Dude! Fri is public holiday in HK and HSI is not open. Your CFD firm ripped you off because u cant possibly beat the spread when the market doesnt move
I've been following this thread and I'm looking at HSI's monday morning open right now. I have a couple of noob questions... What kind if target/stop setup is possible on this beast using a 1m chart. Looking at it now, I see a 10 tick spread (10 ticks * HKD50 = HKD 500 or about USD$ 65... did I get this right?). On the minis ES and NQ, I frequently see people scalping as little as a tick. Clearly that is not gonna work on HSI. The way I see it I would need a 15 ticks stop and 20 or more target. So I hit my stop I'm out $100 and my target cashes me $130 or so. sorry for the begginer questions but I have no experience with foreign futures contracts and the time, currencies and all other conversions complicate the game.
If you read through the thread (which is not very long), you will see all of your questions and concerns answered.
The spread varies from 1 to 10; average is around 5. 5 on the HSI would be around 1/4 point on the ES. HSI usually makes such beautiful swings that I don't see any reason to scalp PERIOD. On a 1-minute, HSI sometimes is too spiky; the true trend is usually more obvious on a two or three-minute chart. HSI reminds me of the e-mini Russell in price action.
Sorry, can't help you in this department. I don't know why you would want to go with anybody else. IB is internationally recognized as a leader in multi-national markets, has an office in Hong Kong, and they know Hong Kong like the back of their hands.
I read the whole thread and learned nothing, found lots of bickering and arguments. I came to the thread with one question: Where the hell do I subscribe to the HSI data? IB listed a free Hong Kong Futures Exchange and a non-free Hong Kong Stock Exchange. But a link in this thread leads to Hong Kong Exchange. Again, I believe IB has clearly lost its touch. If there is in reality only ONE exchange called Hong Kong Exchange, why the hell does IB produce TWO exchanges? OK, I don't care IB fabricating exchanges, but which of the fabricated exchanges handles HSI? I just want to subscribe to this exchange and start looking at the HSI data. I can determine who is right and who is wrong after I look at the data, so stop your stupid bickering! (By the way, the only useful information I get from this thread is HSI is a thinly traded futures with 80,000 contracts daily, compared with ES in millions daily.) I guess nobody will answer my question after I call them stupid, eh? Never mind, bunch of morons.