SGX A50 Index future

Yep risknav that's originally what recently attracted me to this particular future even though I've watched it for some months time. The fact that a large amount of volume is driven by retail/gambling mindset looked like a potential opportunity to me. I do feel technical analysis works on this thing - in fact IMO its in an inverted cup and handle right now but there's definite emotion and momentum contained within it.

Also, when I first started looking at this thing some months back I used time based charts. When I switched over to constant volume based charts it became a hell of a lot more clear.
 
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Some charts, patterns:

Last 2 days (CH-like -> rally -> rejection):

xina50_20150702.01.png



Couple weeks (this is where I see an ICH in progress):

xina50_20150702.02.png
 
moonmist said:
I have been watching this index futures for two trading sessions. It seems to be a sloppy market, that is, if my entry is wrong, I can often get away with three to four ticks profit. (Three ticks is needed to cover IB commission.) Of course, my opinion may change, if I watch this market longer.
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not 3 ticks only 1,2 tick becose commission is 1,50 USD per side on tiered pricing
 
but you must change in account management fixed pricing to tiered pricing and you will have 1,50 per side. I f you do small volume its better to have tiered pricing
 
frostydc4 said:
How wide is the bid/ask? Are we talking about >5 ticks?
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Most of the trading of A50 index futures occurs between 9:00 PM and 3:00 AM Eastern Time. During this period of time, the bid/ask spread is often less than 5 ticks, usually between 1 and 3 ticks. (There is a 1.5 hours lunch break starting at 11:30 PM.)
 
moonmist said:
Most of the trading of A50 index futures occurs between 9:00 PM and 3:00 AM Eastern Time. During this period of time, the bid/ask spread is often less than 5 ticks, usually between 1 and 3 ticks. (There is a 1.5 hours lunch break starting at 11:30 PM.)
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How deep? I'm guessing 1-3 contracts on the inside bid?
 
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