Trading The SPI - NON-Gann Techniques
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Bronte
Trading The SPI for 20+ years
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Hi SevenFX,
Not quite 'spot on'
Chart shows 6259 Low
Think I'll split the difference at 6258.50, and don't think few pts either side could be taken away from acouch.
Which provider are you with bronte, and do you prefer line charts as opposed to candles.
SevenFX
Bronte
Trading The SPI for 20+ years
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Mostly line charts SevenFX
Easier to hand draw
MF Global today.
Easier to hand draw
MF Global today.
wayneL
VIVA LA LIBERTAD, CARAJO!
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BTW
For those interested in discussing Gann analysis, there is a perfectly good Gann/Spi thread... somewhere.
There are a few using Gann now, so i would would encourage you to open up that thread again.
For those interested in discussing Gann analysis, there is a perfectly good Gann/Spi thread... somewhere.
There are a few using Gann now, so i would would encourage you to open up that thread again.
wayneL
VIVA LA LIBERTAD, CARAJO!
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FYI https://www.aussiestockforums.com/forums/showthread.php?t=4875&highlight=spi+gann+techniques
No pressure for anyone to leave this thread, just a good idea to separate the two schools of analysis for peace sake.
Bronte
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Bronte
Trading The SPI for 20+ years
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SPI Pivot point 6279
Resistance R1 6302
Support S1 6243
Support S2 6220
Very similar
Resistance R1 6302
Support S1 6243
Support S2 6220
Very similar
Trembling Hand
Can be found on the bid
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Anyone else getting sick of the HUGE and very annoying cross trades that have been going off on the SPI. Makes the charts volume unreadable.
Anyone else getting sick of the HUGE and very annoying cross trades that have been going off on the SPI. Makes the charts volume unreadable.
rollover?
Would someone please explain to me how these huge trades occur? Because there doesnt seem like thousands of contracts on my market depth table to pick up.
I'm guessing these large trades are institutional, but is there another 'institutional' market out there where these volumes are able to be picked up, and then that volume just happens to record on the 'public' volume charts?
thx.
not directly relevant but gives some background to what happens - I'm not certain its today tho, no positions & just lurking today. no trading for me until the US news is out
http://www.dacharts.com/faq/futures-rollover.htm
todays volume
http://www.asx.com.au/sfe/volume_summary.htm
http://www.dacharts.com/faq/futures-rollover.htm
todays volume
http://www.asx.com.au/sfe/volume_summary.htm
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Looks like most of this excess volume is being rolled into Dec SPI. Scroll down this link to AP and you will see similar volume for Dec as Sep. http://www.asx.com.au/sfe/futures_summary.htm
Yep, I agree, it's mostly rollover volume.
But what confuses me is how an institution can purchase thousands of contracts and barely make a blip on the price chart.
For every long there must be a short, so I just wonder who is on the other side of these large contract deals, which happen in an instant and dont move the price, not even for 1 tick?
There doesnt look like there is thousands of contracts on offer on the bid or ask side of my market depth table.
But thankyou for those links, ill look into them.
cheers.
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I don't know all the mechanics behind the "rolling" process either, but just always assumed that if they are selling the same quantity in Sep as they are buying in Dec, this in itself provides the long and short for each contract and would prevent price from moving significantly.
However, there must be a system in place which allows this rolling process to happen, so hopefully, someone else can answer that question.
well we got some range! but no surprises that we're back at the open for the news
Trembling Hand
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How was that Futures sell Bot yesterday? I'm going to have to find a name for him as he is a pretty regular player a day or two out from option expiry. Normally he is switched on a day before expiry but I guess the smart team with the huge pockets knew today wouldn't be a great day for a sell program. Why do I think it was a BOT. There is no way the ask side can be stuffed that fast on every up tick, as soon as we ticked down the orders would change and then on any hit up instantly the Ask side was stuffed with orders. Just way to fast for it to be a manual player. And it did what ever it was trying to do as we lost 90 points from top to low. Is it there to take out options or was it there to get net long equities as its hitting the Futs for todays games. I'm not sure but it certainly got its fill yesterday
