Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Trading the KOSPI 200 Index Futures

Recommended Posts

Guys u can try phillipsfutures based in HK and singapore .

I use to use them for asian session futures indices. i also use to proptrade their house money plus my own.

As for comms I can check for you and get them down to almost what "locals " pay. "Locals" ie: exchange locals.

 

Let me know and I'll check for you.

 

They are on patssystem.

But when I traded with/for them we had the pits .

 

Just doing a favor ...... as a form of contribution to this site.

Share this post


Link to post
Share on other sites
I use metatrader to look at charts. I mainly look at kospi and hangseng. Just wanted to mention that. I don't know how effective that is having in mind I am paper trading... anyways I am here to learn, I like the big volume, it looks more interesting than other markets, thanks!

 

Hello 156,

 

how did you manage to get Kospi data through Metatrader ? Which broker do you use for Metatrader ? Thanks in advance !

 

Mars

Share this post


Link to post
Share on other sites

I am using a Malaysian broker to get that data - that was the only one I could find, I only use it for charting, am I allowed to name the broker or you want me to send you a pm ?

Thank you!

Share this post


Link to post
Share on other sites
Interactive Brokers

 

Yes, they seem to be the logical choice, another question - does any one know a good news feed I can use for reading some Korean news?

 

Thanks!

Share this post


Link to post
Share on other sites

For those interested in trading the KOSPI through a local Korean broker you may be interested in NHFutures: http://nhfutures.com/engIndex.action

 

I met with these guys today and seemed extremely nice. They are a FCM of the KRX so execution is the fastest when trading the KOSPI. They also cater towards the retail trader and have their own internal execution platform available.

 

They also have a number of english speaking employees as well.

Share this post


Link to post
Share on other sites

I am not sure if the Quoted margins are correct in the first post... I am currently communicating with a IB representative and she's quoting different numbers ... could someone double check that ...

Share this post


Link to post
Share on other sites
I am not sure if the Quoted margins are correct in the first post... I am currently communicating with a IB representative and she's quoting different numbers ... could someone double check that ...

 

Those are margins provided by the exchange... I am assuming your broker will probably quote you a higher margin?

Share this post


Link to post
Share on other sites

Hey Soultrader,

 

first of all thanks for the intro. Sounds like a great market for scalpers that use limit orders if the tick value is so large and bid/ask depth is low (depends on the commission of course). I have a few questions:

 

1) What is the commission with the local Korean broker 'NHFutures' that you mentioned?

2) Are the KOSPI 200 Index Futures and the U.S. stock index markets correlated?

3) How do you know it's largely retail driven? Because of low sized trades?

Share this post


Link to post
Share on other sites

Shame that eSignal doesn't provide data for this market, and IB doesn't really provide history. Any ideas on what I can backfill my charts with in order to see if my analysis works on this market?

Share this post


Link to post
Share on other sites
For those interested in trading the KOSPI through a local Korean broker you may be interested in NHFutures: http://nhfutures.com/engIndex.action

 

I met with these guys today and seemed extremely nice. They are a FCM of the KRX so execution is the fastest when trading the KOSPI. They also cater towards the retail trader and have their own internal execution platform available.

 

They also have a number of english speaking employees as well.

These gents don't yet offer retail execution for overseas traders, based on my correspondance with them. Will let TL know when they do.

Share this post


Link to post
Share on other sites

Some light reading, showing how heavily speculative and retail driven the Kospi is:

 

http://207.36.165.114/NewOrleans/Papers/4201904.pdf

 

I've started looking at this futures this morning, and being so retail driven it seems to trade very 'technically'. The shaded regions are support (bottom) and resistance (top) zones from the last few days volume profiles. 50% retracements also important.

5aa70e7f65028_K20029082008MorningPartial.thumb.PNG.c2760e37a64e7e91bdb27fc59a87ae56.PNG

Share this post


Link to post
Share on other sites

Goon - I haven't traded KOSPI before, what's the order book depth like?

 

Would someone be able to post a screenshot of the order book if it's not too much trouble.

 

Cheers

Share this post


Link to post
Share on other sites
Goon - I haven't traded KOSPI before, what's the order book depth like?

 

Would someone be able to post a screenshot of the order book if it's not too much trouble.

 

Cheers

 

Its not as big as the ES but you are going to see 150-300 contracts at each level. Ill post a live one on Monday... markets closed now and bid/ask is not showing anything on my DOM.

Share this post


Link to post
Share on other sites
Its not as big as the ES but you are going to see 150-300 contracts at each level. Ill post a live one on Monday... markets closed now and bid/ask is not showing anything on my DOM.

 

Nice! I didn't realise it was that thick. Good hefty tick size as well.

 

Thanks

Share this post


Link to post
Share on other sites

I was watching it all day today, and the depth of all five levels was between 300 and 1200 on each side. 300 was very thin, most of the time they sat at over 500 (100 each level, each side).

 

Very thick, big movements, and each tick is approx 23 USD.

Share this post


Link to post
Share on other sites

 

I've started looking at this futures this morning, and being so retail driven it seems to trade very 'technically'. The shaded regions are support (bottom) and resistance (top) zones from the last few days volume profiles. 50% retracements also important.

 

What exactly are those shaded regions? Value Area Low/High? POCs?

Share this post


Link to post
Share on other sites

I use volume profiles on different time ranges. The shaded areas are the transitions between high volume and low volume regions, or what is otherwise known as the 'value area' highs and lows. I believe I created these from the weekly volume profile combined with the dailies.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.