Hi TIKITRADER, I want to suggest starting another thread, that covers KOSPI trading via SCT. The purpose of this thread is to get people acquainted with this contract and its specific characteristics. Regards, redduke
Thanks RedDuke sounds good. I would like to continue to contribute here with information on the contract everyone can benefit from. Charts posted were to give a visual for those who may have not seen this instrument, though a plain chart would have been adequate for the purpose of example. I came across a calender for Korean exchange holidays http://asianmarketholiday.blogspot.com/2009/11/south-korea-stock-exchange-trading.html http://www.bank-holidays.com/holidays_2010_710.htm
Definitely. Thanks for posting the links. I am very surprised that there is little talk about this contract. It has been available to US residents for almost 1.5 years now. It is a great instrument, and its time zone allows many people to keep their day jobs while learning how to trade.
Maybe you could mark on your chart where are the trading points (entry / reversal / exit) for beginner and /or advanced beginner levels ...
This discussion seems to ignore the information provided by volume, and rely exclusively on price, in spite the fact that this method claims otherwise ...
charts, hi Your comments are right on the mark. This instrument is nearly perfect for trading using market variables. I didn't figure out what I did to step out of line vis a vis the theme here. The poiint of looking at any instrument is to take advantage of market 'tells' to be able to take the offer. P,V is really terrific for this instrument and doing the skill progression is very doable. I was emphasizing making use of the instrument. The timing of trading is very clear.
Jack, It's just that your point of view is not welcomed by this thread's originator because it distracts from his point of interest. Just keep contributing on other threads. No harm done ... I'm sure that the timing of each trade is clear to you, but it would definitely be useful to a beginner and advanced-beginner to see how it is done, how to deal with cancellation, fanning and acceleration, how to stay on the right side of the market, when to make each decision. It would show the increase in banked points when a beginner graduates to the next level.
That's what I thought, too The timing on this instrument for taking profit segments is telegraphed by the active traders. It is definitely different than US type markets. I guess doing the calls relative to the flow of the signals from the instrument is the critical path for moving up the knowledge and skills ladder. Profits are the trader's permission slips for adding positions as a consequence of skills. This was my last post; I don't want anyone worried about the future of the thread. I'll just watch the calls from the OP based on the instrument's characterisitcs.