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Trade after work -- Trade HSI
- Thread starter ET99
- Start date
Quote from yiehom:
Hi ET99 and all HSI ET'ERS,
Here's a yesterday's chart of the actual HSI on which I trade CFD.
Living in Europe I can only trade the morning seesion if I can't find sleep, as it is 3.00am for us when HK opens.
I hope you'll see it clear on the chart, as this my first time to post a chart. My trade took place in the afternoon session. The first bar from left is where I got in trade, and the second one is where I got stopped. Just to see things continue as anticipated, as usual.
Actually, I had set my stop way too near : 43 points is nothing when HSI is moving. This is my main problem at this stage of my learning, and I welcome any suggestion.
Out of that, can anyone see another mistake ?
Regards
Dude! Fri is public holiday in HK and HSI is not open. Your CFD firm ripped you off because u cant possibly beat the spread when the market doesnt move
Hi ET99, I've been following your thread with interest and not being familiar with HSi, had a few basic questions:
1. What times of day does it trade (in US Eastern time zone)?
2. Is there is break in the trading? If so, what time is this break (US eastern)?
3. What's the minimum price movement/tick value?
> please see thread.
> http://www.hkex.com.hk/index.htm
> http://www.interactivebrokers.co.uk...IB&symbol=HSI&contract_type=FUT&exchange=HKFE
4. What's the symbol name in IB?
> HSI
5. Are stop orders and stop-limit orders accepted by the exchange?
> Don't know, but IB takes it.
6. If the answer to Q5 is yes and yes, do you know if those orders rest on the exchange itself, or are they held on IB's servers?
7. Is there are fee for cancel/replacing orders on the HKFE? (a problem on some exchanges like Eurex when moving a trailing stop too much)
> No
7. Do you avoid trading the first 15 minutes of the session before the cash market opens?
> Yes. There is a different set of strategy to trade the 1st 25min.
> Beginners should start after 10:15am HK time.
Many thanks for any insights you can give!
I've been following this thread and I'm looking at HSI's monday morning open right now. I have a couple of noob questions...
What kind if target/stop setup is possible on this beast using a 1m chart. Looking at it now, I see a 10 tick spread (10 ticks * HKD50 = HKD 500 or about USD$ 65... did I get this right?).
On the minis ES and NQ, I frequently see people scalping as little as a tick. Clearly that is not gonna work on HSI. The way I see it I would need a 15 ticks stop and 20 or more target. So I hit my stop I'm out $100 and my target cashes me $130 or so.
sorry for the begginer questions but I have no experience with foreign futures contracts and the time, currencies and all other conversions complicate the game.
What kind if target/stop setup is possible on this beast using a 1m chart. Looking at it now, I see a 10 tick spread (10 ticks * HKD50 = HKD 500 or about USD$ 65... did I get this right?).
On the minis ES and NQ, I frequently see people scalping as little as a tick. Clearly that is not gonna work on HSI. The way I see it I would need a 15 ticks stop and 20 or more target. So I hit my stop I'm out $100 and my target cashes me $130 or so.
sorry for the begginer questions but I have no experience with foreign futures contracts and the time, currencies and all other conversions complicate the game.
Quote from grandcanuck:
I've been following this thread and I'm looking at HSI's monday morning open right now. I have a couple of noob questions...
What kind if target/stop setup is possible on this beast using a 1m chart. Looking at it now, I see a 10 tick spread (10 ticks * HKD50 = HKD 500 or about USD$ 65... did I get this right?).
On the minis ES and NQ, I frequently see people scalping as little as a tick. Clearly that is not gonna work on HSI. The way I see it I would need a 15 ticks stop and 20 or more target. So I hit my stop I'm out $100 and my target cashes me $130 or so.
sorry for the begginer questions but I have no experience with foreign futures contracts and the time, currencies and all other conversions complicate the game.
If you read through the thread (which is not very long), you will see all of your questions and concerns answered.
Quote from grandcanuck:
Looking at it now, I see a 10 tick spread (10 ticks * HKD50 = HKD 500 or about USD$ 65... did I get this right?).
On the minis ES and NQ, I frequently see people scalping as little as a tick. Clearly that is not gonna work on HSI. The way I see it I would need a 15 ticks stop and 20 or more target. So I hit my stop I'm out $100 and my target cashes me $130 or so.
The spread varies from 1 to 10; average is around 5. 5 on the HSI would be around 1/4 point on the ES.
HSI usually makes such beautiful swings that I don't see any reason to scalp PERIOD.
On a 1-minute, HSI sometimes is too spiky; the true trend is usually more obvious on a two or three-minute chart.
HSI reminds me of the e-mini Russell in price action.
05-17-08 12:02 PM:
Hi ET99,
I would like to ask other than IB, is there any other online broker systems also do HSI fut please? I search quite awhile and still cannot find one... pls help to shed me some lights...
Thanks a lot in advance and good luck to all your trades!
Sorry, can't help you in this department.
I don't know why you would want to go with anybody else. IB is internationally recognized as a leader in multi-national markets, has an office in Hong Kong, and they know Hong Kong like the back of their hands.
I read the whole thread and learned nothing, found lots of bickering and arguments.
I came to the thread with one question: Where the hell do I subscribe to the HSI data? IB listed a free Hong Kong Futures Exchange and a non-free Hong Kong Stock Exchange. But a link in this thread leads to Hong Kong Exchange.
Again, I believe IB has clearly lost its touch. If there is in reality only ONE exchange called Hong Kong Exchange, why the hell does IB produce TWO exchanges?
OK, I don't care IB fabricating exchanges, but which of the fabricated exchanges handles HSI? I just want to subscribe to this exchange and start looking at the HSI data. I can determine who is right and who is wrong after I look at the data, so stop your stupid bickering! (By the way, the only useful information I get from this thread is HSI is a thinly traded futures with 80,000 contracts daily, compared with ES in millions daily.)
I guess nobody will answer my question after I call them stupid, eh?
Never mind, bunch of morons.
I came to the thread with one question: Where the hell do I subscribe to the HSI data? IB listed a free Hong Kong Futures Exchange and a non-free Hong Kong Stock Exchange. But a link in this thread leads to Hong Kong Exchange.
Again, I believe IB has clearly lost its touch. If there is in reality only ONE exchange called Hong Kong Exchange, why the hell does IB produce TWO exchanges?
OK, I don't care IB fabricating exchanges, but which of the fabricated exchanges handles HSI? I just want to subscribe to this exchange and start looking at the HSI data. I can determine who is right and who is wrong after I look at the data, so stop your stupid bickering! (By the way, the only useful information I get from this thread is HSI is a thinly traded futures with 80,000 contracts daily, compared with ES in millions daily.)
I guess nobody will answer my question after I call them stupid, eh?
Never mind, bunch of morons.