Trading The SPI (Open)

[Bronte]

NYSE Dow Jones Finished down -30.83
SPI Sycom 5290 H Closed at 5272

Target 5257

Double Top: (5283/78) 5270
Possible Gap to close 5270 High
Directional Day due......

Ideal position for my stoploss above Sycom High
Selling 5272 Limit
Looking for Breakeven asap.
Good luck SPI traders.

SPI pump and dump action.....
From open, market continued to rise, (the Big Boyz knew something we don't)...
Just after the release of the Employment figure (11:30am), it began to sell off and back to the opening levels.

(Everybody is expecting SPI to remain flat or retrace a bit after several days of up move, and also
the US market ended flat....)
,

View attachment 56794

Nice observations baby_swallow.

Keep an eye on my Targets 5257
They make great Support / Resistance areas
As can be seen on the chart above.

 

[Bronte]

NYSE Dow Jones Finished up 193 + 1.33 %
SPI Sycom 5248 H Closed at 5239

Target 5240

Double Top 5237 5248
Gap to close 5217 High
Directional Day due......

Ideal position for my stoploss above Sycom High
Sell 5241 Limit
Looking for Breakeven asap.
Good luck SPI traders.

Target 5240 Yesterday's Resistance

5237 High 5239 High 5241 High

 

[Bronte]

Good morning SPI traders and 'Happy Valentines Day' artyman:

NYSE Dow Jones Finished up +64 points.
SPI Sycom 5310 H Closed at 5296
Target 5275

Double Top 5310 5310 (Sycom)
Gap to close: 5287 High
Directional Day due......

Ideal position for my stoploss above Sycom High.
Sell 5298 Limit
Looking for Breakeven asap.
Good luck SPI traders.
Extra care required today. :birthday:

 

[Bronte]

Good morning SPI traders and 'Happy Valentines Day' artyman:

NYSE Dow Jones Finished up +64 points.
SPI Sycom 5310 H Closed at 5296
Target 5275

Double Top 5310 5310 (Sycom)
Gap to close: 5287 High
Directional Day due......

Ideal position for my stoploss above Sycom High.
Sell 5298 Limit
Looking for Breakeven asap.
Good luck SPI traders.
Extra care required today. :birthday:

Sold SPI Open 5300
+8 taken

 

[baby_swallow]

Sold SPI Open 5300
+8 taken

Good trading Bronte....ur on fire!!!
My gut feeling is levels 5278 and 5273 will be tested today....

 

[Bronte]

Good trading Bronte....ur on fire!!!
My gut feeling is levels 5278 and 5273 will be tested today....

Thank you.

The Gap very quickly closed this morning. 5287
My Target 5275 would be a great place to take profit.
5279 Low is a 22 point Range......care required here.

 

[Bronte]

Thank you.

The Gap very quickly closed this morning. 5287
My Target 5275 would be a great place to take profit.
5279 Low is a 22 point Range......care required here.

5279 has Supported the SPI
We are now hovering around the 50% PullBack point 5290
Good Luck all gtg.......

 

[baby_swallow]

5279 has Supported the SPI
We are now hovering around the 50% PullBack point 5290
Good Luck all gtg.......

Must be reponding to the Nikkei open

 

[Caveroute]

Must be reponding to the Nikkei open

Maybe, but as an observation it's a measured move off the ETH high, to a tick, if you believe in that sort of stuff ....

 

[Bronte]

It is often quoted that the SPI is "Opened by amateurs, closed by professionals"

My intention is to use this thread as a place for preopen SPI discussion.

Any / all market calls will be made before the SPI opens. 09:49:30

A maximum Stoploss of eight points will be used, at all times.

Only the exits will be live.

All SPI traders are welcome to post.

Please enjoy......

We hope some members have enjoyed this thread so far...

Please let us know if you want us to continue.

We almost posted this morning......

SPI gave us 20 points in 30 secs.

Nice.

 

[CanOz]

We hope some members have enjoyed this thread so far...

Please let us know if you want us to continue.

We almost posted this morning......

SPI gave us 20 points in 30 secs.

Nice.

Trading the news Bronte?

 

[Bronte]

Trading the news Bronte?

Yes CanOz,
Always the news....

 

[Caveroute]

We hope some members have enjoyed this thread so far...

Please let us know if you want us to continue.

We almost posted this morning......

SPI gave us 20 points in 30 secs.

Nice.

Hi Bronte, how do you enter on the open ?

I have an automated NT strategy that today on the SPI open tried to enter short on a limit order off the 5 tick ask.

The slippage made me cringe, 20+ points, and I lost money when it should have been a great trade.

Some days it's a few ticks here and there, but today ......

How do you do it ?

Tia.

 

[Bronte]

Hi Caveroute,

This mornings order was placed with IB:

Sell 5440 Limit

The market opened at 5439 and went up one point to 5440 (very lucky)

Any open above 5440 would have been filled. 5440 sometimes

Orders are placed pre open, anytime after 09:40

Hope this helps....

 

[wayneL]

There were a couple of hindsight claims above.... Lets keep is live as the thread started aye.

 

[Caveroute]

We hope some members have enjoyed this thread so far...

Please let us know if you want us to continue.

We almost posted this morning......

SPI gave us 20 points in 30 secs.

Nice.

Yes, please continue - it's how I start my day.

 

[5oclock]

Please continue BRONTE , just because we dont reply doesnt mean we dont read and get something from your posts, so please continue---thanks!!!

 

[Bronte]

It is often quoted that the SPI is "Opened by amateurs, closed by professionals"

My intention is to use this thread as a place for preopen SPI discussion.

Any / all market calls will be made before the SPI opens. 09:49:30

A maximum Stoploss of eight points will be used, at all times.

Only the exits will be live.

All SPI traders are welcome to post.

Please enjoy......

Yes, please continue - it's how I start my day.

Please continue BRONTE , just because we dont reply doesnt mean we dont read and get something from your posts, so please continue---thanks!!!

So we have: Pre Open Foresight orders.

Stoploss of: -8 max on confirmation of Open (RISK)

Targets of: +8 plus (REWARD)

Support and Resistance areas.

Great RISK : REWARD Money Management. (BE asap)

High Successs Rate, considering this is 'THE OPEN' on 'THE SPI'

Analysis: Tops, Bottoms, Gaps, Sycom, Ranges, D/days, TIME, etc.........

 

[Bronte]

NYSE Dow Jones Finished Up +30.83
SPI Sycom 5487 H Closed at 5456
Targets: 5478 5483

Double Top: 5477 5487
Double Bottom: 5444 5445
Gap to close 5407
Directional Day due......

Ideal position for my stoploss above Sycom High.
Monday mornings seem to be the most unpredictable.
Lower volume tomorrow due to holidays..Labour Day (Vic) Canberra day etc
Good luck SPI traders.

 

[Bronte]

NYSE Dow Jones Finished down -30.83

NYSE Dow Jones Finished Up +30.83

This has just been brought to our attention.
Post #17 & Post #39 lol