Trading The SPI - NON-Gann Techniques

[acouch]

no offense but what is the point of all the posts you make ac?

probably nothing supermatt,

i just like to spend 15 mins of my time of a morning doing them and posting..

but you are probably right..it is a waste of my time
have a great day, and take care out there.
ac

 

[tech/a]

Placed a longer term short trade on the SPI yesterday.
Explained a little in this post.

https://www.aussiestockforums.com/forums/showthread.php?p=563011&posted=1#post563011

 

[Twiddle]

tech/a.

When I look at your attached chart pic I see either a down trend starting mid april, or an up trend starting mid may.

I am very new to Tech analysis, so I don't really know what to look for with things like Elliot wave, which you appear to be applying here.

How do you determine the starting point for your analysis? Is it subjective to the point that everyone looking at the same chart will arrive at a different conclusion?

 

[amb005]

Best brokerage for trading the SPI

Anyone know who provides the best brokerage rates for the SPI, Im current trading about 8 contracts with over 1500 RTs per month. I have sent this info off to a few brokers, the best that came back was IB (interactive brokers) with around $10 a round turn. Anyone know any brokers who have cheaper?

Cheers,

 

[tech/a]

tech/a.

When I look at your attached chart pic I see either a down trend starting mid april, or an up trend starting mid may.

I am very new to Tech analysis, so I don't really know what to look for with things like Elliot wave, which you appear to be applying here.

How do you determine the starting point for your analysis? Is it subjective to the point that everyone looking at the same chart will arrive at a different conclusion?

Sorry Twiddle just saw your post---will answer when I have a little more time.
Closed my short position yesterday. The XAO thread has my analysis on it.

Anyone know who provides the best brokerage rates for the SPI, Im current trading about 8 contracts with over 1500 RTs per month. I have sent this info off to a few brokers, the best that came back was IB (interactive brokers) with around $10 a round turn. Anyone know any brokers who have cheaper?

Cheers,

IB is the best by far in my view.
Takes a bit to get an account open but once up and running is a great platform.

 

[Frank D]

Re: Best brokerage for trading the SPI

Anyone know who provides the best brokerage rates for the SPI, Im current trading about 8 contracts with over 1500 RTs per month. I have sent this info off to a few brokers, the best that came back was IB (interactive brokers) with around $10 a round turn. Anyone know any brokers who have cheaper?

Cheers,

For those numbers I can get you cheaper at Halifax than IB. (contacted broker for you), you might be able to even haggle lower

They also provide a discount on your SPI margins if you wish.

details private message and person to talk to.

Note:- I have no affiliation with Halifax.

 

[Ned Land]

Re: Best brokerage for trading the SPI

Anyone know who provides the best brokerage rates for the SPI, Im current trading about 8 contracts with over 1500 RTs per month. I have sent this info off to a few brokers, the best that came back was IB (interactive brokers) with around $10 a round turn. Anyone know any brokers who have cheaper?

Cheers,

Hi amb005,

I'd give Aliom and Macquarie a call. I would have thought that you'd be able to get your costs down to around $2.50 to $3 each way (plus exchange fees, GST etc). You may be able to save around $2 or perhaps a little more per RT if you "negotiate". I think Aliom is working hard to build their business. They'd be my first port of call.
Obviously, I'm not taking into account the software you're using. I know Aliom support TT but not CQG. Best of luck with that.
....oh...and I don't work for Aliom. I did the rounds earlier this year. I spoke to Macq, Aliom, IB and MF Global. Aliom and Macq were the most competitive by a reasonable margin.

 

[amb005]

Thanks frank d and ned land, I gave macquarie and aliom a call, macquarie couldnt beat IBs 10 a RT, they offer $15 a round turn. Aliom were a bit all over the place, the prices changing depending who I spoke to, also the fact that there are no prices on the website, meaning nothing in writing, bothers me a bit. Emailed Halifax still awaiting a response, Ill let you know the best rates I find.

Cheers,

 

[supermatt]

any news amb? I am interested to see what the costs are

 

[tech/a]

Anyone actually trading the SPI V Analysing it?
Currently short one contract from 4406
Click to expand

 

[waza1960]

Hi Tech,
I managed to land a professional futures trading job which I start on monday and I will be trading the SPI only10 min chart 10 contracts/trade.
There's hope for us 50 yr olds+ yet .I feel very lucky to get the chance I would work for nothing just for the knowledge.
I 'll let you know how I go after I settle in.

 

[supermatt]

Hi Tech,
I managed to land a professional futures trading job which I start on monday and I will be trading the SPI only10 min chart 10 contracts/trade.
There's hope for us 50 yr olds+ yet .I feel very lucky to get the chance I would work for nothing just for the knowledge.
I 'll let you know how I go after I settle in.

awesome! congratulations, its a job many of us dream about. do keep us posted on how it all goes

 

[tech/a]

Copybook Fib retracement to 61.8% of the last move.
SPI 120 min chart
Waza keep us informed.
Click to expand

 

[ThingyMajiggy]

Copybook Fib retracement to 61.8% of the last move.
SPI 120 min chart
Waza keep us informed.
Click to expand

Wow, do you seriously use all the crap that is on that chart or do you just not know how to turn it off?

 

[tech/a]

Wow, do you seriously use all the crap that is on that chart or do you just not know how to turn it off?

Most of the Crap I use when trading intraday on a 12/20 min chart.
Very little of the Crap I use on longerterm position trades.

A lot of the crap on the chart isnt referenced as its shown for every individual bar.
But there are specific bars where the crap is utilised.
If you know how to read the crap then it is of use, if you cant----- then its just crap.

Youll notice the chart above has the crap expanded and is easier to read for those who can read it.

 

[ThingyMajiggy]

Most of the Crap I use when trading intraday on a 12/20 min chart.
Very little of the Crap I use on longerterm position trades.

A lot of the crap on the chart isnt referenced as its shown for every individual bar.
But there are specific bars where the crap is utilised.
If you know how to read the crap then it is of use, if you cant----- then its just crap.

Youll notice the chart above has the crap expanded and is easier to read for those who can read it.

Fair enough, each to their own. I've used TG and IMO, most of that extra stuff is crap, fancy versions of moving averages basically, the volume, bars and VSA signals are fine, but anyway, if its of use to you, then go for it!

 

[captain black]

Most of the Crap I use when trading intraday on a 12/20 min chart.
Very little of the Crap I use on longerterm position trades.

A lot of the crap on the chart isnt referenced as its shown for every individual bar.
But there are specific bars where the crap is utilised.
If you know how to read the crap then it is of use, if you cant----- then its just crap.

Youll notice the chart above has the crap expanded and is easier to read for those who can read it.

ROFL!

Can I fling some crap around too...... :fan

 

[tech/a]

Sam

Your right I was really only highlighting the Fib.
Should have left off the other crap.

 

[CanOz]

Hi Tech,
I managed to land a professional futures trading job which I start on monday and I will be trading the SPI only10 min chart 10 contracts/trade.
There's hope for us 50 yr olds+ yet .I feel very lucky to get the chance I would work for nothing just for the knowledge.
I 'll let you know how I go after I settle in.

Hey Waza, congrats! That's fantastic news. It would be great if you could relate to your experience's for everyone.

Good luck mate.

CanOz

 

[tech/a]

Closed short for 62 tick gain.