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

[Mr J]

A nice triangle forming on the SPI that may break to the upside

We can't trade by "may" :.

 

[skc]

We can't trade by "may" :.

Actually my entry was triggered half way through me typing that post so it's may but with a entry at the end.

BTW, we are all trading "may's"...If I was trading "will's" then I "will" be billionaire.

EDIT: Not sure if that made any sense but who cares....

 

[ginar]

Still making lower swing highs atm and we are sort of at top of channel thats formed over this last few days . . im favouring selling into the close from here ... tight stops

.. trade well

 

[Trembling Hand]

60 points? You know the average range for the SPI?

Just on that point. 20 day average,

 

[ThingyMajiggy]

Just on that point. 20 day average,

Can you do one of the overnight sessions? So from the close to the following open?

 

[Trembling Hand]

Can you do one of the overnight sessions? So from the close to the following open?

Your wish is my command

 

[Trembling Hand]

Can you do one of the overnight sessions? So from the close to the following open?

Just on that. Here is another little stat from the above chart. Although it includes the biggest meltdown since god knows when.

Up opens 293
Down opens 234

Thats why I luv this stuff. I prefer to know stats like that than what a H & S pattern looks like.

 

[Trembling Hand]

Just on that. Here is another little stat from the above chart. Although it includes the biggest meltdown since god knows when.

Up opens 293
Down opens 234

Thats why I luv this stuff. I prefer to know stats like that than what a H & S pattern looks like.

Yet

Points gained on up Opens = 13940

Points lost on down Opens = -14056

 

[ThingyMajiggy]

Just on that. Here is another little stat from the above chart. Although it includes the biggest meltdown since god knows when.

Up opens 293
Down opens 234

Thats why I luv this stuff. I prefer to know stats like that than what a H & S pattern looks like.

Thats the shiz

What about up/down closes? Might as well keep my slave occupied :

 

[skyQuake]

Yet

Points gained on up Opens = 13940

Points lost on down Opens = -14056

Those are sure some useful stats! The up open and down open never occured to me lol

More food for thought:
Day SPI from Jan 06 (4700s) to Jan10 (4600s)
Sum of intraday moves is -1500 pts
(most of the gains came from night spi!)

TH how far back would you look for you stats data? Would you consider some trading periods less relevant?

 

[ThingyMajiggy]

More food for thought:
Day SPI from Jan 06 (4700s) to Jan10 (4600s)
Sum of intraday moves is -1500 pts
(most of the gains came from night spi!)

Yeah its interesting, thats why I asked TH to bring up the overnight, I've noticed a couple of times recently that most of the moves have come from the overnight session.

I think the same is happening on the ES.

 

[prawn_86]

Great to see such informative posts. Keep up the good work guys

 

[Trembling Hand]

TH how far back would you look for your stats data? Would you consider some trading periods less relevant?

Thats why I like to graph charts that are a moving average over a long period. Then you get an idea of the changing conditions. Lets face it that's why system traders are duds :. They set up for one condition while discretionary traders, I guess the ones that last , are always looking out for and adopting to changes.

More food for thought:
Day SPI from Jan 06 (4700s) to Jan10 (4600s)
Sum of intraday moves is -1500 pts
(most of the gains came from night spi!)

Yeah its interesting, thats why I asked TH to bring up the overnight, I've noticed a couple of times recently that most of the moves have come from the overnight session.

I think the same is happening on the ES.

Thats a classic pattern in most markets, especially in bull moves. I posted about that back in 2007. From 05 to mid 07 the entire bull market was in the overnight gaps, were the sum total of the day gain was 241 points! less than 0.5 points per day!!

http://tremblinghandtrader.typepad.com/trembling_hand_trader/2007/07/spi.html

I love the BS in the gold thread for example where the Gold Bugs call a conspiracy and start crying when they start to notice that their lover gaps up on the open then rolls over. It aint a conspiracy its the way markets move.

 

[ThingyMajiggy]

Thats a classic pattern in most markets, especially in bull moves. I posted about that back in 2007. From 05 to mid 07 the entire bull market was in the overnight gaps, were the sum total of the day gain was 241 points! less than 0.5 points per day!!

http://tremblinghandtrader.typepad.com/trembling_hand_trader/2007/07/spi.html

I love the BS in the gold thread for example where the Gold Bugs call a conspiracy and start crying when they start to notice that their lover gaps up on the open then rolls over. It aint a conspiracy its the way markets move.

Thats a great post on your blog TH, did you do all that data yourself manually entering it? Or did you import that from somewhere?

Would love to do one since the **** hit the fan till the March turnaround and also from March till now.

 

[Trembling Hand]

Thats a great post on your blog TH, did you do all that data yourself manually entering it? Or did you import that from somewhere?

Would love to do one since the **** hit the fan till the March turnaround and also from March till now.

Its pretty easy with some basic Excel & database (MS Access) skills.

Might do it again with data from 07 till now tomorrow. I do have somewhere the same thing for the 08 meltdown and it was losses in both the overnight and day sessions from memory - not that surprising hey? But will be an interesting exercise anyway.

 

[Trembling Hand]

Interestingly China is green today (or actually red because they have the colours opposite to us red is lucky)

while Honkers has risen since the open unlike all the other Asian markets.

 

[Trembling Hand]

see,

 

[ThingyMajiggy]

Interestingly China is green today (or actually red because they have the colours opposite to us red is lucky)

while Honkers has risen since the open unlike all the other Asian markets.

Yeah, wonder if there were those who jumped in short expecting it to drop

 

[Mr J]

Thats a classic pattern in most markets, especially in bull moves. I posted about that back in 2007. From 05 to mid 07 the entire bull market was in the overnight gaps, were the sum total of the day gain was 241 points! less than 0.5 points per day!!

Very interesting figure. Not surprised that the majority of movement was overnight, but at 10:1 - wow!

 

[Trembling Hand]

Very interesting figure. Not surprised that the majority of movement was overnight, but at 10:1 - wow!

Its not surprising. The locals have to make the price so the punters can take the price, what better way than a nice juicy green open - then you all know who's more likely to get the cucumber rumba.