MidKnight

Man...that is lazy! :shocked:

Sure Hal, I'm just trying to get a feel if your profits are the result of the noise you mentioned - that is all. I knew one ER2 trader who traded like that - exits were within the noise but stop was clear of it.

Sir, I do agree, mr. black is doing outstanding, but there are massive massive threads and debate about Hershey's style on that 'other' forum. I mean massive. To ask him how volume figures into it is an enormous answer. Try reading Hershey's stuff and if you can understand his obfuscated writing style then you may get some value from it....I posted the information you needed last time if you wanted to do some research on your own. With kind regards, MK

Hi Hal9000, I just want to clarify my understanding with your trading. So you are saying that the noise, by your standard is 5pts and the stop needs to be placed outside of that - sounds logical. And, that your targets are less than 5pts, so effectively within the noise? It's fine if this is correct of course. I'm just trying to clarify my understanding of the style. With respect, MK

In case Mr Black is away for the weekend. I will say that his charts look like Hershey style trading. You can find many many threads about this on that 'other' board. Search for Jack Hershey, spydertrader. It's based price volume relationships and channels. With kind regards, MK

My hunch is that it is an artifact of using snapshot data. Perhaps even the same issue would exist with 'true tick' data as the exchange my perform tick aggregation - I don't know if that is true. But it is common across all exchanges globally to not have 100% accurate tick data. It's a fast market, snapshot data will miss a lot of this micro movement.

Extreme volatility used to have a habit of bringing out my worst trading behaviours of overtrading. This was 4 years ago though, maybe I have matured since then! I've subscribed to esignal delayed data so I can start collecting some tick data to commence some preliminary analysis (HHI and HSI). If you have any comments about this instrument, I would thoroughly enjoy it. My thanks, MK

Hi Tams, Try HHI.HK for the IB symbol

Hi there, With the massive decline in intraday volatility on the Nikkei, I have been starting to examine other markets in Asia. It seems that HHI has now become quite a viable trading vehicle often trading around 80k per day. This is close to the volume on HSI. It has the same $ / pt as HSI but seems just ever so slightly more sedate. Anyone have experience trading it and can provide comparison to something like HSI. My thanks in advance, MK

Even with stops, the slippage would have been large it sounds like! Glad to hear you were on the right side of this. Lady luck is shining on you. All my best, MK

Seriously James - stay away from C++ as a first language. You will spend a huge amount of time with the memory management aspect of programming and it just isn't necessary to add that complexity when learning. The languages I listed before relieve you of that. Memory management in languages like C++ of Delphi are where 95% of the bugs reside in professional programs. Sure, you can start here and end up where you want to be. But it will take longer and a lot more effort.

Hi James, It really doesn't matter IMHO, what matters is that you understand the idioms. How to think about a problem in terms of those idioms. I would not recommend C++ however, as you have to learn too much detail outside of those idioms (pointers, references, other low level intricacies). Focus on higher level languages that allow you to learn the idioms. Some languages that come to mind in this area are: - Java - C# - Ruby - Pyhthon Once you understand the idioms well and can think about a problem in those idioms, learning another language is strictly syntax. You know how to solve the problem, just need to learn the syntax for it. With kind regards, MK

Adjusting stops and targets is an easy way to curve fit any system. Best way to evaluate is to compare to random as was suggested earlier.... Just my 2 cents. Enjoy the journey! All my best, MK

Ahh yes, OK. Thank you for the reply. For this type of study to be useful right at the open the only thing I can suggest is as I have mentioned above. Sum at a tick level, all the upticks, all the down ticks as they occur in real-time across each stock and then aggregate as a single index. I would also suggest removing the very opening tick as its volume can disproportionately skew this type of study in some markets. An alternative could also be to use bid/ask instead of up/dn tick. Best of luck in your study here. With kind regards, MK

It seems you guys are talking about different things. Jon seems to be talking about using PA from historical data to determine his levels, whereas you guys are talking about using PA to time an entry when it is at those levels. I don't think Jon is doing that, at least not the way some of us might.... Jon - here is a question for you. You have done lots of testing and after each time your post with $ signs in your eyes about how much money you made from the test run. Then you start to walk it forward in RT and the results don't match the test run - have you noticed that? So, why doesn't it match? Have a think about that..... With kind regards, MK

IMHO, do not bother with SGX contract, at least not for charting and taking trade signals from. Stick to where the real volume is, which is Osaka. Because of that, you don't want to use IQFeed because they only offer SGX. I tried and tried to lobby them to expand their international markets to Osaka and Tokyo but Jay was not interested. Because of that, I left them and went to esignal. esignal is the best priced for a retail chump like me. CQG and bloomberg cost a lot. Just to be clear, I'm not suggesting don't trade on SGX (I sometimes do), but only suggesting that basing trade decisions from the market where the volume is - which is Osaka. The mini does great volume, and by value, the bigs do a lot more. I hope this helps some. With kind regards, MK

Hi there, When you say 'net volume' are you meaning something like the net of UVOL and DVOL? Or are you meaning that for the current day, you are summing uptick volume and downtick volume across the stocks to create a single net volume? With kind regards, MK

Hi Thales, Thanks for your posts here. I'm not trying to be pushy here, entirely at your own leisure, but are you still planning on posting about focusing on R/R like a laser beam? I look forward to it. Perhaps in another thread as it might detract from this threads intent. With kind regards, MK

Just got this email response from esignal to my query as to when they will finally be offering real-time intraday data for the K200. "Following our chat, I am writing to inform you that at the moment we have not planned to add the Korean future Exchange in our Real Time DataFeed, hence there is not any ETA so far."

Damn I was desperately hoping there would be english on that site by now. I can't read nothing there.

Wow - that is CHEAP on the mini Nikkei!!! I'm paying triple that at IB. I need to check into this a little more - wow. FYI, I have been in contact every month with an IB manager at their HK office and he assures me that the unbundled ¥ denominated products will soon be brought into line and finally be cheaper than the ¥ bundled rates. I keep asking him every month, and he keeps telling me soon, soon. I'll keep it up to date here when I see something real change. IB has been telling me 'soon, soon' for 4 years running on this issue! Thanks for the post James. All my best, MK

Just a follow up here, problem was resolved with a complete re-install of MD and upgrading to the latest esignal data manager. Chad was responsive in working with me trouble shoot the problem - thanks Chad.

You guys that are interested in HSI might also want to consider the MHI (the mini HSI). With the ranges that HSI has been seeing since last year, MHI has become a very viable alternative.

That is not uncommon for Asian markets. The Kospi remains open through lunch...

In Asia, the Kospi 200 is liquid and so are the Osaka Nikkei products. The Nikkei products are a little more liquid than the K200. See you there!