MidKnight

Yes but it's totally discretionary and I have a habit of executing within this S/R areas but being wrong (and stubborn) about the markets respect of these areas in real-time. I have had horrible results when attempting to enter at a first HL or LH out of the S/R. I have had better results fading large moves with very little confirmation, 3 thrusts, or false break type of patterns. Of course the lack of confirmation also means sometimes I can be wrong big time. I really need to refine how I recognize other traders trading as they approach S/R.

As expected the gap was minor. Both the immediate upper R and immediate lower S I had marked ended up containing the market. No change to my S/R areas. Hong Kong national holiday today (Thursday) so these levels will be in play for tomorrows trade (Friday).

Thanks for the info stocktrader6080. I checked out sogotrade and they don't appear to offer any futures. I also can't see any mention of offering any international markets. I also checked out CoolTrade, again, this says its only for USA markets.

Roger that DB. I do use a small volume chart as well. When the volume is moving nicely, these print every 0-5 seconds. I'll keep posting daily for a while so we can evaluate the relevance of the S/R concept on this Hang Seng market

Thanks for your chart wjrusnak. It is a wild market, but I was of the thinking (possibly wrong thinking) that SR should 'work' no matter how wild a market if the concept is valid. After trading the Hang Seng for several months now, I think it does work but there is added emotion in this market. All Asian markets are susceptible to the large opening gaps because they are not 24 hour markets and are usually reacting to USA's trade. DB, That chart I posted was a 2000 volume chart. I use esignal and have pretty decent tick and volume data. In future I'll post the dates as well. I didn't in this chart because there is other sub-panes below and I didn't want to add them on the post to detract from the posts intent - they are irrelevant to this discussion. In future, I'll make a new chart up just for the purpose of posting. The chart posted is in advance. That is to say, the market hasn't opened yet and those will be the levels of interest to me for today's trade. My best wishes, MK

If it's OK, I'd like to start posting my Hang Seng charts in hopes I can hone my skills somewhat. Please, do critique as it would be a great learning lesson for me. I'll post them around this time - a few hours before the market has opened. Today the USA was virtually unchanged, so I'm not expecting a big gap in either direction at the open. Yesterday rallied up to my obvious R level in the 20980-21050 area and seemed to respect that. I have tended to treat S/R as zones rather than absolute numbers, but if you have a better way to use it so the zones can be smaller or absolute numbers that are reliable, I'm totally open to it! The R zone I had above is kind of big for me to just short and stick with it until R is broken and as you can see in the chart, it even went slightly above 21050 (hod was 21085). This happens all the time in this market and makes it difficult for me to say 'If my R level is penetrated, then I'm wrong'. There needs to be some cushion on the trade idea as the market probes beyond. Of course, sometimes the probes end up being massive breakouts that literally do several hundred ticks in less than a minute, so some sort of trade mgmt rule needs to be defined in advance to stop the deer in the headlights syndrome. Without further adieu, onto the chart.

Currently use Neoticker with esignal data on a oldish (single core P4) windows XP machine. My current real-time statistics calculations consume ~65-80% of cpu. I've long dreamt about coming back to a Linux environment. Maybe it will happen in the future or my trading will change somewhat to allow it to happen. At the moment though, it doesn't sound like its a viable choice for me, sadly Thanks for the thread guys. It prompted me to re-investigate some things. With kind regards, MK

Hi R/R, I can't use TOS because I'm trading Asian Futures exclusively due to my timezone. I use IB as my broker and they also seem to have a Linux platform. However, IB is not sufficient for my charting or my data needs. That's the main problem with moving off Windows. Unless running windows under some sort of emulation - you are screwed

Yeah, that is what I had thought. But your prior comment quoted in my post implied otherwise. Thanks for the reply though. With kind regards, MK

So basically, you are saying that it is simply the net delta across various timeframes normalized by time of day?

Rollover today, mate!

Yes this is what I was meaning in my prior post. I was measuring the ratio of commitment (as I defined it above) vs volume and assessing that to the amount of ticks it moved. At the time, I was calling this 'efficiency'. I never saw much use with what I had, but I'm not the brightest spark in the fire. Maybe more illumination can be given in this thread. With kind regards, MK

Yeah, this is a big big hassle from my experience so far. I have searched for non-USA brokers in my Asian markets of interest and seem to either come up against some sort of language barrier between us, and/or they end up being pricier than using Interactive Brokers. Please do keep this thread updated with any non-USA broker you find and end up settling with.

Hi there, Before being a trader, I was a long long long time Linux user and never had a windows setup. Then when I cam to trading, I started to explore VMWare so I could keep my Linux and run charting applications from within Windows. The result was terrible. The cursor was slow to update and there was a lot of ghosting. Keep in mind this was 6 years ago, things may have improved significantly now. My question to you guys using Linux (or even Mac). How are you guys doing your charting or data mining/analysis? Still have to run under some sort of emulation? I'm not too familiar with these virtual boxes - this is a type of emulation similar to what VMWare would do? I would love to get back to the Linux world (or Mac with their BSD influences now), but charting keeps me stuck in Windows. Thanks in advance. With kind regards, MK

Hi UB, If I understand this correctly, you are saying it is the ratio of commitment to volume? This is something I have explored in the past but failed to get much illumination on future prices with... I guess it depends how we can define 'commitment'. I was defining it as the net buy/sell at bid/ask at the timeframe under analysis. I think I've read you are doing it some other way though.

I hear ya James, I'm just bitter because I would like these things available for us

How can you say no client demand? Nikkei, Kospi, HSI all trade great volumes Better than many of the exchanges that TT currently offer, such as Sydney Futures Exchange, Montreal Climate Exchange (???), Montreal Exchange (??), Tokyo Commodity Exchange (?) The mind boggles as to why these exchanges have been prioritized for support.

Thanks James, that is what I thought. When reading the initial post, it sounded to me like TT might have _finally_ sorted out getting into Asia a little. Sadly that remains not the case I wish either TT or zenfire would start to make some head way in this area.

Since when did TT start offering OSE? Their website has for several years (and still does today) say it is a planned supported exchange for the future.

Yeah, unbundled is the way to go with IB on the HK products.

Thanks Tams, I was just going to post that but you beat me to it

I consistently see different HOD/LOD values in the esignal data vs the IB data. I'll take a look for the small print.

I can send tick data too, if you wish. PM me your email address and I'll do it after market today.

The IB issue you would have experienced (everyone does, every day) but wouldn't have noticed it unless you were comparing T&S data. IB takes snapshots, so if an extreme at HOD occurs in between the snapshots like a spike, then it just doesn't know about it. On a spikey instrument like HSI, this happens very very often. I get no data from: HSI 1!-HKF or from HSI F#-HKF. Sorry but I cannot really test the Q9 one without deleting my own data...If you would like, I can export minute data to you. I have about 4 months worth. Sorry to be of no help

Let me knew the esignal symbol (continuous or prior contract) and I'll give it a shot. I use neoticker. With regards to IB data. It isn't a problem of aggregation, but rather the snapshot method IB uses will totally omit ticks. A couple years back when I was trading the Nikkei and just starting to get into T&S related study, I compared market delta footprints from IB with that of DTN feed. The difference was massive and very greatly changed the perception of the tape.