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International Index Trading

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this was todays HSI open - nice gap fade opportunity there. if you have to do it thats one possibility.

 
here's the fibs on the SPI today Macca, quite well behaved really!

 
Here's a link to an interview of a lady trader, Nazila Jafari, which trades the DAX primarily, she describes a good way to trade the DAX in short time frames.
I've only been observing the DAX for a few days and i came up with a similar approach, since i like fibs so much, only difference, my stops would be 10 to 12 ticks, targeting whatever the market offers(i do have a visual exit point on the 50 tick chart).
Anyone care to comment?
http://www.zanet.co.uk/tradertom/documents/62_63_64_65_66_67_68_E_Tra01_Jafari.pdf[/URL]
 
Quote : I have read the Traders magazine both in English and German. I must tell the following, some of the articles are based on commercial basis. Take for example the individuals who were interviewed from Phoenix, they were arrested last month for laundering money, millions of Euros. All the stuff the portfolio manager had in his article about trading is totally baloney if you know about trading. All the profits he talked about have been fabricated.
Everybody in the local trading biz knew about the losses in their company because they would have temp traders who would trade for them for 6 months to 1 year. Obviously these temp traders did not keep their mouth shut.
Nazila Jafari on the other hand is a trader who has just arrived on the scene from nowhere. I did not see her in any of the trader events for Eurex and Xetra for the past years. It's like she landed from Mars. Plus in Traders, she does not talk in detail about her strategy. When you go to her seminars she talks about TA and money management. Her trading methods for futures are very close to set-ups for the S&P Future which Linda Brandford Raschke has on her site as articles.
They also had two interviews with three day trading firms, who are known in the local crowd for their imbecile bosses who have led 3 different firms to bankruptcy.
Traders also is good for certain "gurus" who wanna rip off beginners with their TA seminars.
I would recommend subscribing to Active Trader. Traders is a joke.


Apologies, i just discovered the above reply in a forum, it goes a little way back....i suppose it's irrelevant, the technique is the juicy bit the rest can be discarded.
 
Looking at the HK index on CMC, it has a spread of 7 and a minimum of $10 per point.

It is so hard to back test any ideas without having data I can research with.

I do have Amibroker as well as Metatrader, anyone know of data available on the Asian markets for AB or MT ?
 

haven't done any analysis on Dax stops sorry Caribean, I tend to work visually as well & set them depending on the action

on the subject of Dax fibs, here's a chart from another site from earlier in the week (not mine btw)

 
Edwood said:
haven't done any analysis on Dax stops sorry Caribean, I tend to work visually as well & set them depending on the action

on the subject of Dax fibs, here's a chart from another site from earlier in the week (not mine btw)
Click to expand...

Hey Edwood/ Trade IT

The charts that you have been posting look like they are CMC's CFD charts. Do you trade intraday with CFDs and if so Why? Why don't you use the futures market and get order flows with volume, tighter spreads, cheaper brokerage, ability to use the Bid/Ask spread to get fills and not be handicapped by wide spread that stuffs up your expectancy?
 

I've got the HS futures contract to 1996 thru PremiumData...bloody spreads eh!

Cheers,
 

TH,

I trade positions on daily time frames for now I only day trade on the XJO
looking at Cnina B shares as well.

Other IG users I spoke to IG on friday and asked them if they would consider a day trading spread of .5 point in and out as aposed to 1. that is only from 9.50am - 4.30 pm after that a another point is added if your still holding the contract, they are going to look at it.

if that becomes reality then i would not move to the actual SPI for a while.

I use IG markets, all my charts I post are from IT finance IG's advance charting package.

Yes Can the spreads on some of the markets make them untradable as it knocks your R/R out of whack.

I mainly stick to markets with smaller spreads to keep my MM acceptable.

in IG's defense there spread over the AUD/USD is better then most FX only brokers, and its fixed at 2 pips not variable.

DOW XJO in sidways band is this a top or a charge for higher highs?
 


Edwood, that was a more then one trade not a day trade.

still watching it see where it goes.
 

hi Trembling hand - swings & roundabouts for me - SPI is intra-day futures for speed of execution & spreads otherwise everything else is UK spreadbet - o/night margin for ASX200 is effectively 300pounds per SPI contract, so significantly better / cheaper than futures. its the same for most other markets. HSI is 1000pounds margin per 10 pound bet. so a lot of flexibility to cover more markets at once
 
HSI setting up for a break either way here Prof - looking like an ascending triangle
 
Edwood said:
HSI setting up for a break either way here Prof - looking like an ascending triangle
Click to expand...

God I hope so- been tough trying to get a decent trade on. Today has been a lot of effort for very little return
 
professor_frink said:
God I hope so- been tough trying to get a decent trade on. Today has been a lot of effort for very little return
Click to expand...

bugger - hate days like that - did the SPI open and a couple of small scalps within the range there so not bad so far.

am looking at hourly HSI for the triangle fwiw
 
Edwood said:
bugger - hate days like that - did the SPI open and a couple of small scalps within the range there so not bad so far.

am looking at hourly HSI for the triangle fwiw
Click to expand...

Ok. Explains why I hadn't noticed it- don't usually go that big for charts on this thing

Decided to have a proper look at the dax futs last night- looks interesting. It's almost like a slightly more liquid, slightly less volatile version of the HSI. Plenty of decent trends during it's morning period
 
I like to look at the action across different timeframes to give me an idea as to where the near term bias could be. got itself right into a corner here so the afternoon session could be interesting

good range with the Dax Prof - it's almost behaving like an emerging market lately, some big swings. tends to follow the US quite closely but has much tighter spread on the s/bet account - 2pts for Dax v's 4 for Dow so a 'cheaper' way to trade very similar action
 

Yeah the dax looks fairly volatile, but I was actually more impressed with the ESTX50- that thing is highly liquid. I actually think I'd end up looking at it before the Dax.
 
lovely breakout on HSI Prof

worth the mucking around this morning
 
potential target for the ascending breaout - apparently the often come back to retest previous resistence

 
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