Trading The SPI (Open)

[Bronte]

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

Monday mornings seem to be the most unpredictable.
Lower volume tomorrow due to holidays..Labour Day (Vic) Canberra day etc
Good luck SPI traders.

SPI Opened at 5444
We have seen Highs of 5445 and then a retest later at 5444
A nice Directional Day off Double Top 5445 5444
Our Support became Resistance this morning.
5416 Low so far
Gap to close ?

 

[Bronte]

Gap to close 5407
Directional Day due......

Gap just Closed.
5407 Low.
Now 5415

 

[Bronte]

NYSE Dow Jones Finished down -34 points
SPI Sycom Closed at 5421
Target 5412

Double Bottom: (5407/06)
Gap Closed & Supported SPI
Sycom Low 5399 200% T

Ideal position for my stoploss below Sycom Low
Buying 5421 Limit
Looking for Breakeven asap.
Good luck SPI traders.

 

[Bronte]

5424 Open
5422 Low
Went to 5429
Just missed.....

Trade over.

 

[Bronte]

SPI hovering around 5421 +2 / -1

Looking to buy Target T 5412 (As above)

 

[Bronte]

Looking to buy Target T 5412 (As above)

5414 Low
Trade over......
Now 5422

 

[Bronte]

Looking to buy Target T 5412 (As above)

Just for the record....
Support 5412 held for a short while.

 

[Bronte]

NYSE Dow Jones Finished down -231.19
SPI Sycom 5336 Low Closed at 5355
Target 5366

Double Bottom: 5334 5336
Possible Gap to close 5377 Low
Directional Day due......

Ideal position for my stoploss below Sycom Low.
Buying 5355 Limit.
Looking for Breakeven asap.
Good luck SPI traders.

 

[Bronte]

5350 Open
Went to 5345
Sold to get out at 5350 +/- 0

Looking to buy again at Double Bottom

 

[Bronte]

5350 Open
Went to 5345
Sold to get out at 5350 +/- 0

Looking to buy again at Double Bottom

Bought 5336

 

[Bronte]

Bought 5336

Now 5344 / 45 +8
Stops to Breakeven.

 

[Bronte]

Nothing to report apart from paying our two Futures Brokers a lot of commission.
SPI Open trade well and truly over. Had lots of fun tho.......

 

[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......

I feel that the 'amateurs' that opened the SPI this morning would have lost money.

Keep an eye on my Targets
They make great Support / Resistance areas

A great place to Buy / Sell

NYSE Dow Jones Finished down -231.19
SPI Sycom 5336 Low Closed at 5355
Target 5366

Double Bottom: 5334 5336
Possible Gap to close 5377 Low
Directional Day due......
After buying the open and seeing -5 points
It was a strong sign that the directional day expected was against us.....

Professionals to close the market today ?
Keep an eye on my Target T
Also the gap to close.

 

[Wysiwyg]

Bought open and picked up 21 points within 20 minutes. Not going to watch the paint dry though.

 

[Bronte]

Nice one

Did you Buy the open ?? after seeing:

NYSE Dow Jones Finished was down -43.22
SPI Sycom 5302 Low Closed at 5307
Target 5321

Double Bottom: 5302 5303
Gap to close 5322 5377 Lows
Directional Day due......

Ideal position for my stoploss below Sycom Low.
NB: SPI Opened really Low this morning.....

Good luck SPI traders.

 

[Wysiwyg]

Nice one
Did you Buy the open ?? after seeing:

The reaction low. Lucky really.

 

[Bronte]

Nice one

Did you Buy the open ?? after seeing:

NB: SPI Opened really Low this morning.....

The reaction low. Lucky really.

http://www.animateit.net/data/media/264/doc-kick.gif

 

[Bronte]

Good morning SPI traders.

NYSE Dow Jones Finished up +181.55 points.
SPI Sycom Closed at 5345
Targets: 5358 5377

Double Bottom: 5302/03 5290
Double Tops: 5354 5354 (Sycom)
Gaps to close: 5377 low 5333 High
Directional Day due ? ...... maybe not today.

Time frame Low yesterday.

 

[Bronte]

Good morning SPI traders.

NYSE Dow Jones Finished up +181.55 points.
SPI Sycom Closed at 5345
Targets: 5358 5377

Double Bottom: 5302/03 5290
Double Tops: 5354 5354 (Sycom)
Gaps to close: 5377 low 5333 High
Directional Day due ? ...... maybe not today.

Time frame Low yesterday.

Opened at: 5349 5347 Low
Resistance from: 5354/56/57
Opener & Low broken 5346 now.

 

[Bronte]

Good morning SPI traders.

Time frame Low yesterday.Monday

Good morning 06:00 AM
Dow Up + 88.97