Trading The SPI (Open)

[Bronte]

Bronte, how are you calculating fair value
Thank's

As you know dlineinvestor, it all happens so quickly to mess around with calculations.

Just keep an eye on: The Physical (S&P/ASX 200 Index) V's The Futures (SFE SPI 200 Index Futures)

 

[dlineinvestor]

As you know dlineinvestor, it all happens so quickly to mess around with calculations.

Just keep an eye on: The Physical (S&P/ASX 200 Index) V's The Futures (SFE SPI 200 Index Futures)

Hi, it all sounds good and as it's working even better. Cheers for posting

 

[Bronte]

Hello Bronte . Assuming all non amateurs are professional, what would a professional do on Monday with the present data and with a "Trade the SPI open" approach?

1) SPI opens higher then reverses
2) SPI opens higher and continues higher
3) SPI opens higher and continues higher marginally then reverses
4) SPI opens higher then reverses then continues higher
5) SPI opens lower then reverses higher

It's a tough Q.

4)

NYSE Dow Jones Finished up 91.06 + 0.51 % (17,810.06)
SPI Sycom 5371 H Closed at 5360

Triple Top: 5371 5371 5371 Sycom
Possible Gap to close 5338 High
Directional Day due......

Target 5326

Ideal position for my stoploss above Sycom High
Sell 5359 Limit
Looking for Breakeven asap.
Good luck SPI traders.

Any other SPI traders keen to speculate on tomorrow mornings Open ?

 

[Bronte]

4)
Target 5326

Ideal position for my stoploss above Sycom High
Sell 5359 Limit
Looking for Breakeven asap.
Good luck SPI traders.

Any other SPI traders keen to speculate on tomorrow mornings Open ?

Sold the 'Open' at 5360

Now 5349 +11

 

[tech/a]

Sold the 'Open' at 5360

Now 5349 +11

Bronte what's the chart code?

 

[Bronte]

SPI Dec18'14 @SNFE

 

[Bronte]

4) SPI opens higher then reverses then continues higher

Opened at 5360 reversed to 5349 then continued higher to: 5367

Now 5352/3

 

[Wysiwyg]

4) SPI opens higher then reverses then continues higher

Opened at 5360 reversed to 5349 then continued higher to: 5367

Now 5352/3

Bullseye Bronte.

High of 5388 at the mo.

 

[tech/a]

Bullseye Bronte.

Break even trade according to this.



As expected according to this.

 

[Bronte]

lol tech/a Bet you $100,000 that it is NOT.

 

[tech/a]

lol tech/a Bet you $100,000 that it is NOT.

Not what?

 

[Bronte]

China is stimulating it's massive economy ----- Australia has just brokered a free trade agreement with it's biggest customer.

Only one direction.

tech/a, we assume you meant upwards ??? You are stoplossed out for -8 per contract.

 

[tech/a]

tech/a, we assume you meant upwards ??? You are stoplossed out for -8 per contract.

I did--do.
I don't see where I placed up a trade?
As you did?

According to what I see posted.
You were out at B/E and the SPI is going up.
The rest is assumption---incorrect at that.

 

[Bronte]

I did--do.

So tech/a, you traded the SPI (Open) and lost "it happens'
Please do not be angry with us.
Try again tomorrow.

 

[dlineinvestor]

Sold the 'Open' at 5360

Now 5349 +11

Hello again, nice trade and call # 4)
Was the your close on limit order or your discretion, would have been to the tick
Did you enter again in the up trend ?
Cheers

 

[Bronte]

Bullseye Bronte.
High of 5388 at the mo.

'Thank you' Wysiwyg, 5389 was the High

4) SPI opens higher then reverses then continues higher

'Thank you' dlineinvestor,

Yes we entered again after the Double Bottom: 5349 / 5352

 

[tech/a]

So tech/a, you traded the SPI (Open) and lost "it happens'
Please do not be angry with us.
Try again tomorrow.

I did?

Angry--who's angry?

Break even trades are great capital preservers
good call you were wise to have it there.
Particularly when you were looking for 5326
Live to fight another day. Ill join the fan club.

Yes we entered again after the Double Bottom: 5349 / 5352

Of course you did
Well done!!

 

[Bronte]

'Thank you' tech/a
We have seen you post, that most of your trades are breakeven trades.

 

[tech/a]

'Thank you' tech/a
We have seen you post, that most of your trades are breakeven trades.

Yes a lot are.

 

[Bronte]

We NEVER let a profit turn into loss.
Especially +11 per contract trades in 30secs.