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

[skc]

What happened with the STW? Over 110 tick drop there. Beautiful stuff!

The whole asia just tanked... SPI seems a bit slower, possible good short to be had.

 

[Mr J]

The whole asia just tanked... SPI seems a bit slower, possible good short to be had.

There were 9 entries for me on my chart. Unfortunately I didn't open the STW until half-way though, I forgot there were other markets until TH mentioned it. Kicking myself, though half is better than none.

 

[Mr J]

Just had to post the chart. Nothing but lower lows and lower highs. Excellent pyramiding opportunity, a few hundred ticks worth there (at $10 US per tick per contract). Yes, thousands, even tens of thousands were available.

 

[Trembling Hand]

What happened with the STW? Over 110 tick drop there. Beautiful stuff!

Boring!! Have a look at the HSI 450 ticks in 2 minutes, for F sake

 

[Mr J]

Yes, but the HSI was closed for most of it! I prefer the STW's relatively slow trickle down. More entries, more precise, and just as large a move.

 

[Trembling Hand]

Yes, but the HSI was closed for most of it!

 

[ThingyMajiggy]

Yeah saw that TH, flippin nuts! looks a little more interesting now I'm on the right month

 

[Mr J]

Meaning that at the open it had to play catch up, which equals a very fast large drop. Not nearly as tradable for me as it would be over an hour.

 

[Trembling Hand]

Meaning that at the open it had to play catch up, which equals a very fast large drop. Not nearly as tradable for me as it would be over an hour.

Nah mate it was 21 minutes AFTER it opened.

 

[Mr J]

Was too. I wasn't watching it.

 

[MRC & Co]

I've all but forgotten about the SPI. (actually I think its just a bot taking

lol, agreed.

I don't even look at SPI really anymore.

To answer your question Aussiest, be careful about S&P intraday trading, it is very choppy and then even when it trends, it just goes hard (doesn't pull back well to let you on board) and it isn't unusual for it to then come back and turn the entire trend back on it's head later in the session. That being said, those hours don't problem me, as I now pretty much trade in Euro/US sessions, a tiny bit of EUR/USD but mainly Crude oil.

 

[Mr J]

I don't mind the SPI on a 1-range chart. Anything else and it just doesn't provide many opportunities. ES is awesome really, and if the hours weren't horrible (for me), I'd trade that and that alone.

 

[ThingyMajiggy]

I don't mind the SPI on a 1-range chart. Anything else and it just doesn't provide many opportunities. ES is awesome really, and if the hours weren't horrible (for me), I'd trade that and that alone.

Agreed, I love the ES, opens @ 11 here so its not so bad, can usually catch a move or two in before my eyes start bleeding.

 

[Mr J]

An hour to go before the ES. Chances are I'll be distracted though, and won't make my way back on until midnight, at which point I'll probably say why bother .

That STW drop by the way could have been pyramided over 110 ticks of 9 entries. Say 400 ticks profit overall, enough to achieve an 50%+ return in a single day. Most would love that over a few years .

 

[ThingyMajiggy]

An hour to go before the ES. Chances are I'll be distracted though, and won't make my way back on until midnight, at which point I'll probably say why bother .

That STW drop by the way could have been pyramided over 110 ticks of 9 entries. Say 400 ticks profit overall, enough to achieve an 50%+ return in a single day. Most would love that over a few years .

Yeah, ES has been sailing up nicely.

Yeah could be.....its the actually doing it live thats the hard part for me Gotta love days/opportunities like that though

 

[Mr J]

That would obviously be a perrfect result, getting all entries and holding on. Obviously it's rarely going to be that efficient in real-time, but even a fraction of that is an excellent result. If we can manage to trade it perfectly, that's weeks to months of profit achieved in just an hour. The profit potential of trading is extraordinary. STW as well, so we know it could have been ridden for far larger than the SPI.

 

[Trembling Hand]

LOL!!

Another one of those 400 tick HSI sweeps in an instant. Friggin bracket orders taking 30 when there is 400 on offer

Maybe we should start an Asian futs thread?

 

[ThingyMajiggy]

LOL!!

Another one of those 400 tick HSI sweeps in an instant. Friggin bracket orders taking 30 when there is 400 on offer

Maybe we should start an Asian futs thread?

Haha bummer! Yep I'm up for an asian futs thread.

 

[Mr J]

There is a thread for international indices a few threads below this one. I can also talk about my FTSE gambling there .

 

[ThingyMajiggy]

hey TH....quick question....do you do market orders or limit? noticed before you said about the bracket order...you got this set automatically with booktrader? would have thought it would take too long otherwise to fiddle around with that stuff whilst scalping?