Trading The SPI (Open)

[Bronte]

Hi, at this point do you have any swing positions from yesterday or today ?
Cheers

We have to be so very careful of questions like this..... 'hindsight'
So we are only discussing and Trading The SPI (Open) here.

 

[Bronte]

Directional Days are when the train leaves the station and keeps on moving........

If this is the case and the SPI has moved away from strong 'Support or Resistance'
then we move our stoplosses to 'Breakeven' sometimes taking some profit and reducing our contracts.

How many contracts do we Buy or Sell ?? This depends on the trade and level of: Risk:Reward
Time is very important in our analysis. We also consider Gaps, Double Top/Bottoms etc etc etc

Think of the train at the station, it may rock backwards and forwards slightly whilst waiting for passengers to get on. (traders)
When the train leaves the Station (Open or Strong Support / Resistance) it shouldn't look back.

 

[Bronte]

Think of the train at the station, it may rock backwards and forwards slightly whilst waiting for passengers to get on. (traders)
When the train leaves the Station (Open or Strong Support / Resistance) it shouldn't look back.

Now the train is at Perth railway station. (Open or Support / Resistance)
Are we going to Fremantle or Joondalup ? ( Up or Down / Buy or Sell)

There are signs to look out for:
The direction the train came into the station. (Market direction / Price action)
Sign posts, sign on front, timetable, people etc etc (Indicators)

If you get the direction wrong...... no problem get off at next station. (-8 max)
If you get the direction correct..... enjoy.

Risk -8 max : Reward +8+
Keep stats see if you can beat 50%

 

[Bronte]

Think of the train at the station, it may rock backwards and forwards slightly whilst waiting for passengers to get on. (traders)
When the train leaves the Station (Open or Strong Support / Resistance) it shouldn't look back.

SPI Opened today (EOM) @ 5388

Rocked backwards and forwards slightly (90H) then headed South at 'great' speed, and didn't look back.

We have seen 5330 Low. Down 58 points

A nice example of a 'Directional Day' tech/a

Risk of -8 points : Possible Reward of +58 points

 

[tech/a]

Wow that's a direction.
see where it is at the close.

Bronte.

Post what your going to do
Not what you've done.
Much better for credibility.

 

[Bronte]

Wow that's a direction.
see where it is at the close.

Bronte.

Post what your going to do
Not what you've done. ????? lol
Much better for credibility.

Lol, you are a joker tech/a.

Hopefully for the next 20 years....
We will trade the SPI Directional Days .

Jump out of bed, place our orders and IF in profit, work our TSL
IF not, go back to bed. lol

 

[stun]

Where did you have your sell order Bronte? When did you take profit?

 

[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 have to be so very careful of questions like this..... 'hindsight'
So we are only discussing and Trading The SPI (Open) here.

Hi stun, Welcome to this thread and 'Thank you' for your interest.
We decided early in this thread not to discuss: 'What we have done' .....sorry.

 

[tech/a]

Hi stun, Welcome to this thread and 'Thank you' for your interest.
Unfortunately we are not allowed to discuss: What we have done .....sorry.

Haha

Not allowed----- Its the Secret Service you know!

Gets hard when questions are asked.

 

[Bronte]

Not at all tech/a,
It is a lot easier to answer questions.

We answered many 'Directional Day' trading questions,
back in 2004 on 'Trading the SPI' thread on another forum. ?

Also on the 'Trading the SPI' thread here starting on: 13th July 2005

 

[tech/a]

SPI Opened today (EOM) @ 5388

Rocked backwards and forwards slightly (90H) then headed South at 'great' speed, and didn't look back.

We have seen 5330 Low. Down 58 points

A nice example of a 'Directional Day' tech/a

Risk of -8 points : Possible Reward of +58 points

What happened to this rule?

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

Your late!
An 3/4hr earlier and your Directional day wasn't directional.

Your a trickster Bronte!

 

[Bronte]

Please reread the post tech/a.

The post is just market commentary.

That is all.........

 

[Bronte]

Bronte

How's the Directional day going?
Was yesterday directional?
Is today?
Do you need 2 or three or more in a row?

The majority of our recent posts have been just to answer your questions.

 

[tech/a]

Oh I see.
Just chatting no trades taken.

Confirms my thoughts.

 

[tech/a]

The majority of our recent posts have been just to answer your questions.

Yes very accommodating

 

[Bronte]

Lol, Friday afternoon joke........:topic I know.

What is the difference between God and our very own tech/a ?

 

[burglar]

Lol, Friday afternoon joke........:topic I know.

What is the difference between God and our very own tech/a ?

Shoe size!!:

 

[Bronte]

Nice try burglar lol
Anyone else ????????
What is the difference between God and our very own tech/a ?

 

[dlineinvestor]

Nice try burglar lol
Anyone else ????????
What is the difference between God and our very own tech/a ?

One is real one is the shadow

 

[stun]

Hi stun, Welcome to this thread and 'Thank you' for your interest.
We decided early in this thread not to discuss: 'What we have done' .....sorry.

Thanks Bronte, I must have misread the post as post-event advice that you went short from the open.
Must say, my pre-open sell order at 5397 never got close to being hit. I should have posted my order intention here prior to 0850, but will try to remember before my next pre-open order.
But where was your post, prior to 0850, being that this was a directional day?