Trading The SPI - NON-Gann Techniques

[professor_frink]

Afternoon folks

Pretty impressive selloff today.

Currently trialling Sierra chart- quite impressed with it
Not 100% sure if Amibroker is going to be relegated to EOD only just yet- will have to wait and see if I can get Sierra to do exactly what I want it to.
3 tick range chart of today's action-

 

[>Apocalypto<]

Afternoon folks

Pretty impressive selloff today.

Currently trialling Sierra chart- quite impressed with it
Not 100% sure if Amibroker is going to be relegated to EOD only just yet- will have to wait and see if I can get Sierra to do exactly what I want it to.
3 tick range chart of today's action-

Frink chart looks good.

nearly indentical to the IG XJO chart so not much diff in the to SPI and IGXJO.

Amibroker going to EOD that sucks on all futures as well? I am still looking at buying amibroker. or do u suggest quote tracker or sierra?

 

[professor_frink]

Frink chart looks good.

nearly indentical to the IG XJO chart so not much diff in the to SPI and IGXJO.

Amibroker going to EOD that sucks on all futures as well? I am still looking at buying amibroker. or do u suggest quote tracker or sierra?

I've got an intraday database for futures + an EOD one for stocks. If I make the switch to Sierra, I'll probably just use Ami for EOD stocks.

It's not so much that I'd suggest QT or Sierra over Amibroker- it all depends on what you want to do, and which datafeed you are using them with.

 

[Edwood]

afternoon chaps - charts look good

took profits earlier but back in - it seems quite happy going down today

 

[>Apocalypto<]

I've got an intraday database for futures + an EOD one for stocks. If I make the switch to Sierra, I'll probably just use Ami for EOD stocks.

It's not so much that I'd suggest QT or Sierra over Amibroker- it all depends on what you want to do, and which datafeed you are using them with.

Cheers Frink

 

[Edwood]

nice little impulsive move up - must be a 3 or C

 

[Edwood]

any shorts must be getting a good squeeze now!

 

[Broadway]

Yep, interesting last couple of days. Ive been paper trading on the sfe trading game site, but unfortunatley the site seemed buggy today. Still getting my IB application together. Ill have a look at quotetracker as well for charting, over the next week.

I got a couple of learner's questions -

1. Im having trouble finding the exact date and time we are not meant to be holding contracts to avoid a cash settlement on the SPI. Is expiry a quarterly event (HMUZ, march, june etc) or is expiry a monthly thing?

2. Wanted to continue paper trading something similar to the SPI after 1630. The SPI tends to get thin after this time. Does anyone know the closest type futures for the UK and USA? Something that behaves smoothly like the SPI, and has a common underlying index that is also easily watched.

Cheers for the help, hope to catch some of you guys in chat soon.

 

[professor_frink]

Yep, interesting last couple of days. Ive been paper trading on the sfe trading game site, but unfortunatley the site seemed buggy today. Still getting my IB application together. Ill have a look at quotetracker as well for charting, over the next week.

I got a couple of learner's questions -

1. Im having trouble finding the exact date and time we are not meant to be holding contracts to avoid a cash settlement on the SPI. Is expiry a quarterly event (HMUZ, march, june etc) or is expiry a monthly thing?

2. Wanted to continue paper trading something similar to the SPI after 1630. The SPI tends to get thin after this time. Does anyone know the closest type futures for the UK and USA? Something that behaves smoothly like the SPI, and has a common underlying index that is also easily watched.

Cheers for the help, hope to catch some of you guys in chat soon.

1.- expiry is quaterly. Current contract expires in June(21st I think is expiry day)- your best bet is to watch the volume in the final few days- you'll be able to see when most people switch into the new contract.

2.- Europe opens early evening Eastern Aus time, so if you like your sleep, it could be better than the U.S. Estoxx50 is meant to be good to trade, as is the Dax. From what I've heard, the Dax can be pretty frisky intraday

What else is good fun in Europe Ed?

 

[professor_frink]

Yep, interesting last couple of days. Ive been paper trading on the sfe trading game site, but unfortunatley the site seemed buggy today. Still getting my IB application together. Ill have a look at quotetracker as well for charting, over the next week.

I got a couple of learner's questions -

1. Im having trouble finding the exact date and time we are not meant to be holding contracts to avoid a cash settlement on the SPI. Is expiry a quarterly event (HMUZ, march, june etc) or is expiry a monthly thing?

2. Wanted to continue paper trading something similar to the SPI after 1630. The SPI tends to get thin after this time. Does anyone know the closest type futures for the UK and USA? Something that behaves smoothly like the SPI, and has a common underlying index that is also easily watched.

Cheers for the help, hope to catch some of you guys in chat soon.

Couple of other options for charting with the IB feed-

Sierra chart-(I'm trialling it now- good, but still undecided if I'm going to use it)

Amibroker- I've used it quite alot. Lots of good things.

Ensign- Next on the trial list after I'm done Trialling Sierra. More expensive than Sierra/Quotetracker/Amibroker- but it looks like you can do some pretty cool things with it

Quotetracker is by far the cheapest of them all, but I actually find myself using it more than Amibroker presently, as it can do quite a few things with the IB feed that Amibroker can't(tick,range,renko charts, I can plot daily pivots based on RTH on a 24 hour chart, and a couple of other minor things that make trading that little bit more pleasant). It's major drawback is you can't store much data in it- If you want to say, swing trade off a 4hour chart, it would pretty well impossible to do it with QT.

Hope this helps

 

[Broadway]

thx frink, great info.

 

[professor_frink]

thx frink, great info.

no worries Broadway

Be sure to drop into the thread when you are up and running and let us know how you get on with it all

 

[Edwood]

hey Prof & Broadway

Ibiza is fun but a bit of a hike from here

yep Dax is good Prof, as is the SMI. haven't looked at the eStox. Was planning to cover FTSE when I moved out here but its a choppy bugger, the one redeeming feature is the opening gaps.

agree re: US hours - a killer - I occasionally cover the Dow but its hard work. am considering following your lead Prof & looking at Hang Seng but haven't got the time at the moment. you have to be careful cos there is always something open...!

re: paper trading - IB give you a paper-trading account once you've funded your account which is handy

fwiw for my out of hours I'm still using a couple of UK spreadbet accounts (like CFD's) - the margin is minimal compared to IB out of hours

any questions just shout!

Ed

 

[Edwood]

gap above around the 1.618 level but overall looking bearish

 

[professor_frink]

hey Prof & Broadway

Ibiza is fun but a bit of a hike from here

yep Dax is good Prof, as is the SMI. haven't looked at the eStox. Was planning to cover FTSE when I moved out here but its a choppy bugger, the one redeeming feature is the opening gaps.

agree re: US hours - a killer - I occasionally cover the Dow but its hard work. am considering following your lead Prof & looking at Hang Seng but haven't got the time at the moment. you have to be careful cos there is always something open...!

re: paper trading - IB give you a paper-trading account once you've funded your account which is handy

fwiw for my out of hours I'm still using a couple of UK spreadbet accounts (like CFD's) - the margin is minimal compared to IB out of hours

any questions just shout!

Ed

Ed, Broadway,

There is actually quite a few good tradeable contracts through IB in Asia that you both could look at if you're both interested in our region-

Hang Seng has a mini(MHI) to go with the big contract(HSI)

Nikkei- N225M - small sized(osaka exchange),
SGXNK-medium size (singapore),
and N225 - super sized(osaka again).

Topix - JTI (Tokyo)

Kospi - (K200)

MSCI taiwan - (STW)

And the China H-shares traded out of Hong Kong - (HHI.HK)

The nikkei(mini or singapore contract) and MSCI taiwan index are great to trade if you are after something that behaves in a similar manner to the SPI

 

[Edwood]

Ed, Broadway,

There is actually quite a few good tradeable contracts through IB in Asia that you both could look at if you're both interested in our region-

Hang Seng has a mini(MHI) to go with the big contract(HSI)

Nikkei- N225M - small sized(osaka exchange),
SGXNK-medium size (singapore),
and N225 - super sized(osaka again).

Topix - JTI (Tokyo)

Kospi - (K200)

MSCI taiwan - (STW)

And the China H-shares traded out of Hong Kong - (HHI.HK)

The nikkei(mini or singapore contract) and MSCI taiwan index are great to trade if you are after something that behaves in a similar manner to the SPI

great Prof! thanks very much for the pointers. I see some of them also have free data subscription via IB - will check those ones out first (tite-wad that I am ). must be better for marital relations to be working local hours too I think...

 

[professor_frink]

great Prof! thanks very much for the pointers. I see some of them also have free data subscription via IB - will check those ones out first (tite-wad that I am ). must be better for marital relations to be working local hours too I think...

Yeah I was the same Ed

Been getting Osaka data for a while now to keep an eye on the other nikkei contracts, and only recently started subscribing to Tokyo, as it has the Topix, + market internals for the Japanese market.

Outside of the Jap markets, I think pretty well everything else is free

 

[>Apocalypto<]

Yeah I was the same Ed

Been getting Osaka data for a while now to keep an eye on the other nikkei contracts, and only recently started subscribing to Tokyo, as it has the Topix, + market internals for the Japanese market.

Outside of the Jap markets, I think pretty well everything else is free

Frink your a wealth of Futures knowledge!

Weaker start to the open on SPI and IGXJO,

 

[professor_frink]

Frink your a wealth of Futures knowledge!

Weaker start to the open on SPI and IGXJO,

Dunno bout a "wealth of futures knowledge"

But thanks anyway

Yeah weaker start, but we have what could be a double bottom with the o/n session right at the daily pivot point.

 

[professor_frink]

here's what I was talking about- we had another test after I posted the last message. And are now testing the downtrend line from Tuesday night.