Bronte
Trading The SPI for 20+ years
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Spoke with Hong Kong twice and Sydney once earlier this morning.
They are working on it.........
They are working on it.........
Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Seems to be up and running again now.
Did you have stops in, Bronte? Although I guess, good chance they wouldn't have worked with IB down.
Did you have stops in, Bronte? Although I guess, good chance they wouldn't have worked with IB down.
Bronte
Trading The SPI for 20+ years
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The exchange did not receive our stops Margaret.We are short multi contracts on IB @ 3723 / 32
IB can not tell us if any of our stoplosses have been triggered
So we can not hedge our positions as yet.....Tricom seems ok.
Now 3760&
Out at 3755 Ouch!
Trembling Hand
Can be found on the bid
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Trembling Hand
Can be found on the bid
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Thanks, Bronte. That's a question that has been asked and no-one has known the answer so far. Obviously having a second broker so one can hedge in times like these might help.
Yeah, that would've hurt today. I'm sure you will make it back
I wasn't in a trade - still trying to find my niche with the SPI. Following along with Frank at the moment. He had a bias to the short side this morning, but a few of my indicators were in conflict, so I stayed out..
Trembling Hand
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Thanks, Bronte. That's a question that has been asked and no-one has known the answer so far. Obviously having a second broker so one can hedge in times like these might help.
Yeah, that would've hurt today. I'm sure you will make it back
I wasn't in a trade - still trying to find my niche with the SPI. Following along with Frank at the moment. He had a bias to the short side this morning, but a few of my indicators were in conflict, so I stayed out..
Sails I don't think SNFE actually accepts stops at their end. I think they are stored on the brokers end.
I some times end up having reversed positions when I try to close an open order 1 tick before my stop. What happens is I'm long for example and have an "@ market" stop @ 3700 as it gets to 3701 bid I hit it with a sell to close limit on 3701 which closes me out but a fraction of a second someone hits 3700 and sometimes my stop is triggers opening a position short because the OCO order has triggered to close stop!!
happens once in a blue moon but it happens for sure.
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is there a finite number of contracts available for trade on the SPI?
if yes, how many are there.
if no, whats to stop people just creating more and more contracts?
ps. i know this is a stupid question
if yes, how many are there.
if no, whats to stop people just creating more and more contracts?
ps. i know this is a stupid question
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is there a finite number of contracts available for trade on the SPI?
if yes, how many are there.
if no, whats to stop people just creating more and more contracts?
ps. i know this is a stupid question
you know the saying, the only stupid question is the question you don't ask.
i have asked numerous questions that i presume many people would think are stupid but it is the only way you learn - swallow your pride and look stupid, in the long run you will be the one who benefits.
ps. no idea the answer to your question.
Trembling Hand
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No in futures all trades are essentially naked.
All you need to do is find a counter party and you can go nuts.
Futs exchanges have position limits but they are in the many many 1000s and in fact the SNFE has no limit on the SPI.
Don't think its of any concern, that rule, to punters.
Currently there is 308,000 contracts open on the SPI.
All you need to do is find a counter party and you can go nuts.
Futs exchanges have position limits but they are in the many many 1000s and in fact the SNFE has no limit on the SPI.
Don't think its of any concern, that rule, to punters.
Currently there is 308,000 contracts open on the SPI.
I'll take them
Oh they weren't mine, I was tossing up whether to go do some shopping or stay and hope for a good retracement. Went shopping as the offers were a bit thin.
I was hoping that the bot you guys were speaking off suffered a temporary setback
.
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I thought that stops were sent to the market - looks like I am wrong and only become market orders when price is hit. So, on that basis, a back up broker would be useful to hedge if IB loses connection as it did today.
I have done heaps of demo trading on the SPI and just quickly drag the stop order up to the level of the bid and so avoids the risk of reversal.
You can have them back now
Knew I shouldn't have gone to the shops, missed out on 35-40 points
.SPI Weekly and 5-day pattern
Very cheeky on the SPI today, early morning set-up played out with the
push down from the 5-day 50% level @ 3724 into 3706 resulting in
price below 3711-13.
My entire view was based on this level (3713) to continue down into the
5-day lows, as part of the reversal pattern towards the MAY 50%
level.
Take partial exits @ 3707 + 14 and hold down....
Instead price moved up in the morning taking out my trailing stops
above 3713 and continued back towards the highs.
no positions open during the black out.
My morining set-up below 3713 didn't play out until late in the trading
day, with the HOOK and closure below 3711-13 and rejection pattern
down.
Very cheeky.....
Expectation remains down towards the MAY 50% level.
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Indeed.
That was one rollercoast of a day.
Get it right, it's payday. Next trade, get it wrong, get obliterated. No pullbacks, no ebbs and flows, just one way action most of the day, similar to yesterday, just in the opposite directions.
Stress test news was ok, but god they caused some trouble trying to push it down, Deusche news probably best trade of the day. Then cash closes and WTF, some guy wants 10000000000000000000000000000000 sell fills all at once!
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Indeed.
That was one rollercoast of a day.
Get it right, it's payday. Next trade, get it wrong, get obliterated. No pullbacks, no ebbs and flows, just one way action most of the day, similar to yesterday, just in the opposite directions.
Stress test news was ok, but god they caused some trouble trying to push it down, Deusche news probably best trade of the day. Then cash closes and WTF, some guy wants 10000000000000000000000000000000 sell fills all at once!
hasn't it been doing that a lot lately. moving up sharply in the morning, making a double or triple top type thing and then selling off strong for the rest of the day?
