I LOVE the HSI futs!

I use SierraCharts (sierracharts.com) with IB feed. If I miss any data, I backfill using SCMagic (scmagic.org). For the daily chart, I use the one at futuresource.com - http://www.futuresource.com/charts/...450&d=LOW&b=CANDLE&st=EMA(10,20,50);VOI(1,1);

 

jimc,

Breakout strategies like Ross Hook and TTEs seems to work well when HSI is trending.

However, during sideways action, the whipsaw is terrible because price will trade above the high by a few ticks only to come back quickly and hit a 20-pt. stop. All this in a matter of seconds to a minute.

I usually watch volume early in the session to determine if a trend day might develop.

 

Hey now! Actually, I started trading around 1994 (shortly after I got out of college). I am not that old----or am I?

 

Have you ever seen a bad car accident happen in front of you and then you slow down your driving speed for at least a week ?

Well tonight, HSI made me think twice.

I did not have a trade on, but in both of these cases (see attached chart) if your stop had been above the high of day with a stop order that became a market, you may have been filled with over 15 points slippage.

In both cases noted on the attached chart, I was watching the last print column on IB TWS and price in both cases jumped 10 points with no prints in between and then in the next blink was 5 points higher than the last 10 point print.

BTW, short 14205 right NOW.

 

Cover 14190 +15


This thing makes me perspire.

 

short 14234

let's see what happens here

 

Anyone's guess I reckon. Went long at 14215 but had to make a pretty quick exit when it turned

 

cover 14200 +34

Yes !

Finally got one of those explosive moves in my favor.

 

Jeesh.

Now it's all the way down to 14178 and counting !!

 

Ya know how markets are either going up,down or sideways.

Well, I think HSI only knows up and down.

Now, I've only been following it a few weeks but there's hardly been any sideways chop.