As next step in my "Sea Change" process, I am giving up trading the US markets.
I love trading the US exchanges, but the overriding factor in this decision is having to trade nights...in particular, friday night. It blows out any thoughts of drunken debauchery on friday, and it messes up the weekend.
And as I actually have a social life these days... (country folk are really friendly )...well the US gets the chop. No problem, just trade the SPI and Aussie stocks.
However I have not lost my penchant for overseas markets, and through my broker I have access to the Korean KOSPI, Kong Kong Hang Seng index, and the Nikkei. So I have been watching these for a few days to see if they are tradable, as they are a similar time zone to ourselves.
Well bugger me if these indexes aren't the wildest beasts you've ever seen...particularly the Nikkei at the moment.
This contract is 500 yen per point and can have a range of several hundred points a day..... even ~80-90 points per hour.
Anyway, it's an outright beast, and having been known to throw a leg over the equine version of the devil incarnate, I'm devising a way to have a go at this particular bronc.
Check today out, and look at the range: