Trading The SPI - NON-Gann Techniques

[James Austin]

that was a bit odd
the spi shot up 200 pnts in the very last min of trading,
any ideas?

 

[Broadway]

that was a bit odd
the spi shot up 200 pnts in the very last min of trading,
any ideas?

yep saw that, 3550 to 3775 in a minute.

Just stops getting hit, or news?

 

[Trembling Hand]

that was a bit odd
the spi shot up 200 pnts in the very last min of trading,
any ideas?

Just a thin market sweep. A very nasty one at that.

 

[MRC & Co]

Just a thin market sweep. A very nasty one at that.

Damn, was it just a sweep, or any way of getting on it?

Not trading SPI today, but 4:29 is usually a good time for some size to come in, though if it was just a sweep, I may be glad I missed it!

 

[Rockon2]

Sure was wierd....

Something in the wind ??

 

[Trembling Hand]

Sure was wierd....

Something in the wind ??

Nah nothing weird about it.

Damn, was it just a sweep, or any way of getting on it?

Not trading SPI today, but 4:29 is usually a good time for some size to come in, though if it was just a sweep, I may be glad I missed it!

Fark me I was scalping flicks long all the way up. then went short at 3558 @ 4:28 got stopped out about 15 sec before that ball buster. Had I had a bigger stop that would of been me.

Just goes to show you need to know the instrument. That last 40 -30 seconds can be completely nutz. So was thinking a sweep down was on the cards but half an eye on that high.

That was my last trade for the year. Would of been a fitting end to a great year. Being swept to buggery

 

[Rockon2]

Nah nothing weird about it.



Fark me I was scalping flicks long all the way up. then when short at 3558 @ 4:28 got stopped out about 15 sec before that ball buster. Had I had a bigger stop that would of been me.

Just goes to show you need to know the instrument. That last 40 -30 seconds can be completely nutz. So was thinking a sweep down was on the cards but half an eye on that high.

That was my last trade for the year. Would of been a fitting end to a great year. Being swept to buggery

Ball Buster all Right !!!


Missed teh best 1 today imo,,, turned my back to make lunch, and she had moved.. ,, and no point in chasing it,, ar well

 

[MRC & Co]

Fark me I was scalping flicks long all the way up. then went short at 3558 @ 4:28 got stopped out about 15 sec before that ball buster. Had I had a bigger stop that would of been me.

Just goes to show you need to know the instrument. That last 40 -30 seconds can be completely nutz. So was thinking a sweep down was on the cards but half an eye on that high.

That was my last trade for the year. Would of been a fitting end to a great year. Being swept to buggery

ha ha, lucky ey! I reckon I would have been doing the same, trying to fade that last couple minutes after the rally into the close!

Enjoy the holidays! I thought my last trade was last Friday, but just put one on AUD and gold. ha ha ha.

 

[Bronte]

Fark me I was scalping flicks long all the way up. then went short at 3558 @ 4:28 got stopped out about 15 sec before that ball buster. Had I had a bigger stop that would of been me.

Just goes to show you need to know the instrument. That last 40 -30 seconds can be completely nutz. So was thinking a sweep down was on the cards but half an eye on that high.

That was my last trade for the year. Would of been a fitting end to a great year. Being swept to buggery

I also went short at 3558 @ 4:27:00

As soon as this level was broken 3560 decided to get out at 3556 @ 4:28:06
Phew! lucky escape....Christmas pressies for some :santa::chimney

 

[Trembling Hand]

I also went short at 3558 @ 4:27:00

As soon as this level was broken 3560 decided to get out at 3556 @ 4:28:06
Phew! lucky escape....Christmas pressies for some :santa::chimney

Yes indeed a few busted up punters on that one ::

ha ha, lucky ey!

Yep!!

Enjoy the holidays! I thought my last trade was last Friday, but just put one on AUD and gold. ha ha ha.

Yeah I haven't done much today but that's it for the year.

Off to Tassie tomorrow to be dropped off in the south west corner by plane. Really looking forward to no computer. 8 Days and 150 Km to walk out & not likely to be trading on the sat phone

 

[MRC & Co]

.
& not likely to be trading on the sat phone

LOL!

Sounds interesting though, just watched the doco on Ivan Milat, so I think I would be a bit spooked in the wilderness at the moment, then again I wouldn't survive 8 days there by myself even without a serial killer! :

 

[Trembling Hand]

then again I wouldn't survive 8 days there by myself even without a serial killer! :

What do you mean. Thats how you make a serial killer. Send them into the bush for 8 days.

 

[nuking]

it has been down all day so i guess may be some short coverings happens. went long at 3495.Target reached 50 ticks
should let it runs

 

[MRC & Co]

What do you mean. Thats how you make a serial killer. Send them into the bush for 8 days.

ha ha, I'll remember that next time you come to Sydney!

 

[franky87]

It was a nasty surprise for me, I watched it as it happen cus I shorted a few mini-s without stops (i think i had a momentarily heart attack lol), 202pts surge in 24 seconds. Rang up my trusty advisors just as it happens and I can hear they were all scrambling on the otherside of the phone haha.

The rumour of this crazy rally was because it was the last chance for the institutions to invest before year ends. I believe the rally has got something more to do with all of the institutions' bonuses or at least make the fund's return look better. This shows how our market can be easily manipulated by the institutions in a short period of timeframe.

Amazingly, anyone at IG Markets that went long before the rally and exited at the top of the rally or shorted before the rally and got stopped out had all the positions rollbacked. What do you guys think of this roll back thing, is it justifiable?

Oh! and I end up nearly breaking even and learned that no matter how quiet the market is, I should have set a stop loss so i could breath easy next time and I don't think I will be second time lucky like this.

 

[Trembling Hand]

The rumour of this crazy rally was because it was the last chance for the institutions to invest before year ends. I believe the rally has got something more to do with all of the institutions' bonuses or at least make the fund's return look better. This shows how our market can be easily manipulated by the institutions in a short period of timeframe.

Nah mate thats Rubbish!! That was after cash close. Has no effect on any stock funds.

 

[franky87]

Nah mate thats Rubbish!! That was after cash close. Has no effect on any stock funds.

That's true, I forgot about that fund's performance figure is only accounted for during 10am to 4pm trading period. Good to see you picked up my mistake quickly

 

[jersey10]

Just a thin market sweep. A very nasty one at that.

what is a market sweep? if this was a thin market sweep what is a thick market sweep? what caused it? how often does it happen?

 

[MRC & Co]

what is a market sweep? if this was a thin market sweep what is a thick market sweep? what caused it? how often does it happen?

Just means someone is buying at market. It smashes through all the price levels in a thin market quicker because there is not as much volume at each price level to get through.

Can happen in a thick market also, but much more unlikely.

 

[Rockon2]

just looking at the FTSE,, didnt it jump at the same time ?