Friday, October 30, 2009

HSI / MHI Hang Seng

I've been searching the web for blog posts and forums to gain insight into the HSI. It seems some of the comments are dated. If you trade this I'd appreciate any feedback or information you can offer (what doesn't work, what works) from your experience. Here is what I have learned thus far;

It's technical intraday chart looks very technical and normal, the daily looks like its on crack, gapping all over the place. The opening gap break out seems to work well, gap and run. I've been using the first 5 to 8 minutes to gauge the direction and strength. Then I bottom fish and take the breakout for my position and let it ride. Last night worked perfect, huge gains, sold when the upwards trend line broke.

I also only trade the "morning session" up to about midnight EST, then its bedtime. The "afternoon session" seems to have a mind of its own, like a different day.

The first half of the morning session moves and trends, the second half can be choppy, the range (ATR) increases too. Just before each session closes the price goes nuts.

I've read that the market is heavily manipulated by technical traders? I'm not sure what that means, it looks like it has some structure on the 1 minute time frame.

Questions for you if you trade this;

  • What is your daily target (in points or dollars)
  • What is your daily loss limit?
  • Do you trade specific time of the market?
  • Do fibs work? I have noticed they work somewhat, good gauge of a pullback but I generally don't count on them.
  • Do pivot points work? My guess is not since the gaps are huge, perhaps weekly pivots?
So far the P/L is floating in the black a little above break even and that's OK with me. Since I'm new to the Asian market, I need to learn it before going to bigger positions.
Any input would be helpful for me as I am building my strategy and plan for trading this puppy.

I also open up the chat room just before the market opens, its been quiet. Anyone know of any chat rooms for the Asian market?


  1. Hi Brian.

    Check out tremblinghands blog ( I know he has been trading the HSI intraday for a while now.

    There are a few blog posts on covering HSI, but possibly best to send him an email with your queries :)

  2. Thanks for the contact info. I've read his blog and forum posts, very interesting. This further supports my decision a while back to spend less time programming Amibroker and indicators and more time chart watching in real time. He also stresses "getting to know your symbol", in other words, get lots of screen time on what you want to trade to get to know its personality. He also has an impressive trade record.

  3. I think every trader goes through the process of attempting to code their way to success. After a period of time, they realize that the term K.I.S.S is all they needed to apply to be profitable in the long run.

    I'll be watching your progress with interest :)

  4. Just found your site, interesting stuff. Can you, by any chance, suggest a relatively inexpensive but reliable source of TSX (and/or TSX-venture) EOD quotes?

    Lots of U.S. quote services these days, but Canada seems to be behind, as always...

  5. Hi Zack: I use MSN for daily data. You can also look at, they have free and paid. Yahoo is also popular. Yahoo and MSN can be used with amiquote. MSN also has all forex pairs. Also, take a look at the charts on the right side of the blog and click on one. They offer 15 min intraday free charts in your browser,

  6. Hi Mark;
    Thanks for the words. If you trade HSI drop by the chat room, their are others thier trading the asian sessions.

  7. This comment has been removed by a blog administrator.

  8. HI, I'm from hong kong and feel like HSI 's afternoon session is much more controlled by the big fund and warrant issuers. so really difficult to predict until have a whole set of warrants related movement.

    by the way, did you able to use amibroker to implement fully automated trading?

  9. Yes, I have auto trading working with Amibroker. Finding a profitable trading system is another story though.

  10. Sorry for my bad english. Thank you so much for your good post. Your post helped me in my college assignment, If you can provide me more details please email me.

  11. I am sorry, that has interfered... I here recently. But this theme is very close to me. Is ready to help.

  12. Hello there,

    Thanks for sharing the link - but unfortunately it seems to be down? Does anybody here at have a mirror or another source?



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