Trading The Hang Seng

Schaefer · Nov 26, 2008

You're correct, the HSI Mini is not on the approved list for the US residents. There was talk about actually submitting an application, so we could trade, but nobody wanted to cough up the $150,000 application fee.

By the way, it's roll over time for you big guy

Schaefer

Quote from filter_sweep:

I thought the HSI mini (MSI) was illegal to trade as a US citizen. Someone correct me if I'm wrong on that.

total_keops · Nov 26, 2008

Quote from gotta_trade:

Specificaly which contracts and which exchanges are you referring to?

I found:

1) HSI.............Hang Seng................HKFE
2) MSI............Hang Seng - mini........HKFE
3) NI225.........Nikkei 225..................OSM
4) NI225_M.....Nikkei 225 - mini..........OSM
5) NK.............Nikkei 225..................SGX
6) AP.............SPI200......................SFE (Sydney Future's Exchange)

What do you think about the above contracts?

I'm mostly concerned with spread and liquidity?

Thanks
gotta_trade

How about the MHI? I trades through IB (from Canada).

filter_sweep · Nov 26, 2008

Quote from Schaefer:

By the way, it's roll over time for you big guy

Thanks for the reminder, I usually need it!

I actually have family in town right now for Thanksgiving, so I'm done trading for the month. Sorry I haven't been in touch... I'll send you a PM later.

hangsengtrader · Nov 26, 2008

I wasn't planning to trade, but relatives went to bed early, and so decided just to see,....well saw an opportunity and took it, took me two tries and the second try and went to my target....seem today was a bit slow in moving, anyways.

hangsengtrader · Nov 26, 2008

Market had not done too much - happy thanksgiving everyone

The Ross Hook · Nov 28, 2008

Hey hangsengtrader I just PM you, I got lay off the HSI, its killing me

Tums · Nov 28, 2008

Do a search of HSI as a thread title.
You will find many previous discussions.

wutimzhang · Nov 28, 2008

Boasting

jtnet · Nov 28, 2008

Quote from hangsengtrader:

I am in GA....regarding trading tonight, I am not sure yet, I got relatives and well I don't like it when I am trading....we will see - and Ross Hook, that is a big loss in the HSI you did last night, 746 Points it would seem to me that you held to a trade WAY too long or you had many contracts

Happy trading

meant what broker

total_keops · Nov 29, 2008

Quote from hangsengtrader:
Comments are welcome and question will be answered.

Do you do any fading long or short? I mean suppose there is an EXTENDED move up in 1-3 minutes and then you get to a 5-15 minutes bars resistance of a previous day, then you would short expecting a fast move down and scalp 1 to 3 one minute bars and look for a 50% retracement profit. Same thing on the long side. Obviously when your wrong you cut the loss fast as we see you doing. I sometimes do that on the forex with the JPY pairs. The GBP/JPY is the best fast moving one for that but you need a big fat move because the spread is wide.
Is it possible on stock index? Do they move as much?