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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Painfully, sllooooowwwwwwww, to the point, it's pointless to scalp IMO.
Yaaaaaawwwwwwwnnnnnnnnnnnn.
Yaaaaaawwwwwwwnnnnnnnnnnnn.
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CanOz
Home runs feel good, but base hits pay bills!
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That was quite a day today, looked like steady buying all day, you SPI traders must have made a bucket load!
CanOz
CanOz
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I hope you didn't actually fall asleep soon after your post MRC & Co:
LOL, yes, very funny timing.
Someone upstairs must have heard me!
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Hey all,
at what time on Monday morning do you know the opening price for the spi?
In my historical data, I use the overnight session to gauge the open and plan out the days trading but can never do this for Monday morning because I don't have the data. Just wondering how this works in the real market?
Cheers,
Jules.
at what time on Monday morning do you know the opening price for the spi?
In my historical data, I use the overnight session to gauge the open and plan out the days trading but can never do this for Monday morning because I don't have the data. Just wondering how this works in the real market?
Cheers,
Jules.
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9:50 like every morning. However closing price is fri nite (and is illiquid so there may not be a proper close), and a LOT can occur on the weekend which will affect the SPI open.
Personally i'd like to look at the ADRs and the US futs to gauge where its gonna open.
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Hey Jules, l also use ADRS as well as Sycom close to get an estimate
but never really know an exact figure as preopen action seems to impact
on the actual opening price.
Cheers
Freddo
PS Having some fun scalping the FTSE at the moment
Thanks skyQuake and Freddo.
I hadn't heard the term ADR before but did a quick search. Is that an American depository receipt and does that just mean looking at where stocks like BHP and ANZ closed in the US on Friday?
Thanks,
Jules.
Freddo, what do you mean by pre-open here? The ten minutes on the spi before the asx market opens? And when you say the Sycom close, do you mean the closing price from 4:30pm the previous Friday?
I hadn't heard the term ADR before but did a quick search. Is that an American depository receipt and does that just mean looking at where stocks like BHP and ANZ closed in the US on Friday?
Thanks,
Jules.
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Jules
By Sycom close I mean the close of the night session .
Pre-open have a read of this
https://www.aussiestockforums.com/forums/showthread.php?t=12567
it will give you a bit more info and I think TH has a chart in there
RE: ADRS yes thats right but I look at them every morning www.brokerone.com.au has a free reports section.
I have a spreadsheet to calculate the impact the ADR movement
This is all just to give me an idea of the day should do however reality is
I remind myself it doesn't matter where I think the open is.
I am pretty much hoping the day will gap because I seem to trade gaps well
If it gaps with the trend then at open if it does this I will do that
If it gaps against the trend then at open if it does this I will do that
One of the hardest things I found was to stop trying to be a forecaster and just be a trader.
Regards
Freddo
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Interesting little play on Fridays session.
Bearing in mind we just had a contract roll (lots of people doing a lot of business that needed to be done), the Nikkei was shut and we opened within the previous days range, came off and chopped around on very very low volume, I assumed this HAD to be an inside day.
We came to the low of the prevoius day and on the tick, was a some big size, around 100 contracts, with another 70-80 behind that (probably real as most on the bid that day was, except the 100 lot that pulled earlier in the day). GREAT place to go long with some decent size with a 1-2 tick stop, considering the aforementioned circumstances.
Bearing in mind we just had a contract roll (lots of people doing a lot of business that needed to be done), the Nikkei was shut and we opened within the previous days range, came off and chopped around on very very low volume, I assumed this HAD to be an inside day.
We came to the low of the prevoius day and on the tick, was a some big size, around 100 contracts, with another 70-80 behind that (probably real as most on the bid that day was, except the 100 lot that pulled earlier in the day). GREAT place to go long with some decent size with a 1-2 tick stop, considering the aforementioned circumstances.
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Good morning all
Monday's road map
have a great weekend and take care
ac
Gday m8 ...... i have been looking at these "road maps " on this thread for a while now and please forgive my lack of understanding but what exactly are they ? are they the expected ranges ? are the shaded areas expected p[oints that will be hit/bounce off etc etc . not here dissing it just mainly trying to get a grasp on what these chart type pics signify as am intrested in knowing what im looking at when i view them
thanks and sorry if my question a bit naieve but wondering for a lil while and not gunna find out unless i ask
basically just want a pointer towards reading it
cheers
Thanks Freddo, and for the MF reports link. I use the open price just to project what the extremes of the day might be based on atr so I can then do my if this else etc. After that, my strategy is then to trade exactly in the opposite direction of whatever I feel is right.
Nunthewiser, ac's charts use median lines also known as Andrews Pitchfork. http://www.medianline.com/
Ac, you should just add that link as your signature.
Nunthewiser, ac's charts use median lines also known as Andrews Pitchfork. http://www.medianline.com/
Ac, you should just add that link as your signature.
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Nunthewiser, ac's charts use median lines also known as Andrews Pitchfork. http://www.medianline.com/
Ac, you should just add that link as your signature.
ahha now viewed in that context on the chart , i have seen that analysis before ..in fact here on asf also
a lot clearer now .
cheers
