Trading The SPI - NON-Gann Techniques

[Trembling Hand]

How's this for a quote from US Senator Reid on failing to reach agreement on auto bailout plan...

"It's over with. I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight"

As soon as a pollie starts predicting a share movement makes me want top take the other side.

will probably finish green tonight.

 

[skc]

As soon as a pollie starts predicting a share movement makes me want top take the other side.

will probably finish green tonight.

I didn't know that Senate voting was supposed to take the share market into consideration anyway... classic wag the dog.

Random trivia - in Taiwan the stock market uses Green for falling share price and red for rising.

 

[James Austin]

i notice the SFE has crashed this arvo.
i assume there is potential for a significant gap when it recommences

what are the implications for those with big positions but on the wrong side, are they somehow compensated or do they just have to accept it?

thanks
James

 

[MRC & Co]

Yeh, that was some free money.

Funny how it took the markets so long to react after the news.

I hope the algo bots that have been ramping up all week just got an absolute flogging and get turned off!!! They must have been the only idiots buying that fall today!

 

[James Austin]

Yeh, that was some free money.

Funny how it took the markets so long to react after the news.

I hope the algo bots that have been ramping up all week just got an absolute flogging and get turned off!!! They must have been the only idiots buying that fall today!

i'm not sure if u r replying to me MRC, but i mean the SFE computer system crashed as of 5.10pm, ie. all trades halted

 

[MRC & Co]

i'm not sure if u r replying to me MRC, but i mean the SFE computer system crashed as of 5.10pm, ie. all trades halted

lol, sorry, wasn't replying to you. Just a general comment to TH talking about a good day.

Unsure about your question, but I believe you take the losses on the chin! Remember a similar thing happening months back near the open and everybody hitting the panic button!

 

[RobinHood]

Funny how it took the markets so long to react after the news

was going to ask you if you guys all had time to react to the squawk!

I just had a better look at the charts and noticed ES began declining with the vol @ about 14:14 EST. Most asian futures (HSI, STW, SPI, KS) began with the vol @ 14:16 - 14:17.

Curious - was it a good 2-3 minutes of time to react after the announcement? (I don't have access to news timestamps).

That is the advantage of a human. bots can't figure out new relationships forming/changing real-time, and if they can they wouldn't be good enough to make directional bets on it.


cheers

 

[RobinHood]

the SFE system failing at 5:10PM..
that would only affect whoever trades after hours anyway.

btw who is predominantly responsible for trading in after-hours sessions, bots?

 

[Trembling Hand]

As soon as a pollie starts predicting a share movement makes me want top take the other side.

will probably finish green tonight.

Well i gotta float my own boat!!

 

[prawn_86]

Well i gotta float my own boat!!

LOL TH i was just about to find that post and say well done

 

[skc]

Well i gotta float my own boat!!

Got to give you to you... you have been in the market way too long!!

Now where's that emoticon of :bowing.

 

[acouch]

Afternoon all,
Monday's road map,
have a great weekend and take care
ac

 

[MRC & Co]

Yeh, PLENTY of time to react Robin.

Squawk went off about it AGES before S&P even started tanking. Which made me wonder at first how legit it was, but then it became pretty obvious once the volume came in. Got my full clip off finally! Short and leveraged to the hilt on some of that move!

 

[julius]

What's this squawk box business everyones talking about ?

 

[MRC & Co]

What's this squawk box business everyones talking about ?

lol, it's just a guy who sits in a room full of screens all day and reads out the news as soon as it comes up. Which is transmitted to the trading floor via speakers.

 

[acouch]

morning all
today's road map
have a great day, and good trades
ac

 

[Naked shorts]

What's this squawk box business everyones talking about ?

lol, it's just a guy who sits in a room full of screens all day and reads out the news as soon as it comes up. Which is transmitted to the trading floor via speakers.

There is a website that offers this service to private traders
http://www.tradethenews.com/

 

[acouch]

good morning all
today's road map
March 2009 contract
have a good day, and great trades
ac

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

good morning all,
today's road map, this will be the last one for this year,
i wish all traders a Happy Christmas, and a very
Safe and Happy New Year
ac