Australian (ASX) Stock Market Forum

Scalping the HSI & the K200 (SIM)

You never noticed the huge jump in volume and range at 11:30?

Try HSI Index!

LOL, yeah but never had an attributable cause, always just thought it was the next move.

My eyes have been opened, so many hang seng indexes lol! Watchlist now temporarily complete.
 
Good to know.

Quiet as a mouse here today, its very frustrating to be honest.

XT?
CPI tomorrow will mean a lot for the interest rate cut in a few weeks. Probably most have closed shorts the last few days and there is not much on the line till then.
 
trading XT/YT I mean.

Agreed T/H, it was pretty heavily bid on the front end yesterday (shorts unwinding or guys front running the data?) but today it has been an absolute snooze fest. Was a classic both sides day. I hate them.
 
trading XT/YT I mean.

Agreed T/H, it was pretty heavily bid on the front end yesterday (shorts unwinding or guys front running the data?) but today it has been an absolute snooze fest. Was a classic both sides day. I hate them.

Ha! Snooze fest!? You try watching that bastard from 4am - 6am, some of the most unscintillating hours of my life.
How are you progressing overall? You only trading ftse on your account or..?
 
Did you get a position before that sell of TH? I was trying to be patient and wait for a bit of a pop thinking they'd try get some more longs on board (I've been too early getting in on arvo trades on the whole) and I never got an entry, dang!
 
Ha! Snooze fest!? You try watching that bastard from 4am - 6am, some of the most unscintillating hours of my life.
How are you progressing overall? You only trading ftse on your account or..?

Yeah I mean 4am to 6am just seems like a nightmare to be honest.

FTSE is still all sim for now, I'm still useless and wouldn't risk real cash yet.

Bond trading progress is slow, one step forward one step back, I remember reading that thread a while back from the bill spreader who said it took him 8-10 months to get profitable and that the start is the hardest. I haven't really been losing money lately (touch wood) but just cant seem to get a run going.

Still continuously building set ups though and ideas are starting to come together, its just about having as many plays in my playbook as possible and then being good enough to identify + execute them.
 
You get the pullback or fade?

Yeah got on the last leg down. Was short at the top and for some reason scratched it a few times then went long...... god knows where my head was. :mad: :(

Was clearly not at full speed last night. Nearly forgot about the closing time. Strange?!
 
Re: Scalping the HSI & the K200 (SIM)

Yeah I mean 4am to 6am just seems like a nightmare to be honest.

FTSE is still all sim for now, I'm still useless and wouldn't risk real cash yet.

Bond trading progress is slow, one step forward one step back, I remember reading that thread a while back from the bill spreader who said it took him 8-10 months to get profitable and that the start is the hardest. I haven't really been losing money lately (touch wood) but just cant seem to get a run going.

Still continuously building set ups though and ideas are starting to come together, its just about having as many plays in my playbook as possible and then being good enough to identify + execute them.

http://cdn.preterhuman.net/texts/finance_and_marketing/stock_market/Brett%20Steenbarger%20-%20Psychology%20Of%20Trading.pdf

Have found this great, might be a good read for you also.

- - - Updated - - -

Yeah got on the last leg down. Was short at the top and for some reason scratched it a few times then went long...... god knows where my head was. :mad: :(

Was clearly not at full speed last night. Nearly forgot about the closing time. Strange?!

:eek: At least you could close a position in the eth if worst came to worst...I don't even want to think what it would feel like to have an open position when it was a 6:15 close until 11:15 the next day, talk about exposure!
 
idea.jpg
Key reflections: no clear trend, no strength either way but less strength going short. Not a break out play, fade time.
 
Bought 822, sold 860.
Nearly puked at 833 after a bit of a squeeze.
Process win: Entered aggressively when the market went against the direction of my bias, set limit order and didn't adjust it unnecessarily.
Process fail: Didn't slow breathe while in the trade, also didn't choose a major target (prob lack of confidence if I'm honest) I chose a minor one instead.
trades.png
 
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