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The HSI Index Futures Scalping Experiment


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The HSI Index Futures Scalping Experiment

  #201 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
Posts: 1,896 since Sep 2009
Thanks Given: 3,379
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Hi Godzilla,

Any chance you could post your charts with x and y axis showing. Just makes it easier to compare to my charts at home.

For instance, are you still using a 750 tick/# trades bar size?

Once when I looked my 750 trade chart did not look exactly the same as yours and I always remember when I used to follow Mack that this was one of the issues ie each data provider seems to give a different result. It also depends on when you start a new count eg do you start a new 750 bar at the start of the day and what do you define 'start of the day' as, is it 9:15am or the start of the prior overnight session?

Cheers

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  #202 (permalink)
Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353


steve2222 View Post
Hi Godzilla,

Any chance you could post your charts with x and y axis showing. Just makes it easier to compare to my charts at home.

For instance, are you still using a 750 tick/# trades bar size?

Once when I looked my 750 trade chart did not look exactly the same as yours and I always remember when I used to follow Mack that this was one of the issues ie each data provider seems to give a different result. It also depends on when you start a new count eg do you start a new 750 bar at the start of the day and what do you define 'start of the day' as, is it 9:15am or the start of the prior overnight session?

Cheers

Hi Steve,
I'm using a 350tick chart currently....I adjusted from a 750tick as just wasn't getting the resolution(or number of set-ups) the same as a 2000tick ES chart with all the traps that I like to trade Flipside is you have to be quicker on the button to execute - some days it's almost too fast hence I'll use a market order if I get frustrated by missed trades. as you can see I use SC "chart trade mode "on". I also use a tick countdown "timer" - thats the dark orange object that counts down from 350ticks and gives a chime every time it resets so I can track when I need to really focus on the entry if I get a set-up.

My start of day in my timezone is 11:15am every day....no DLS is Qld!!

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  #203 (permalink)
Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353


Monday 6th July 2020

+90 tics (3/3)

Patience of a NINJA ....well it certainly helps and I sometimes have it and sometimes I don't.
But today was a good day..kids were over at a friends house so I had some peace and quiet.

For those that have recently asked me how I trade - its' 100% PATS set-ups....nothing else - no other magic involved.
Anticipate the signal (near the MA or Support/Resistance level) -> wait for a good signal bar-> place the order.

Tip - keep watching the bars form as you can see the battles being fought and won between the bulls/Bears, but most importantly see when the momentum switches (at the support/resistance levels) and the buying or selling gets stronger...hop onboard that train and make your target - don't be greedy this a scalping strategy not a position strategy though Mack does talk about "measured -moves" etc that I don't trade currently. (no patience)

Todays Trade signals:
1. Second Entry Long
2. same as above
3. Breakout Pullback.

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  #204 (permalink)
emmett
New Zealand
 
Posts: 46 since May 2020
Thanks Given: 35
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Godzilla View Post
Monday 6th July 2020

+90 tics (3/3)

Patience of a NINJA ....well it certainly helps and I sometimes have it and sometimes I don't.
But today was a good day..kids were over at a friends house so I had some peace and quiet.

For those that have recently asked me how I trade - its' 100% PATS set-ups....nothing else - no other magic involved.
Anticipate the signal (near the MA or Support/Resistance level) -> wait for a good signal bar-> place the order.

Tip - keep watching the bars form as you can see the battles being fought and won between the bulls/Bears, but most importantly see when the momentum switches (at the support/resistance levels) and the buying or selling gets stronger...hop onboard that train and make your target - don't be greedy this a scalping strategy not a position strategy though Mack does talk about "measured -moves" etc that I don't trade currently. (no patience)

Todays Trade signals:
1. Second Entry Long
2. same as above
3. Breakout Pullback.

Thanks Godzilla, great to hear these sorts of insights and fine-tunings. Are you still sim trading, or have you switched to live?

Cheers

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  #205 (permalink)
Godzilla
Brisbane, Australia
 
Posts: 206 since Nov 2013
Thanks Given: 43
Thanks Received: 353


emmett View Post
Thanks Godzilla, great to hear these sorts of insights and fine-tunings. Are you still sim trading, or have you switched to live?

Cheers

Its live....enjoy the Blog.

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  #206 (permalink)
emmett
New Zealand
 
Posts: 46 since May 2020
Thanks Given: 35
Thanks Received: 21


Godzilla View Post
Its live....enjoy the Blog.

Crikey!! Even more impressive then!

I'd just assumed you were practising because your first few screenshots had "Sim1" in the corner.

Keep up the great work

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  #207 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,246 since Jan 2011
Thanks Given: 6,784
Thanks Received: 18,257

Watch your asses out there boys, the HSI has lost its damn mind

Up 340 points in 3 minutes at the open, down 350 points over the next 7 minutes.

I saw an article about 3 trading days ago that said "Investors Embrace the China Security Law" ... lol, right, that's why Hong Kong as well as mainland are up 11% in 4 days... then another article cited short squeezes. I say "duh" ... doesn't matter to me why it's up like it is, but short covering will do it. Only a 3-4 tick spread most of the time despite the massive ranges. Controlled chaos

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  #208 (permalink)
 planetkill 
New York City + NY/United States
 
Posts: 356 since Sep 2018
Thanks Given: 108
Thanks Received: 311

Do you like the data you're using through SierraChart64 + CQG datafeed? Does the tick chart look the same every time you refresh intraday and when restarting?

The reason I ask is because when I used Ninjatrader Continuum (I believe NT Continuum is CQG) for Mack's PAT method on ES, the tick chart bars would often change after refreshing. The highs/lows would switch to nearby bars. This is a common question on the Ninjatrader support forums. After switching to iqFeed data, this problem was solved.

With SierraChart64 + CQG datafeed, have you seen changing tick chart bars after reloading?
Also, may I ask who your broker is? Is it AMP?

I'm currently opening an AMP account and need to choose between



Godzilla View Post
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.


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  #209 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,246 since Jan 2011
Thanks Given: 6,784
Thanks Received: 18,257


planetkill View Post
I'm currently opening an AMP account and need to choose between


You don't want to combine SC with Rithmic at this point. They will not support it. Also, while TT might be capable of connecting to HKEX, I think CQG is your best bet and I don't think Rithmic supports it. AMP + CQG is the only combo I know of that you get CME, HKEX, and OSE, which gets you the most interesting stuff in US + Asia.

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  #210 (permalink)
 
amoeba's Avatar
 amoeba 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
Posts: 205 since Jan 2014
Thanks Given: 98
Thanks Received: 284



josh View Post
You don't want to combine SC with Rithmic at this point. They will not support it. Also, while TT might be capable of connecting to HKEX, I think CQG is your best bet and I don't think Rithmic supports it. AMP + CQG is the only combo I know of that you get CME, HKEX, and OSE, which gets you the most interesting stuff in US + Asia.

Yup, you could also go IB for broker and use Sierra with their HKEX datafeed, but this misses OSE (although they have been discussing adding this to their data)

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