SPI200 Chat - What will happen next?? *suspense music*

[NAsX]

Yeah I like the FTSE, good tick size of 10p, around $20 at the moment, and it sure moves especially the first hour of US opening!

 

[Mr J]

Yes, I have just started trading the US market, and there are some great percentage moves. The time difference is killing me though:crap:

Yeah, it's not great. I'm only doing it monday to thursday for the first couple of hours of their session. Check out the currency futures as well, they'll get some decent movement during European hours, occasionally even during our hours. I haven't looked at European indicies yet, the FTSE sounds like a good option. Anyone have experience with the DAX?

I've also been meaning to check out the HSI and Nikkei. I assume liquidity is pretty decent here? How about the minis for the two?

 

[ThingyMajiggy]

Anyone have experience with the DAX?

I have been trading the DAX a fair bit on a demo account, seems to move pretty well around tea time here, but seems fairly consistent and easy enough to read most of the night for me....but I'm a 18-21 year old, so don't listen to me :

 

[moXJO]

European opens are a good alternative moX, usually enough movement in the first 90 mins and timing fits better for our side of the world

Thats a good idea, Have also been meaning to look at HSI and Nikkei. I know what I will end up doing though. Try and trade all the opens

I'm a bit scared to trade the ftse, as a relation once mooned the Queen and made all the papers. I just know the UK wants revenge on the family. At least I can blame MI6 for blowing up the account.

 

[Mr J]

but I'm a 18-21 year old, so don't listen to me :

Not too worried about how it moves, just as long as it moves and has decent liquidity. I'm just looking for more opportunities, and the ability to trade at any time of day rather than 10-4. I'll be running my trading computer 24/5, so if I spot something I like from the couch or kitchen, I'm in .

Thats a good idea, Have also been meaning to look at HSI and Nikkei

The Nikkei mini seems to require 28k margin at IB.

 

[NAsX]

For our timeframe, the HSI and Kopsi are pretty liquid contracts and good moves too. Also have a look at STW on the SGX, it's based on the Taiwan index but is in USD, also trades high volume. There's also a Nikkei futures on the SGX, seems to be a popular contract too, and it's free data from IB!

The CME FX futures are great when the Euro markets open, you can trade it all day long too but spreads are quite wide understandably.

Anways, hope my are of some help.

 

[MRC & Co]

I have been trading the DAX a fair bit on a demo account, seems to move pretty well around tea time here, but seems fairly consistent and easy enough to read most of the night for me....but I'm a 18-21 year old, so don't listen to me :

The DAX, due to connection speed from Australia and particularly the competition amongst traders in it, would be a hard market to trade I think.

If I were you and have a decent read on it, I would go live ASAP, as the SIM would be almost pointless. Your fills on a market with that speed (same as HSI), will be completely different.

 

[Mr J]

Disregard the nikkei comment, I forgot that the margin was listed in JPY .

Anways, hope my are of some help.

Always looking for markets, so I appreciate any heads up.

 

[Mr J]

What are the tick values for these markets?

HSI = 50HKD?
HSI mini = 10HKD?
FTSE = 5GBP?
SGXNK = 2500JPY?
SGXNK mini = 500JPY?
STW = 10USD?
N225 = 10000JPY
N225 mini = 1000JPY
KOSPI = ?

It will be interesting to watch these tomorrow. From the look of it, the mini's also get good volume.

 

[Trembling Hand]

Kospi works out to about $27 AUD a tick

 

[Trembling Hand]

Mr J the Nikkei has about 1/4 the ATR as the SPI.

The Kospi about the same as the SPI.

The STW (Taiwan) I have seen do 20 ticks in a day, last couple of weeks its been going nuts but I don't expect it to last.

The HSI has about a 300 ATR but thats deceptive as its at 18,000 that still makes it about the same % move as the SPI each day.

What are you looking for in another market? the other Asian markets offer some great opportunities but its not larger day high-low ranges.

 

[Trembling Hand]

Not sure if Ivan's trade was based solely on an "over bought" indicator but they ain't now.

Would be good to see Ivans thinking about how you trade this. Was this a false signal? What is a false indicator signal? or is this the Divergence before the drop?

On linked thought whats the chance the Boyz are going to let this drop into end of fin year?

 

[sammy84]

On linked thought whats the chance the Boyz are going to let this drop into end of fin year?

My thoughts exactly. Considering their track record of recent, they will keep this market propped for another 21 days exactly.

 

[moXJO]

SPI been knocking on heavens door for a bit, but still won't go back above 4000. Looking like it may have another try

 

[beamstas]

SPI been knocking on heavens door for a bit, but still won't go back above 4000. Looking like it may have another try

Trying...

 

[Trembling Hand]

Anyone else noticed the almost doubling in SPI volume last 2 weeks

Its not rollover because there has only been 2000 rolled into SEP. We are hitting near on 40,000 a day...... WTF??

 

[moXJO]

Anyone else noticed the almost doubling in SPI volume last 2 weeks

Its not rollover because there has only been 2000 rolled into SEP. We are hitting near on 40,000 a day...... WTF??

Ooops maybe I'm pressing the wrong buttons

 

[beamstas]

Anyone else noticed the almost doubling in SPI volume last 2 weeks

Its not rollover because there has only been 2000 rolled into SEP. We are hitting near on 40,000 a day...... WTF??

TH,
Not sure how accurate my data is, this is the march contract, backfilled from IB.. daily bars

Is this accurate? Doesn't seem to be too much of an increase

 

[moXJO]

Run spi run

 

[Mr J]

What are you looking for in another market? the other Asian markets offer some great opportunities but its not larger day high-low ranges.

Thanks for the info. Just liquid markets with decent trading ranges. They all look fine, apart from the Nikkei due to the 10pt and 5pt ticks, at least on my timescale.