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

[ivant]

Hahaha that video was hilarious!!! Hahahahaha. Brilliant find! Notice the name of the bear...

We will find out if the bears have anything by the end of the week. I think the stress test and the unemployment numbers are the ones that have people on the edge of their seats. We will see what happens tonight and on Thursday.

 

[Aussiest]

Most likely Depends on how much panic will be created if and when it hits there. Seems to me there is a wedge, with some support at 3700, at least that explains the previous few pullbacks. After I'd wait for the indicators to get back from oversold conditions, which at 3700 they will be.

So, you're changing your strategy? I thought you were adamant that the SPI would retrace back to 3300?

 

[ivant]

So, you're changing your strategy? I thought you were adamant that the SPI would retrace back to 3300?

Not yet! I am still rather confident that the market will retrace to 3300 and a 750-80 equivalent on the S&P. The question is how serious will a move be to the downside when it starts, and when it starts. If the market chooses to retest the highs, then I can get a better fill

 

[Aussiest]

Then out comes Bank of America news that it will need an extra 25 billion in equity, which came out at the same time as our retail sales which drove us up for a few minutes (better than expected, no wonder after Rudds handouts).

If you don't mind me asking, how did you find out the news so fast? I sometimes browse Bloomberg, but i didn't think it reported so fast

 

[ivant]

If you don't mind me asking, how did you find out the news so fast? I sometimes browse Bloomberg, but i didn't think it reported so fast

You can get several sources. Reuters have a live feed with a lot of futures brokers. ransquawk is good at night. There are some other live feed providers out there Mirc has some good tools

 

[ivant]

Oh + Trade the news squawk is good too

 

[MRC & Co]

Yeh, basically any live news-feed, you have to pay for it I believe, but Bloomberg, Reuters or Squawk all provide it.

 

[Aussiest]

You can get several sources. Reuters have a live feed with a lot of futures brokers. ransquawk is good at night. There are some other live feed providers out there Mirc has some good tools

Thanks Ivan!

With a 'live feed', does that mean i have to subscribe? Or, does that mean it comes through really fast?

I'm not sure what live feed means?

(slightly embarrassed about that, lol). I'll have a look at them tonight.

 

[Aussiest]

Yeh, basically any live news-feed, you have to pay for it I believe, but Bloomberg, Reuters or Squawk all provide it.

Ah, cool... Thanks Mrc. Will have a look tonight

 

[Trembling Hand]

But you don't really need it.

I got a live DWJ & Reuters up but didn't even bother looking at what it was when every thing started to go nuts. just a waste of time,

.......................just trade.

 

[ivant]

But you don't really need it.

I got a live DWJ & Reuters up but didn't even bother looking at what it was when every thing started to go nuts. just a waste of time,

.......................just trade.

Yes! Unless you are a trade off the news type trader, in which case it probably is a different story. But if you are a technical trader, its good to just be in the loop on things. You need the news to paint the overall picture, and try leave as many blanks out as possible I am obviously not very art nouveau when it comes to analysing the economy.

P.S. a live feed is just a bar with all the latest news coming out on the spot

 

[Aussiest]

Yes! Unless you are a trade off the news type trader, in which case it probably is a different story. But if you are a technical trader, its good to just be in the loop on things. You need the news to paint the overall picture, and try leave as many blanks out as possible I am obviously not very art nouveau when it comes to analysing the economy.

P.S. a live feed is just a bar with all the latest news coming out on the spot

Oh cool, thanks m8

Sounds good

 

[AzzaB80]

Speaking of news US non-farm unemployment figues out. 150k below forcast, US futures just sky rocketed

 

[ivant]

Speaking of news US non-farm unemployment figues out. 150k below forcast, US futures just sky rocketed

That was the ADP report. its never accurate. It always used to be worse than reality, then a few months ago they changed their system and now its always better than reality. the number will be on friday. But futures did go up a lot. Interesting to see how they behave in an hour...

 

[skc]

I'm not sure what live feed means?

(slightly embarrassed about that, lol). I'll have a look at them tonight.

Live feed is when you go to Australia zoo and they feed live chickens to the crocs...

It's not easy trading the news. I did some tests (not very comprehensive...) some time ago on price reactions after news. Usually the prices will take off in the first few minutes, but a lot of that will be retraced soon. Then the market find its head and go towards the "correct" direction. Some times the first few ticks may actually get it wrong.

You used to be able to place guaranteed stops with IG markets with much tighter stops. They were good limited-risk bets for news times. But I think the stops are much wider now so probably not much use.

 

[cutz]

I got a live DWJ & Reuters up

Hi Guys,

Sorry i mentioned this on the IB thread but i thought i'll also place it here.

Question for you guys that have Reuters via IB, it seems the only way to configure it on TWS is by adding a column in the order management window or adding a news page? , i did this last night but it was also streaming all this other stuff from yahoo, the street ect. which cluttered things up, i tried turning the other stuff off but no success.

How do you guys have Reuters set up.

 

[Trembling Hand]

Cutz that feed from IB is rubbish. well it was the last time I looked at it. Will only give you a RSS feed to stuff you have in your TWS.

not much good for general trading news.

 

[cutz]

Thanks TH, it wasn't quite what i expected, you're obviously subcribed to a dedicated website being fed with live news?

 

[Trembling Hand]

Thanks TH, it wasn't quite what i expected, you're obviously subcribed to a dedicated website being fed with live news?

Yeah trying out a new data provider. Bit expensive, especially if you are too busy trading to look at it :

 

[Uncle Festivus]

Yeah trying out a new data provider. Bit expensive, especially if you are too busy trading to look at it :

And....who might that be, if I may politely ask? I have been looking for a dynamic news provider for a while. Although Marketwatch does a good job of free US news.