SPI200 Chat - What will happen next?? *suspense music*

[beamstas]

Ah hahaha

Why not professional shorts have no desire to short at these levels. Why is VSA biased to wards pros buying

Don't know!
Im just saying what the TradeGuider manual says! (still havn't seen a chart)

 

[>Apocalypto<]

You enter the SPI short at 4000

Is it going to go up or down

Simple question

That is an entry

Now tell me if you are going to make money

Doesn't matter where you enter the market

It's going to go up or its going to go down
Your entry doesn't dictate that (unless you are soros)

You have been reading trading in the Zone!

so why in the first place did u enter at 4000?

you have have an idea on which way the market will move or why would u trade? if u randomly pick a number and put money on it go the the Casio u have a better chance at red/black.

I see what your trying to say... but you need an idea to make a trade, sure no one can say 100% if it's going up or down... but u have to have a idea to make a position. Or else you're guessing with no plan.....

that don't get u far.

also TH posted this a while back which is a excelent point...

you can have all the risk management in the world, but if you can pick a winner more then you pick losers your sure to fail! makes perfect sense to me..... (his words written by me)

cheers

 

[beerwm]

'risk management' is a prediction about the market itself.

that the 'stock/index/etc' will trend.

 

[Cartman]

Entries provide you with an edge that enables you to make money. Money management ensures that you are able to derive a positive expectancy from your edge.

yep

Risk management (position sizing etc) is extremely important, but ultimately a waste of time if you are consistently selecting unprofitable entry/exit points.
i am one of the noobs you refer to

if ur a noob, you are well on track L

My most important philosophy in sportsbetting was the emphasis on getting a good price.

good price = good entry

Ask Ivan about entries. His short may work out That is a bad entry to a good trade.

exactly ! -----

Everyone is taking my point out of context!

nah, --- know what u mean Brad --- yr point is well made and well taken

---- entries become more important depending on yr trading time frame

scalp = critical
swing = important
EOD = who gives a cr@p --- MM will take care of it !!

 

[beamstas]

You have been reading trading in the Zone!

so why in the first place did u enter at 4000?

you have have an idea on which way the market will move or why would u trade? if u randomly pick a number and put money on it go the the Casio u have a better chance at red/black.

I see what your trying to say... but you need an idea to make a trade, sure no one can say 100% if it's going up or down... but u have to have a idea to make a position. Or else you're guessing with no plan.....

that don't get u far.

also TH posted this a while back which is a excelent point...

you can have all the risk management in the world, but if you can pick a winner more then you pick losers your sure to fail! makes perfect sense to me..... (his words written by me)

cheers

"Trading in the zone"

Never read it! Is it a good book (i actually recently posted on another forum for people to reccomend me a book to buy becasue i want to spend some $$). Woudl you reccomend it?

Cheers
Brad

 

[Mr J]

good price = good entry

Exactly, but with trading a good price also means a good exit.

 

[skc]

All very good points guys. Wrong thread!! (Me guilty also ) Someone should start a thread called "Entry, exit and trade management - which is more important" and bring the discussion there.

Meanwhile the SPI flies back up towards today's R1 - look like making a 5th crack at leaving 3950 behind.

Non-farm will be the key no doubt.

Cartman - what does your crystal ball say about the payroll numbers? Can you predict to the exact number down to the single individual (like you did last time to the SPI high)?

 

[>Apocalypto<]

"Trading in the zone"

Never read it! Is it a good book (i actually recently posted on another forum for people to reccomend me a book to buy becasue i want to spend some $$). Woudl you reccomend it?

Cheers
Brad

Hi Brad,

Yeh it's a great book well worth a read.

I have read quite a few times myself.

cheers

 

[nikemi]

There was high vol on stocks today?

Could be due to increased flow of funds in SMSF etc before the expected tax increase on Tue. Personally know of a few people that did that.

 

[MRC & Co]

Could be due to increased flow of funds in SMSF etc before the expected tax increase on Tue. Personally know of a few people that did that.

I don't have the cash chart at home, that's why I was asking if there was high volume on the XJO, as opposed to the small volume on the SPI........

But an interesting comment, I didn't even know of a tax increase on Tuesday in relation to SMSF, a good point.

Also disagree about entires, gather Beamstas read Adaptive Analysis, but I can't say I agree with this part, otherwise even a simple concept such as intraday execution for EOD trading wouldn't be required........

Cheers

 

[nikemi]

I don't have the cash chart at home, that's why I was asking if there was high volume on the XJO, as opposed to the small volume on the SPI........

But an interesting comment, I didn't even know of a tax increase on Tuesday in relation to SMSF, a good point.

Also disagree about entires, gather Beamstas read Adaptive Analysis, but I can't say I agree with this part, otherwise even a simple concept such as intraday execution for EOD trading wouldn't be required........

Cheers

The tax changes expected are that the 'rich' will only get half the tax free amount for super contributions that would subsides the budget earmarked for increase in pensioners income.

that tax change will affect mainly SMSF as most of the people in that category manage their own super.

 

[MRC & Co]

The tax changes expected are that the 'rich' will only get half the tax free amount for super contributions that would subsides the budget earmarked for increase in pensioners income.

that tax change will affect mainly SMSF as most of the people in that category manage their own super.

Ah, I see, thanks for the info nikemi.

Cheers for that chart below too.

 

[nikemi]

I don't have the cash chart at home, that's why I was asking if there was high volume on the XJO, as opposed to the small volume on the SPI........

But an interesting comment, I didn't even know of a tax increase on Tuesday in relation to SMSF, a good point.

Also disagree about entires, gather Beamstas read Adaptive Analysis, but I can't say I agree with this part, otherwise even a simple concept such as intraday execution for EOD trading wouldn't be required........

Cheers

XJO today

 

[Trembling Hand]

XAO & XTL (ASX20) volume about avg. SPI vol about half!!

 

[Aussiest]

Meanwhile the SPI flies back up towards today's R1 - look like making a 5th crack at leaving 3950 behind.

When will it end? It's looking pretty bullish, especially on the charts that T/Hand posted. Although, when prices are that much above the moving average, they usually come down / 'correct' at some stage... But, when?!

It's funny. I was just thinking about the crash and the insanity that engulfed it last year, and now this?! Goodness knows...

Thank goodness i'm not heavily invested in this market. I'm waitin' for the crash.

Btw, what are you doing home on a Friday night T/H? :

 

[Largesse]

i see short term pain for our friend Ivant on the horizon...

 

[Trembling Hand]

Btw, what are you doing home on a Friday night T/H? :

Pathetic isn't it

 

[Mr J]

Btw, what are you doing home on a Friday night T/H? :

I haven't even had dinner yet. In my clubbing days, there wasn't much point arriving before 1am.

 

[Aussiest]

Hahah, i'm over my clubbing days too... What time did you used to arrive home? In the old days, i wouldn't get home till monday morning. Enjoy life so much better now

 

[MRC & Co]

. Although, when prices are that much above the moving average, they usually come down / 'correct' at some stage... But, when?!

Na, price can just pause and let the moving average catch up.