I used to watch the H-shares, but I guess it's like anything when it comes to correlations, the leader might change day to day. So maybe one day it was HHI then the next HSI.

A bit like the SPI and the 6A. One day SPI follows 6A, the next 6A follows SPI.

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  #78 (permalink)
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Futures Experience: Advanced
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trentcroad View Post
I used to watch the H-shares, but I guess it's like anything when it comes to correlations, the leader might change day to day. So maybe one day it was HHI then the next HSI.

A bit like the SPI and the 6A. One day SPI follows 6A, the next 6A follows SPI.

Yeah agree, see this allot with the DAX and the FTSE (Z), mostly the FTSE seems to lead, but occasionally depending on the theme of the day the DAX may lead or the relationship is not worth following. I'm not always looking for a lead, more often just that the general directional bias is shared i guess....for lack of a better way to put it.

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  #79 (permalink)
Trading for Fun
Sydney, Australia
 
Futures Experience: Advanced
Platform: Xtrader
Favorite Futures: Commodities
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received


xiaosi View Post
Yeah agree, see this allot with the DAX and the FTSE (Z), mostly the FTSE seems to lead, but occasionally depending on the theme of the day the DAX may lead or the relationship is not worth following. I'm not always looking for a lead, more often just that the general directional bias is shared i guess....for lack of a better way to put it.

Yep I'm with you. That's a great way of doing it.

Interesting with the DAX and FTSE.

I can tell you like the volatile markets given the ones you follow and trade.

Good luck with the trading.

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  #80 (permalink)
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trentcroad View Post
Yep I'm with you. That's a great way of doing it.

Interesting with the DAX and FTSE.

I can tell you like the volatile markets given the ones you follow and trade.

Good luck with the trading.

Yes, you too...looking forward to more of your posts.

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