MidKnight

How did you find that out? All my best, MK

Thanks for the reply...I also use esignal but am searching for alternatives that give T&S data. CQG is an option, but it starts at $595 / month ( :doh: ). I've been with esignal for a couple years now and trading HSI for about 4 months. I can't recall the past historical contract data problem, but in looking at my data cache, I see that it pretty much only goes back to when I started subscribing to HKFE, so you could be right about past contract data not available. I would have tried to get as much historical data as possible..... There was some crazy crazy activity yesterday that was not normal. In fact I'd say the last 2 days haven't been normal with friday being extremely abnormal. I'm not sure what sparked that run up. My friend living in HK tells me there is never news scheduled during the market hours. Maybe some sort of surprise news or perhaps pure manipulation squeezed out the shorts? Who knows! With kind regards, MK

Regarding trading MHI...I've been trading it just fine for a couple months now. Sure, its thinner, has a wider spread, and trades less volume than HSI, but that hasn't made me unprofitable on the market. I trade a scale-in / out approach and I'm reluctant to start trading 10 HSI as a minimum maximum position. My only regret to trading MHI is the commissions are significantly higher compared to the amount you earn per tick. If you are scalping (ie less than 20pt profit per trade), that could have a significant impact and possibly even be a deal breaker with IBs standard unbundled comm rates. Having said all that, for how I'm trading, MHI hasn't been a problem yet. With kind regards, MK

This is the recommended source for typhoon information as per HKFE. Hong Kong Observatory

May I ask who is supplying your data? Thanks in advance, MK

Yes, but that assumes your latency is consistent - which it is not.... ** Edit: I see taotree beat me to this point.

Hi AMT, I didn't know you were also here on TL - welcome. I've read pretty near every post of yours on that other forum (except the political ones ) and I still don't understand exactly what you mean. Perhaps you can elaborate on this with something more visual.... I find in my own use of trying to replicate what you describe above has been terrible. I often think that I've aligned myself with the order flow, only to get hammered seconds later. Maybe we can post some examples back and forth - I can even post some my HSI blunders.... With kind regards, MK

Thanks for the post UB. I guess it is time for me to demonstrate my lack of understanding....if each bar of the hist (I'm not saying your hist is this, I'm just theorizing) was buy, sell, and total volume over time, then wouldn't the difference from one bar to the next, and even compared over several bars depict the acceleration and deceleration? I guess I'm not seeing how it would be incorporated into the calcs, but rather assumed it was part of the interpretation of the data presented. Am I making any sense? With kind regards, MK

What UB is saying makes perfect sense to me, I just cannot understand (yet) how it is detected as a large participant.

I found this post on "Re: The Evolution of Market Profile Theory" interesting and have nominated it accordingly for "Topic Of The Month August, 2009"

Absolutely agree - to me it does vary as the trade progresses, both in terms of price movement and the tape. My choice has been to compensate for the uncertainty by scaling-out. Moving away from absolutes (ie my risk is always X, my target is always X, my R/R per trade is X) and moving towards grey definitions. The market is not perfectly absolute with foresight, so my trading needn't be either With kind regards, MK

Ok, maybe I can post some Hang Seng charts because, honestly I struggle with S/R in this emotional market. I have tended to view S/R as zones which can be quite big. I would love a little more precision with this, but maybe I am asking for too much. Here is my attached volume chart. The different colour bars signify a different day. Currently in a trading range and interestingly the approximate midpoint hits that prior swing high. That swing high marked the largest correction since the huge 20%+ bull move of July. Any suggestions, critiques are warmly received.

Thanks for the efforts here DB. As I read this though, I don't see any comment about what was anticipated, even though you say it was anticipated. More specifically, what the market did, even though you may have anticipated it, the order of which they occurred was also anticipated? I'm not trying to be rude, it may be foresight to you. But as I'm reading it, it doesn't appear that way. I will read on though. Especially when you say if a reaction occurs at the support level than a long may be warranted. With kind regards, MK PS: instead of referencing past market action by thursdays high, or fridays low, can you use the price and the date on the chart? The reference points you mention in the text is difficult to follow along with when reading at a later date.

Hi John, I'm no ES trader, but in two markets I have studied in detail, the Nikkei 225 and the Hang Seng (in particular N225) - probes through obvious S/R are a near certainty. It is rare to not have it probe. The probes are necessary because they take players out who use the prior pivot as a natural stop area, they sucker people in to play a breakout, after the probe occurs it needs to attract participation. From my studies, most of the time the probes do not. Have you studied this on your charts? Maybe you will find that the probes occur more frequently and more reliably than your DT or DB patterns. Just my With kind regards, MK

10 HKD is right for the mini. I'm not sure if your CFTC changed the restrictions on this, but they used to not allow US folks to trade the mini. No idea why. You best check. Yes that is small per point, but it is not overly unusual for HSI to put in 500+ pt ranges. Lately over 300pts is pretty much a guarantee every day. So even though the mini is small on a per point basis, when you see the market movement intraday, you will see that even this small contract is sufficient for decent daily gains. The 'big' HSI is 5 times the size of the mini, so you could trade that if you want more grunt. Better spreads and better volume on the bigs. Both are highly tradable. With kind regards, MK

John I have to interject briefly. Many many traders from mentors (Denise Shull comes to mind), pros, and rookies like myself find it it much easier to do the multiple entry/exit thing. By not doing it this way, the trader is asking for perfection on every action rather than averaging the actions out for an average result. Keep your mind open, there is a reason so many do it - it's easier. My trading catapulted when I was doing more than 1 contract that only allowed me to be all in or all out. Have a think about it, or try some things out in playback. With kind regards, MK

You are getting there...the difference between hindsight analysis and RT trading is immense. It takes time.... With kind regards, MK

I'd be lying if I said I wasn't envious of her results. I gotta wonder why you are not trading on forex if you method seems to work this well? Outstanding results. I act about 9 years old sometimes, if you ever want to adopt a son, let me know With kind regards, MK

I saw that in the IB communique - great news, especially for traders in the Asian timezones

No sir, I never have. Forgive my newbie question, but, what would be the benefit over esignal? I'm not sure charting would accept it....

Absolutely not. You just get best inside bid/ask. The main benefit, I feel, is that you have a better chance of getting the 'ticks' than you will with IB, seeing as it is snapshot data. Not everyone cares about this type of thing. I do though. With kind regards, MK

Yep, I'm using esignal.

Well said there. That is the truth with any discretionary method. It really is impossible to say with any grasp on reality how the week coulda, woulda, shoulda played out. With regards to your SR levels, I would recommend keeping the current markets condition in mind. Still in a trading range, so prior day levels and recent range levels are salient. Things will change....Joy of the markets With kind regards, MK

Hi john, I cannot understand that happening live, but can understand that happening in sim if your broker feed is using snapshot data then it can miss the extreme ticks and in situations like this, not get a fill in the simulator. If it was live, I can't see any way you would not have gotten filled if your limit order was in there and accepted by the exchange before it traded 2 ticks above. My best, MK

For order execution you can use IB and zerolinetrader now have a Linux version of their very nice DOM. All java based.... I am not aware of any good data feeds that will run on non-windows platforms