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Trading The SPI - NON-Gann Techniques

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It was up 300pts in the first minute at 9.50am.
I just wondering what was happening? short covering?
 
nuking said:
They did quoted at that level but you got to be quick
Click to expand...

Yeh sucks when you got out near the top, and found out 20min later you actually still have your long and now you're offside.
Or even if you pyramided more at 3700s or even 3800s got out above 3900, and at 3630s the SFE tells u ur ****s been cancelled...
 
I wasnt trading today but did have look at 1 min charts on IB just know and , WTF ?????, looks like it spiked off the open a few hundred points

Anyone know why or what happened, spreads were big as well, never have traded between Christmas and new year and just as well, this sort of action freaks you out even if you are the right side of it.
 
What is the reason to cancel all trades above 3900 today?
Is ASX/SFE just pick the number? Or is that some kind of daily range limit?

I exited some of my long positions above that and got cancelled!
 
The high on the SFE site is 3898 so looks like any trade above that was cancelled as IB shows trades up to and around 4000 before a plunge back down, not many contracts traded during the mad minute but someone will be hurting and someone thanking there lucky stars i would imagine.

At 3898 thats still 271 or $6775 above the open

May have been a computer error i would imagine if they are canceling trades.
 

Actually plenty of contracts traded in that mad minute >750.
The thing is, a lot of the volume is hidden: If you bought on the way up, and then sold above 3900s, you would still be long 20min later after prices fell to 3600s after finding your 3900s trades cancelled. Alternately, if you were smart/quick/lucky enough to short near the highs, and covered at say 3800s for a nice 200tick gain, 20 minutes later you find yourself actually long at 3800s and 200ticks in the red...
SFE is a complete joke.
 
I never trade over Christmas and new year and just as well, think i would have been short around the open had i traded so could have been very expensive, the past 6 months the spi has been worse than the Hang Seng for slippage on occasion and i guess there will be many licking there wounds tonight.
 
morning all
todays road map
have a great day
ac
 

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Thank you acouch
Let's hope it is a good year.
SPI 2009 >>>>>
 
morning all,
Monday's road map
have a great weekend and take care
ac
 

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good morning all
todays road map
have a great day and good trades
ac
 

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just to show you how the road map went today at eod..but it is a 24 hr chart dont forget..
you can see how the LIS was in control with price 3713 was great support once crossed in the morning..
ac
 

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good morning all
todays road map,
have a great day, and good trades
ac
 

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

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  • spiml567.png
    47.8 KB · Views: 34
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