Trade after work -- Trade HSI

[skepticaltrader]

Quote from ET99:

you can trade through IB


if you are in the eastern time zone, you can keep your day job, and still do real time daytrading in the evening.

winter hours:

Hong Kong morning session is our time 8:45pm to 11:30pm

I've been looking to trade something after work with a little more action than what I see in the EUR/USD or the Euro futures. The unfortunate thing is my broker won't allow me to trade HSI.

Looks like I'll have to go set up another account with some other broker.

 

[smilingsynic]

The Hang Seng is the MMA of stock index trading: if you don't know what you're doing, you could really get hurt.

Spread sometimes is huge, fills are not instantaneous, and slippage is sometimes 20-30 points (about $150-200). That said, if you like to trade gaps, you'll like the HSI.

 

[ET99]

I am trading through IB.

IB has an office in Hong Kong, their connection is very good.

I always use market order to enter, with brackets to exit. The fill has always been good. I have never experienced those horror stories perpetuated by the non-HSI traders.

If I get slippage, usually the market is very active, and the momentum will carry me through anyway, so I would never notice, nor have to worry about the slippage.

Of course, the more active the market, the more opportunity to make money. The flip side is -- the more opportunity to lose money. But if you have a good TA backgound, and know how to manage your account, HSI is no more risky than many other instruments. (think about it, would you rather trade a dead market? of course no.)


Anyway the reason I started this thread is to share my experience. All comments are taken in good faith.

 

[kiwi_trader]

There are 3 other things worth looking at in the same timeframe.

Nikkei (N225, N225M ini, and SGXNK)
Taiwan (STW)
Oz (SPI)

All are much more orderly than HSI and open earlier than HSI. I've recently moved to these three after HSI became a little sino-psychotic.

 

[uptik2000]

Quote from ET99:

I am trading through IB.

IB has an office in Hong Kong, their connection is very good.

I always use market order to enter, with brackets to exit. The fill has always been good. I have never experienced those horror stories perpetuated by the non-HSI traders.

If I get slippage, usually the market is very active, and the momentum will carry me through anyway, so I would never notice, nor have to worry about the slippage.

Of course, the more active the market, the more opportunity to make money. The flip side is -- the more opportunity to lose money. But if you have a good TA backgound, and know how to manage your account, HSI is no more risky than many other instruments. (think about it, would you rather trade a dead market? of course no.)


Anyway the reason I started this thread is to share my experience. All comments are taken in good faith.

sOunds good.

Can you post a different chart...maybe a 2 days of 5min or 10min or something like that.
thanks.

 

[ET99]

HSI 5m

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=1679874">

 

[ssblack]

How much is 1 point in the HSI?

I want to say that 6 points = 1USD, right? or is it 7.74 which would equal 1USD?

 

[ET99]

Quote from ssblack:

How much is 1 point in the HSI?

I want to say that 6 points = 1USD, right? or is it 7.74 which would equal 1USD?

http://individuals.interactivebroke...exch=hkfe&showcategories=FUTGRP&ib_entity=llc


HK$50 per point.

US$1 = ~HK$7.7 (pegged to a tiny range)

 

[smilingsynic]

Quote from ET99:

I am trading through IB.

IB has an office in Hong Kong, their connection is very good.

I always use market order to enter, with brackets to exit. The fill has always been good. I have never experienced those horror stories perpetuated by the non-HSI traders.

If I get slippage, usually the market is very active, and the momentum will carry me through anyway, so I would never notice, nor have to worry about the slippage.

Of course, the more active the market, the more opportunity to make money. The flip side is -- the more opportunity to lose money. But if you have a good TA backgound, and know how to manage your account, HSI is no more risky than many other instruments. (think about it, would you rather trade a dead market? of course no.)


Anyway the reason I started this thread is to share my experience. All comments are taken in good faith.

If one is used to trading the ES, HSI would be quite a shock. The speed of the moves can be breathtaking compared to the ES, or even the Russell. 1000 point ranges at $7.70 or so a pop would be 7,700 a contract. I've seen 20-30 point moves in a blink of an eye, literally.

It is difficult to do more than a couple of contracts without moving the market. Indeed, that's why I don't trade it.

 

[kiwi_trader]

Quote from ET99:

I am trading through IB.

IB has an office in Hong Kong, their connection is very good.

I always use market order to enter, with brackets to exit. The fill has always been good. I have never experienced those horror stories perpetuated by the non-HSI traders.

LMAO ... If you call us "non-hsi traders" I'll be a little plainer.

You are a bullshit artist. One who speaks complete crap!