The HSI Index Futures Scalping Experiment - futures io
futures io futures trading



The HSI Index Futures Scalping Experiment


Discussion in Trading Journals

Updated by bon1025hk
      Top Posters
    1. looks_one Godzilla with 113 posts (182 thanks)
    2. looks_two josh with 34 posts (59 thanks)
    3. looks_3 emmett with 12 posts (5 thanks)
    4. looks_4 steve2222 with 8 posts (14 thanks)
      Best Posters
    1. looks_one Rrrracer with 2.3 thanks per post
    2. looks_two steve2222 with 1.8 thanks per post
    3. looks_3 josh with 1.7 thanks per post
    4. looks_4 Godzilla with 1.6 thanks per post
    1. trending_up 12,217 views
    2. thumb_up 290 thanks given
    3. group 33 followers
    1. forum 197 replies
    2. attach_file 77 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

The HSI Index Futures Scalping Experiment

(login for full post details)
  #1 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

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.

Reply With Quote
The following 4 users say Thank You to Godzilla for this post:

Can you help answer these questions
from other members on futures io?
Anyone scalp the Mini-DAX (FDXM)?
Emini and Emicro Index
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
Volume Chart Trend Lines
TradeStation
How to show tick count in or next to the current candlestick?
NinjaTrader
Which broker that works with NT8 has a Debit Visa card?
Brokers
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Are sharks watching on the other side?
52 thanks
Sierra Chart ACSIL for Beginners.
29 thanks
VWAP for stock index futures trading?
26 thanks
Earn2Trade (Helios) - "The Gauntlet"
21 thanks
FIO Journal Challenge - June 2020 w/SharkIndicators
15 thanks
 
(login for full post details)
  #3 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received


Fingers crossed this chart file uploads ok ?


10 trades (6 wins /1 loss/3 scratch)
80 tics (2 lot)
a few more breakevens(scratch) than normal...
1 error - on the first trade changing target level....stupid, should have been a 20tic profit instead of scratch

Attached Thumbnails
Click image for larger version

Name:	F.US.HSIF20  750 Trades  #2 2020-01-22  12_38_20.727.png
Views:	118
Size:	40.5 KB
ID:	284934  
Reply With Quote
 
(login for full post details)
  #4 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

7 trades.....multiple missed entries (not sure if the feed is slow today?)

+64tics
7 trades...4 Wins, 2 scratch....1 loss(stupid again) - if u miss the entry wait for the next bus.


Reply With Quote
 
(login for full post details)
  #5 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,428 since Jan 2011
Thanks: 6,006 given, 14,209 received


Godzilla View Post
Why I trade the HSI? - highest volume index contract in Asia that I can trade via AMP

Minor note that the MJNK (mini Nikkei) has at least 4x the volume of HSI, on average.

That being said, HSI certainly moves "better" and is more interesting to trade usually!

Please feel free to stop by and post on this thread started a few weeks back related to trading Asian session products:


My experience has been that when I accept my losses quickly, trading the HSI is profitable. When I let a trade go too far in the HSI, it can be disastrous, as it is a beast that can run 50-80 points in less than a minute, at times.

Welcome and the best to you trading the HSI! I look forward to stopping by and seeing your journal!

Reply With Quote
The following user says Thank You to josh for this post:
 
(login for full post details)
  #6 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received


josh View Post
Minor note that the MJNK (mini Nikkei) has at least 4x the volume of HSI, on average.

That being said, HSI certainly moves "better" and is more interesting to trade usually!

Please feel free to stop by and post on this thread started a few weeks back related to trading Asian session products:


My experience has been that when I accept my losses quickly, trading the HSI is profitable. When I let a trade go too far in the HSI, it can be disastrous, as it is a beast that can run 50-80 points in less than a minute, at times.

Welcome and the best to you trading the HSI! I look forward to stopping by and seeing your journal!


Noted: maybe a more accurate description is "HSI is the highest volatility Asian Index Future".....it's such a shame the NKY trades in a 5pt tick size otherwise it would be an incredible contract...

Reply With Quote
The following user says Thank You to Godzilla for this post:
 
(login for full post details)
  #7 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

Learnt my lesson today....don't bother trading the day before Chinese NY - which means no trading until next Wednesday 29th. Market SO much slower than normal...should have realised this and taken the day off..

FLAT..0 ticks today....first flat day in ages.
3 trades 2 wins, 1 loss (also a trade error as stop was to close)...large range bar..
I see no point in wasting my time on the screen today..

Reply With Quote
The following user says Thank You to Godzilla for this post:
 
(login for full post details)
  #8 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received

Stats:

traded - 3 days (2 hit target 1 breakeven)

164 tics (1 tic USD = $6.66, AUD= $9.10 approx)

21 trades
3 loss (15%)
4 scratch(20%) - higher than normal - means market price hit target but moved back to entry price.
14 Winners(65%) - a bit lower than normal as more scratch trades this week.

2 Errors - both were losers.
1. Stop placement to close - follow the rules
2. chased a trade as market moved to fast to enter...follow the rules

Takeaway - probably should NOT have traded Friday as Chinese NY had started.

Reply With Quote
 
(login for full post details)
  #9 (permalink)
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,865 since Sep 2009
Thanks: 3,277 given, 1,498 received


Godzilla View Post
Stats:

traded - 3 days (2 hit target 1 breakeven)

164 tics (1 tic USD = $6.66, AUD= $9.10 approx)

21 trades
3 loss (15%)
4 scratch(20%) - higher than normal - means market price hit target but moved back to entry price.
14 Winners(65%) - a bit lower than normal as more scratch trades this week.

2 Errors - both were losers.
1. Stop placement to close - follow the rules
2. chased a trade as market moved to fast to enter...follow the rules

Takeaway - probably should NOT have traded Friday as Chinese NY had started.

Yep agree. I found Friday slow as well plus it was a half day with market closing 12:30pm local for the LNY.

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
Reply With Quote
 
(login for full post details)
  #10 (permalink)
Brisbane, Australia
 
 
Posts: 124 since Nov 2013
Thanks: 36 given, 194 received


Itching to trade (kids first day back at school today).....just checked the HK Exchange website....latest news is trading begins on 29th Jan...(tomorrow) - fingers crossed as it wouldn't surprise me it's suspended trading with all the Virus data coming out...I am truly sceptical the Chinese Govt is giving real numbers..

Reply With Quote
The following user says Thank You to Godzilla for this post:


futures io Trading Community Trading Journals > The HSI Index Futures Scalping Experiment


June 29, 2020


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts