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I've watched the Hong Kong Futures a bit as they sometimes give a bit of a lead for the SPI I've noticed. You're right about the volatility too. I haven't watched the Kospi so much though, so I'd be interested to look at it. I've been digging into the broker situation a fair bit recently, as going forward I'm weighing up the best options for my trading. I have accounts with a few different ones as I put on some longer term spread positions (mostly calendars) so comms aren't such a worry for that time frame. My plan going forward is that I want to put more time into spreads though so I'll see what happens.
Thanks for the Kospi tip.
Can you help answer these questions from other members on NexusFi?
I use e-signal for Kospi data. One of the few I could find that has access. Only 30/month once you're already using e-signal (which is I think 110/month for futures access). I'm a systems trader and bought some historical data from Investware in Korea for back testing.
and fyi I use IB as my broker. KRW is a difficult currency to get in/out of so not many guys give you access. I'm still testing in SIM but I don't forsee many problems getting my profits (fingers crossed!!) back into AUD.
A reasonably quiet start to my week. I did little yesterday and wasn't expecting huge moves today given the long weekend.
I found a bit of buying early which was good for a few ticks. I still like to look for a bit of break early, however I'm not expecting those breaks to hold given the light volume.
Later there was a nice run of the lows on some volume and squawk was talking about China.
There was a bit of a PB I liked and took it. Held it as it went against me before it ran down to the lows. I didn't get a fill as I tried to get out and I ended up taking a scratch. Unfortunate.
Do you watch honkers much when trading the SPI? My successful trading always involves watching another market with my primary market, obviously speaking of semi- correlated markets here....
Edit: I see where you replied to this already above, but do you specifically find the HHI or HSI best?
I used to watch the H-shares, but I guess it's like anything when it comes to correlations, the leader might change day to day. So maybe one day it was HHI then the next HSI.
A bit like the SPI and the 6A. One day SPI follows 6A, the next 6A follows SPI.
Yeah agree, see this allot with the DAX and the FTSE (Z), mostly the FTSE seems to lead, but occasionally depending on the theme of the day the DAX may lead or the relationship is not worth following. I'm not always looking for a lead, more often just that the general directional bias is shared i guess....for lack of a better way to put it.