Australian (ASX) Stock Market Forum

International Index Trading

Jump to new
professor_frink said:
Nuts to this I'm going to bed.

Have sell stops in @ 78.5 and 68 to scale in, will be surprised if I get filled on either looking at the current price action.
Click to expand...

Good morning Professor. that worked out well :D I went to bed thinking I was more likely to get stopped out than not. Was even going to scratch them!!

Got up early and covered my ES on the close about to do the same with the SPI. Boy will I need some of this :coffee: today.
 
trembling Hand said:
Good morning Professor. that worked out well :D I went to bed thinking I was more likely to get stopped out than not. Was even going to scratch them!!

Got up early and covered my ES on the close about to do the same with the SPI. Boy will I need some of this :coffee: today.
Click to expand...

Nice work. Dunno how you managed to get up for the close of the US session!

professor_frink said:
Nuts to this I'm going to bed.

Have sell stops in @ 78.5 and 68 to scale in, will be surprised if I get filled on either looking at the current price action.
Click to expand...

Both sell stops filled overnight, now have an average entry price of 79. Stops now @ 82. Will have a look at how it's going when Europe opens.
 
Been watching the HS too...wow

Check out the Kospi? 895 points!:eek:
 
trembling Hand said:
Ninja trader
Click to expand...

OK then. Weird things can happen filling orders in this index. I've gotten fills at prices I didn't even see the market trade at before. You can sometimes just throw a limit order out into the middle the spread and get an almost instantaneous fill. Not sure how a sim can deal with that kind of action, but it will be something to be aware of if you decide to move from the sim to real time trading.
 
professor_frink said:
OK then. Weird things can happen filling orders in this index. I've gotten fills at prices I didn't even see the market trade at before. You can sometimes just throw a limit order out into the middle the spread and get an almost instantaneous fill. Not sure how a sim can deal with that kind of action, but it will be something to be aware of if you decide to move from the sim to real time trading.
Click to expand...

Yeah I know of a prop firm that traded some newbies on it for months. they where all profitable so they let them go live. They all lost money every day!!
Back to the drawing board for them. :banghead:
 
trembling Hand said:
Yeah I know of a prop firm that traded some newbies on it for months. they where all profitable so they let them go live. They all lost money every day!!
Back to the drawing board for them. :banghead:
Click to expand...

OUCH!

Looks like panic has finally taken over the SPI- starting nudge to new lows now.

The nikkei is holding up pretty well compared with other Asian markets. If it tanks and breaks down below Monday's lows, we could see a bloodbath when Europe opens. And hopefully the ES will spike down and take out my buy order if that happens:)
 
I may regret this later on this evening, but I just cancelled my buy order @ 39.

Moving my stop to 55 and will look at it when Europe opens.
 
For those that can't see how much the asian indexs have lost today......this will be a day to forget for some!
 

Attachments

  • Aug 1st.jpg
    Aug 1st.jpg
    86.3 KB · Views: 134
wow! hope you're all giving it some! gutted - have not been able to join in the fun the last few days but definitely aiming to make some time later this evening for Europe
 
Gap down in HK this afternoon anyone?? Usually it will follow the nikkei, which is currently down 70 pts since HK went to lunch. If the nikkei doesn't recover between now and 4:30, we are probably going to see the HSI down over 1000 later on this afternoon:eek:
 

Similar threads

wayneL
Trading The SPI - Gann Techniques
2 3 4
Replies
65
Views
17K
Freddo
Freddo
wayneL
Trading The SPI - NON-Gann Techniques
203 204 205
Replies
4K
Views
426K
Edwood
E
Top