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Are there any HK50 Index traders?

Discussion in 'Trading Strategies/Systems' started by tradezy, Jul 11, 2018.

  1. tradezy

    tradezy

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    I have been Sim trading it for the last few months using Wychoff Volume methodology. I'm up to 1000 trades & it looks promising.

    Looking, watching for patterns. My observations:

    - It mostly makes it move 30mins after open
    - It mostly stays with this move for the rest of the day session
    - It mainly has it's big moves once a very high vol area is retested with very low vol
    - Take small scalps, however can stick with the trend until another very high vol bar

    Any thoughts, comments about my observations?
     
  2. tradezy

    tradezy

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    1. Is anyone trading HK Index (by any trading method)?
    2. Have you found any patterns that happen regularly?
    3. Have you experienced anything to be cautious of?
     
  3. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Open range breakout. Use the first 15 minute high and low as the range and the risk. If the market has had three narrowing ranges prior the pattern is more successful and pays better. Still works today.
     
  4. tradezy

    tradezy

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    Thank you for your reply Canoz.

    Would you mind elaborating on what timeframe the "three narrowing ranges" are?

    I agree with the Open Range Breakout. Mine is based on a Very High Vol Bar which arrives usually in the first 15mins.

    The baffling question is when will the market Trend. At this stage I'm finding scaling out my best bet.
     
  5. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    If narrow range is a daily range less than the x period average range then 3 narrow range days is the first condition. The second condition can be that the opening 15 minute range (pre cash open) is not greater than the x period average of opening ranges. What this does is setup balance inside of balance and gives you lower risk and higher reward for a breakout and trend day. With the hang seng you want to trail a stop after the regular afternoon session closed too, thereby catching any European continuation. The hang seng is one of the few markets left where ORB still works well.
     
  6. tradezy

    tradezy

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    Thanks CanOz,

    Great observation! I've been using 1,5,15 min charts. I like what you say about the larger time frame - it makes sense.
    I'm finding enough movement to scalp in a non trending/ sideways/ "Z" day, but it would certainly be nice to have some kind of bias as to when it is likely to trend & capture these bigger moves. I'll be doing some study of the Daily Chart.

    Thank you for your feedback.

    Just curious, What other markets have you found ORB works well?
     
  7. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Maybe the HHI, but I've not tested it. I'm going to code it up in Sierra chart and test it soon....maybe a month away.
     
  8. tradezy

    tradezy

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    Thanks CanOz,

    Never heard of HHI. Is this the Herfindahl-Hirschman Index? Something else?

    I haven't been active in this forum for years, been off on a long trading journey! HK feel like my best fit.

    It's very reassuring & exciting to return & see familiar names like yours still trading.
     
  9. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    The HHI is the China h shares index. It trades on the hkex and is very correlated to the HSI, but of less value (10000) so less volatile. I want to do some spread strategies but I'll wait until I get my directional stuff done.
     
  10. tradezy

    tradezy

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    Thanks for sharing CanOz. Very much appreciated. :xyxthumbs Hope the HHI turns out well for you.
     
  11. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Not a bad day in testing....A massive 225 pt winner for the 2nd trade of the day.HSI225ptstrades.PNGHSI225pts.PNG
     
  12. tradezy

    tradezy

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    Yes, it really swung about today. You really captured the directional moves.

    I'm just a very, very small fish. My Risk is a measly $50 Per trade!

    Fantastic trading results!!:)
     
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