Shanghai INE copper cathode key parameters 1 lot = 5 tons 1 tick = 10 rmb/ton =50 rmb/lot (about $7 / lot) current price 52500. 1 tick = 10 points symbol : BC average daily volume = 15k only?!?!?!?! something is not right. trading hours (China time) : 9-11.30am, 1.30 - 3pm, and other trading hours prescribed by INE (9pm? to ??) I don't like long breaks. Seems like this product is not for me.
continue ... stop loss : ~ 10 ticks volume chart for signal : 30V perhaps I should study LME exchange. At this rate, I wouldn't be able to take a rest.
My coming holidays plan. Since I can't travel due to covid crisis, I will spend my time further expand my trading area. Past few days, the US market hardly moves. so in the next few days, the whole world market is going to be very dead unless there is something like a powerful presidential tweet. Time to clean up my Esignal charts. Time to explore those products from China Exchanges. sigh ... extremely boring holiday.
Shanghai INE exchange managed to set up the charts for copper cathode TSR 20 rubber medium sour crude oil low sulfur fuel oil I guess these are the only 4 products that are open to foreigners for trading. All have the same trading hours. China time : 9am -11.30am, then lunch break, 1.30pm - 3pm, then very huge time gap, then 9pm to 1 am All have monthly contracts and are in RMB INE rubber volume is quite decent compare with volume from other exchanges (SGX, TOCOM, BMD? )
Shanghai INE 18 Dec hindsight analysis / post mortem analysis / reverse engineering or whatever-u-call-that copper cathode up @9.24a max profit ~US$400 / lot Low sulfur fuel oil up @9.57p max profit ~US$80 / lot It seems small. I hope it is not a calculation error. I think the contract size is quite small. medium sour crude oil up @9.59p max profit ~US$700 / lot TSR 20 rubber up @9.26p max profit ~US$350 / lot summary : - reward : ratio for the above was > 2:1 - great movement during pre-US market - there was only one boat service a day. you miss the boat and you have to wait for another day - INE price range was actually relatively good! For other exchanges, there were hardly much movement.
Jesus, yer such a commodity whore. Way to go on trying to capture the whole world! I could not do that.
I started with one futures & one computer monitor. As time goes by, I add more and more. I will be adding more during the coming very long holidays because of travel restrictions.
Yeah, I was supposed to do that same thing. I wanted to get a few more monitors as my trading expanded. Alas, real-life bits got in the way. :-( Well, keep on keeping on max! Kill it on the Eastern Hemisphere!
The next hemisphere to focus on is the Southern Hemisphere. B3 exchange (Brazil ....) is actually the top 3 derivative exchanges in this world, bigger than many exchanges in the US.