Trading The SPI - NON-Gann Techniques

[MRC & Co]

I couldn't scalp with it today!!

Had some good position longs today which saved me..... just.

Yeh, it was a SH*TTTT day! The spoofing was on another level all-together! Was actually really farking annoying me today!

Luckily, I've been having a merry old time on the closes lately (seems I'm starting to work them out a bit), so saved my azz today!

 

[acouch]

good morning all
Monday's road map..
not much difference to Friday's..maybe 1 tic here or there
have a great weekend and take care
ac

 

[acouch]

today's road map updated.
ac

 

[acouch]

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

 

[acouch]

updated road map
ac

 

[acouch]

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

yesterdays worked ok..for those that follow..
1 tic of lod..3 tics of high

 

[Joolean]

Hey all,

I have my simulation trading setup in Amibroker using historical tick but at the moment when I make a market order, it fills me at whatever price was last traded which is not realistic.
I'm noticing I'm taking a lot of 6 point trades out of say 10-13 point ranges and I'm sure this is overly optimistic.

If the last price traded was say 3000 and I hit buy at market, what should I be filling that at? 3002, 3003 or even worse?
If I set a limit buy @ 3000 and that becomes the low of the current range, should I assume I didn't get filled? Perhaps only fill it @ 3000 if price drops at least another 2 points?

Just trying to make my sim a bit more realistic. I'm overtrading these small ranges and I'm sure I'll stop doing that once I factor in some spread.

Cheers,
Julian.

 

[acouch]

today's updated road map
ac

 

[Trembling Hand]

Just trying to make my sim a bit more realistic. I'm overtrading these small ranges and I'm sure I'll stop doing that once I factor in some spread.

Cheers,
Julian.

I would use NT replay sim. You can record the Depth and get the real thing with much more realistic fills ie buys will fill at offers and sells at bids. Even then Sim trading you still have to be careful cause the fills are nowhere near 100% true but last trade is way off what you would get in the market.

 

[Joolean]

Thanks th, but I don't have an IB account yet hence using historical tick data. Last fill is obviously not good but I can add a certain amount of spread to that. Just wondering on average what I should use?

Cheers,
Julian.

 

[Trembling Hand]

Thanks th, but I don't have an IB account yet hence using historical tick data. Last fill is obviously not good but I can add a certain amount of spread to that. Just wondering on average what I should use?

Cheers,
Julian.

Yeah hard to say. Some times its as tight as 1 tick but it can jump out to 4 or more. Obviously the wilder the move the bigger the slippage but I guess its a tick 70 % of the time.

 

[Joolean]

Thanks th. I'd assumed it would be wider than that but I'll use 2 for safe measure.

Sim will never match the real thing anyway but I'd be eaten alive if I tried learning in the market.

 

[acouch]

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

 

[acouch]

updated road map chart

don't forget ..gap fill at 3191..sitting there waiting for
a couple of days..so keep a beady eye on it..
ac

 

[acouch]

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

 

[acouch]

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

 

[sails]

I am only getting one level of market depth in IB book trader for March SPI. Is anyone else having this problem?

June SPI has the five levels, but the bid/ask spread is wider so not keen on that idea either.

 

[sails]

I am only getting one level of market depth in IB book trader for March SPI. Is anyone else having this problem?

June SPI has the five levels, but the bid/ask spread is wider so not keen on that idea either.

Never mind - closed book trader down and reloaded. All working again now.

 

[Trembling Hand]

Sails If you have it open before the market starts trading it seems to do that. but you have figured that out now

 

[sails]

Sails If you have it open before the market starts trading it seems to do that. but you have figured that out now

Thanks TH. I did have it open before the market opened.

LOL, was planning to go live today but got spooked without enough DOM