Nikkei is a bit limited in range so you need to trade it with that in mind. On ib u can trade N225 N225M and SGXNK. More range in your times can be found with SPI STW (taiwan) and EUR.JPY (currency pair which has reasonable spreads and quite good moves at this time).
Also note there is a new N225 Mini contract that started trading on SGX. Our symbol is SGXNKM. It ticks in 1 yen increments.
Thanks Def, didn't know about that one. Schaefer Edit: There's no information available about SGXNKM on IB's website. Will they be updating soon?
Argghhhhhhh. I had to step out so I closed my position @ the end 1st session. I had a feeling it would gap up and did it ever. F$##$ Me.
It's still new. Spreads are not so good. The only people playing are MM's, and at the moment they are scrathcing their balls. QUOTE]Quote from Schaefer: Thanks Def, didn't know about that one. Schaefer [/QUOTE]
correct, it looks like there are 1 or 2 MM's who are quoting 1 tick outside the N225 on the SGX at least 50 up. thus slippage shouldn't be too bad. however, the contract size is so small that it might be a product which is good for testing the waters at low cost before trading the larger contract. as for our site, I assume it will be updated shortly.
Here's a couple of charts from last night for people who wants to see it. The movements have been improving lately. Schaefer
And one more with regular candles instead of the Heikin Ashi. Both charts are based off of 1597 constant volume. Schaefer