Jocke's 1-year goal

Code: 
Type	B/S	Time OP	Price OP	Time CL	Price CL	Points
MHI	SLD	9:25	9 278,00	9:30	9 283,00	-5,00
MHI	SLD	9:34	9 283,00	9:39	9 277,00	6,00
MHI	BOT	10:00	9 270,00	10:02	9 277,00	7,00
MHI	SLD	10:09	9 275,00	10:16	9 272,00	3,00
					Total:.............	11,00

After about 22:10pm (11:10am local) spreads starting to get huge, 4-8 pts. Volume decrease. Why?
 
Quote from Jocke:


After about 22:10pm (11:10am local) spreads starting to get huge, 4-8 pts. Volume decrease. Why?
More...

4-8 points is hardly huge in MHI or even the HSI for that matter. When the market isn't moving, you'll get 1-2 point spreads. Add a little volatility to the mix and don't be surprised to see things widen out.

Couple of other things:
1. The HSI is the lead contract and you should be looking at that for fair prices. For example, you have have a 50 point wide spread in MHI but if your bid is equal to the HSI offer, you should get filled.

2. Expiration is approaching and around that time the future roll broke down from 7 at 8 with a few thousand on each side. It traded down to around -1 at the break. I'm not looking at a chart now but if I got the time right, all bids would have been swept from the book during this period.

3. If you're trading Jan, consider rolling to February. It should be the more active month tomorrow.
 
Thank you x-or and def for your comments.

I will not be trading today (and yesterday) due to work stuff. Hope to be back tomorrow.
 
Code: 
Type	B/S	Time OP	Price OP	Time CL	Price CL	Points
MHI	BOT	9:12	9 174,00	9:13	9 190,00	16,00
MHI	SLD	9:25	9 198,00	9:27	9 213,00	-15,00
MHI	SLD	9:29	9 202,00	9:33	9 192,00	10,00
MHI	BOT	9:38	9 193,00	9:39	9 203,00	10,00
MHI	SLD	9:48	9 208,00	9:49	9 219,00	-11,00
MHI	SLD	9:51	9 217,00	9:53	9 207,00	10,00
MHI	BOT	10:09	9 199,00	10:15	9 196,00	-3,00
					Total:.............	17,00

Also today I found the best action the first 1 1/2 hour of trading.

Looking to implement the following for tomorrow:
target: 10 pts
stop: hard 15 pts
entry: enter at buy/sell -3pts. For example if long entry signal is generated @ bid9200 ask9202, place buy entry order at 9199.
 
Not bad, surprised you didn't do anything on the quick sell off to 9160. Keep it up and you'll be able to move the the big contract in no time.

Be aware, chinese new year starts tomorrow but with the schools closed today it seems half the town went on holiday last night. (HK closeed Fri & Mon), thus very quiet and thin markets.

- Kung Hei Fat Choy
 
Quote from def:

Not bad, surprised you didn't do anything on the quick sell off to 9160. Keep it up and you'll be able to move the the big contract in no time.

Be aware, chinese new year starts tomorrow but with the schools closed today it seems half the town went on holiday last night. (HK closeed Fri & Mon), thus very quiet and thin markets.

- Kung Hei Fat Choy
More...

Hi def,

Actually didn't start looking at the charts until just after the sell off. My first entry at 9:12pm @ 9174 was a little late...

Happy New Year to you too!
 
Code: 
Trade #	Type	B/S	Time OP	Price OP	Time CL	Price CL	Points
1	NQ	BOT	2:25	998,50	2:58	997,00	-1,50
2	NQ	BOT	2:34	994,50	2:40	995,00	0,50
3	NQ	BOT	2:46	997,00	2:57	994,00	-3,00
						Total:.............	-4,00

Looking forward to HK trading on Tuesday.
 
Code: 
Trade #	Type	B/S	Time OP	Price OP	Time CL	Price CL	Points
1	MHI	BOT	10:13	9 289,00	10:17	9 299,00	10,00
2	MHI	BOT	10:25	9 275,00	10:35	9 258,00	-17,00
3	MHI	BOT	10:41	9 248,00	10:46	9 247,00	-1,00
4	MHI	BOT	10:58	9 216,00	11:03	9 211,00	-5,00
						Total:.............	-13,00

Time stamps are from now on local time (HKT)

T1: Spike up from 9280 to 9308 then spike down to 9270 in less than 2 minutes. What happened?
T2: Puh…. Spiked down 40 pts in less than 2 minutes. What happened (#2)?
T3: Didn’t get filled on my regular buy, so decided to hit the ask. The MHI started to move in my favor, and the trades was up +9 pts, and then moved back down.

10:50am Got a buy signal, but decided not to enter. The index had already climbed 10pts in short time prior to buy signal.

T4: Trade was up +6pts. Ended in red.

11:06am Decided to stop paper trading for the day. Just keep on watching the tape and indicators.
 
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