SPI 200 Futures!

[pavilion103]

Price action on FTSE is much much cleaner though.

I find myself using limit orders on SPI more because setups are too wide and the stop can get taken out much easier IMO.

 

[Market Sniper]

Yeah neither! Yeah I would be trading those as well but different hours now for work, so only get an hour if that to have a look at those markets before its nap time! 3am rises these days

Thanks re the grand

Interested in your take on the volume on that chart tech, especially that larger red one in the middle(not that it's that large, but larger relative to those around it), seemed to halt the move for 2 bars or so, then the push further down again. The red bar after those two green ones is on pretty low volume, and being at that point, I take it that is a sign of moving down with ease? A lot of people would interpret that as no supply, when it in fact could be the opposite? Obviously was something like that in this case as it continued plummeting!

Chart is a 9m

Hey Sam

Curious as to reasons for 9m chart?

Cheers MS

 

[ThingyMajiggy]

Hey Sam

Curious as to reasons for 9m chart?

Cheers MS

Seems like a good time frame for cutting out noise, I don't actually use the chart that much, more of a DOM-based trader, I refer to the charts on 9m or above to see the whole road, instead of just the next corner

 

[Market Sniper]

Seems like a good time frame for cutting out noise, I don't actually use the chart that much, more of a DOM-based trader, I refer to the charts on 9m or above to see the whole road, instead of just the next corner

Thanks for that!!!

 

[cmt5467]

These futures seem to be illiquid. This market could be easily manipulated.

 

[baby_swallow]

These futures seem to be illiquid. This market could be easily manipulated.

Yep. Its mostly the market maker bots doing the trading. With ASX now charging a monthly data fee of $65 when it used to be free, it will scare some retail traders away. The SPI200 is now among the most expensive market to trade, let alone easily manipulated.

 

[skyQuake]

After a crazy 150pt intraday range... Lows in?

 

[ackj]

Who is everyone using for a SPI data feed?
I'm using the filtered interactive brokers data and would like to compare it to someones unfiltered data.

I usually record the SPI 9:49 to 11:49, would anyone be willing to record their screen for the first hour or so we can compare?

I trade with DOM, 1min, 5min (candles) so ideally it would be someone who uses a similar setup or willing to set it up for a comparison.

My setup(NT w/Jigsaw):

 

[skc]

After a crazy 150pt intraday range... Lows in?

A very nasty day. XJO finished just below the last low in early July.

It's the banks and resources taking turns to get hit.

I actually thought today was going to be a positive day... with CBA reporting ok and the last of the raising out of the way. And it looked that way for a bit until the Chinese news.

 

[CanOz]

Anyone hear any brokers that are carrying the new SPI mini?

 

[Richard Dale]

FYI:

Mini SPI 200 for Nov 2015 contract volumes since date of listing:
0
0
0
60
24
120
48 (open interest 252)
36

For Mini SPI 200 Dec 2015 we would expect bigger volumes as this is a "major month" on the full SPI 200
0
0
0
25
291
0
33 (open interest 88)
5

Not exactly setting volume/open interest records right now.

 

[Trembling Hand]

Richard have you access to live depth data? Would be more interested in seeing the spread.

 

[Richard Dale]

Nothing happening on the night session. By nothing I mean no bids and no asks.

Here's the live trading floor:
https://www.youtube.com/watch?v=U9c_KttvQPU
(well at least that video is more entertaining than the Mini SPI 200)

 

[CanOz]

Nothing happening on the night session. By nothing I mean no bids and no asks.

Here's the live trading floor:
https://www.youtube.com/watch?v=U9c_KttvQPU
(well at least that video is more entertaining than the Mini SPI 200)

Lol @ Richard....

They obviously have no market makers then, Eurex has said the Dax will have market makers until the liquidity is sufficiently. Why would the ASX not do the same, or do they like to see new products fail?

 

[Quant]

Lol @ Richard....

They obviously have no market makers then, Eurex has said the Dax will have market makers until the liquidity is sufficiently. Why would the ASX not do the same, or do they like to see new products fail?

Seriously who trades these SPI minis , daytraders cant make a living at 5 bucks a point , waste of time really , only about 15 years too late ...

Hopefully we can bring this thread to life , SPI/AUS200/XJO has been magnificent to trade this year with daily ATR above 75 most of year with a 6 week period north of 100 . Really has been the perfect rotation to mean indice this year for daytraders . DAX has been chaotic since QE started and for most of year SPX was stuck in a 4% range till august . Has been great , not so much burning midnight oil to turn a coin .

 

[Quant]

Daily at a key juncture and id expect support here rest of year , seasonally bulls rule from dec opex on , FOMC the fly in the ointment . Below AUG sell exhaustion gets ugly




Short term trend is down on multiple TF and its been a sell the pop market since early dec when we saw fresh 5 day lows

 

[Quant]

Got that snap of the bottom 'V' style that burns shorts so well , coming up to a resistance zone . Liquidity going on holidays so bit of a grind for next 2 weeks would be the norm ...







add the 2 hour here for MT structure

 

[Quant]

You got to love the points on offer in the 200 these days , compares to any indice anywhere currently . Structure and geometry comparable to ES/SPX , I am surprised that more aussies don't trade it . Great hours , great moves , great profits on offer ......

 

[kid hustlr]

Yeah its been behaving quite nicely in recent times.

How are you seeing it now? Looks like we are back into the range - I'm looking for another push up over the coming days with (possible) resistance circa 5200

 

[CanOz]

What is it that makes market change the way the SPI has, is it liquidity, fewer algoes, more retail traders, more institutional?