Trading The SPI (Open)

[tech/a]

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

So why the stop at B/E
Why the expectation of 26?
How do you get there to any target without getting B/E stops occurring
particularly when you NEVER let a profit turn to a loss---in a B/E trade then the brokerage is a loss?

Yes a lot are

And some aren't.

 

[Bronte]

:topic tech/a, Why post 'Off topic' charts ? ?
Please this is 'Trading The SPI (Open) thread.

:jerry:jerry:jerry lol

 

[Bronte]

So why the stop at B/E
Why the expectation of 26?
How do you get there to any target without getting B/E stops occurring
particularly when you NEVER let a profit turn to a loss---in a B/E trade then the brokerage is a loss?

If the SPI had moved only +2/4 B/E
If the train had continued lower....one contract to 26
We did expect the SPI to continue higher:

4) SPI opens higher then reverses then continues higher

 

[dlineinvestor]

:jerry:jerry:jerry lol

lol opcorn:

 

[tech/a]

4) SPI opens higher then reverses then continues higher

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

Now 5352/3

Bronte sorry I just don't see that in your post below here?

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 ?

Its in your 9.17 post but that's after its all happened.

You were looking at a directional day and at 26 that was lower.

 

[Bronte]

Bronte sorry I just don't see that in your post below here?

No need to apologise tech/a

Its in your 9.17 post but that's after its all happened.

You were looking at a directional day and at 26 that was lower.

No a Direction Day is due.... (doesn't have to be today).. tomorrow after our timeframe. maybe ???

 

[Bronte]

Bronte what's the chart code?

tech/a Do you even trade the SPI ?? You asked for the code ??
We have been 'Trading The SPI for 20+ years'.

 

[tech/a]

tech/a Do you even trade the SPI ?? You asked for the code ??
We have been 'Trading The SPI for 20+ years'.

Think we have the direction today!

What's that got to do with my queries about your post/s?

Does Dline
Does Wysi

Is this thread for SPI traders ONLY who actually place trades?
I've traded Futures 15 yrs and yes have traded the SPI.
Trade the DAX now---but you knew that.

Please don't get angry with me---
I have feelings to.

 

[Bronte]

Please don't get angry with me---

We are not at all angry with you tech/a.
You are near retirement age and your choice is to work.
We are ten years younger, and our choice is to trade 'The SPI'.
We are just so very different.... good luck.

 

[tech/a]

We are not at all angry with you tech/a.
You are near retirement age and your choice is to work.
We are ten years younger, and our choice is to trade 'The SPI'.
We are just so very different.... good luck.

Vastly.

If trading the SPI is all you do.

I " work " because I love it.
Not because I have to.

And good luck to you Bronte.

 

[ThingyMajiggy]

We

Hey Bronte, you keep saying we when posting, who is the "we"? Are you a group of traders somewhere or you just referring to other SPI traders? Or you at a prop shop?

 

[kid hustlr]

Bronte, I like reading these type of threads - I assume the best and assume all posts are made in roughly real time but I find your posts really cryptic. Could you perhaps clearly outline several trades (well after the fact is fine) and your thoughts behind? No need to give away all knowledge but a couple of 1 line posts makes for difficult reading??!!

 

[tech/a]

No one trading today?
Long direction Yesterday
Short direction Today.

Volatility the Futures traders
bread and butter.

 

[Bronte]

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

Only one direction.

Good morning tech/a

This was an easy call to make.
We can all see now that it is not looking good..... true?

 

[Bronte]

NYSE Dow Jones Finished up 7.84 (17,817.90)
SPI Sycom Closed at 5351

Possible Gap to close 5338 High Closed
Directional Day due...... Very Strong Downwards Directional Day after our timeframe High
Target 5326 Provided Strong Support +19
Now 5301 Low

5389 High
5301 Now Down -88 Points

 

[Bronte]

No a Direction Day is due.... (doesn't have to be today).. tomorrow after our timeframe. maybe ???

Bingo

 

[tech/a]

Good morning tech/a

This was an easy call to make.
We can all see now that it is not looking good..... true?

If it was that easy why didn't you post this up before it happened?
Oh of course you'll claim you did! See highlighted section below.
Too early to call over the longer or medium term--but today it is correcting yesterday.

5389 High
5301 Now Down -88 Points

Would have been much more impressive had you called this at 7 eastern time this morning.
Easy to hind site this which you do with great gusto.

Bingo

Even easier to post like a politician with open ended possibilities you can quote over an open ended timeframe.
We had a directional day yesterday AND today. So you definitely got that right!
Are you suggesting a trend?
If so what do you think will the SPI trend long or short?

 

[Bronte]

We feel that it is important to mention here that the SPI is very difficult to trade for 'amateurs'

It is said that the Open even more so..........

It is often quoted that the SPI "Will do whatever it takes to ensure that the majority of traders get it wrong"90 per cent of active futures traders will lose their risk capital within 90 days. So they say.

Please tech/a just admit, that your call is NOT looking good.
How low was your stoploss ?

 

[Bronte]

That was an easy call to make.
We can all see now that it is not looking good..... true?

Up 29 points, Down 88 points ?
Please answer this question tech/a

 

[Bronte]

Would have been much more impressive had you called this at 7 eastern time this morning.
Easy to hind site this which you do with great gusto.
We did, just not on this forum, please do not ask. lol

We had a directional day yesterday AND today. So you definitely got that right!
Thank you. Actually we do not class yesterday as a Directional Day + 11 / - 29 (From Open)

Lots of Volume 'Supported' the SPI at 5326/7 and then at 5301