Trading the SPI

[nat]

Ahh yes all makes sense now,Nathan

 

[Freddo]

thanx for that bronte ,yes im def trying to do it on the cheap at moment,thing is most of the time its not my cheapness thats letting me down its my lack of discapline ,i dont normally trade the lunchtimes but thought today might be diff ,but it wasnt ,im finding best to just stay away,during those times so dont get tempted.
im still really in experimental mode at moment ,once i get my discalpline reigned in then if still not profiting consistenly ,i will have to go the paid live data ,and start agin.
Those times you posted for diff parts of trading day are they the right times as im way out if there right on what i thought they were ,according to cameron site ,they are as followws
pre open-9.40 am to 9.49.am
opening sesion- 9.50am to 10.00am
morn session-10.01am to 12.00pm
lunchtime-12.01pm to14.00pm
afternoon session-14.01pm to16.00pm
happy hour-16.01pm to 16.30pm
Nathan

Nathan

You have the right times...
I am using an "Orange Pocket Watch" again
it's approx $150.00 a month which seems expensive
but it quickly pays of it's self as $150 is just 6 points
which the SPI can move in a blink.

As Bronte said there is about a 8 second delay though
(although some other pager based systems are much worse).

I'm looking at a 3G based phone which I believe is supposed
to be real time.

The worst thing about things like pocket watch is you get can addicted to it
I used to have mine in bed! Drove my wife crazy with it flashing and beeping
as stops went off on Sycom

 

[Bronte]

Nathan
You have the right times...
I am using an "Orange Pocket Watch" again
it's approx $150.00 a month which seems expensive
but it quickly pays of it's self as $150 is just 6 points
which the SPI can move in a blink.
As Bronte said there is about a 8 second delay though
The worst thing about things like pocket watch is you get can addicted to it
I used to have mine in bed! Drove my wife crazy with it flashing and beeping
as stops went off on Sycom

Hehe!
Ours are definitely banned from the games room
I suppose expensive just to have for shopping.
My first NewsPager cost me $1000 just to buy it
That was over ten years ago now

 

[Bronte]

The SPI was $100 a tick back then.

 

[Sensei]

what an insipid market ... back where it started!! ... a rate rise is expected ... has the market already priced this in?

 

[nat]

i was wondering ,since sp500 and the dow had small range days and an inside bar on dailies ,is our market following and waiting for tonight for direction one way or the other ,Nathan

 

[Bronte]

Todays 5 mins SPI Chart.....

 

[Bronte]

Amazingly we are still getting over 600 hits a day on this thread:
"Trading the SPI"

 

[wayneL]

Amazingly we are still getting over 600 hits a day on this thread:
"Trading the SPI"

It's a bit like a bad car wreck.

Horrifying to see, but you just can't stop yourself looking.

(Joke folks)

 

[Ageo]

Was like a jumping jack today.

I think the market has already factored in a rate rise though.

 

[wayneL]

i was wondering ,since sp500 and the dow had small range days and an inside bar on dailies ,is our market following and waiting for tonight for direction one way or the other ,Nathan

I think the US Market is waiting for the personal income and outlays £'s tonight, that's why it wad dead.

These numbers are impotant for the perception of whether the fed will pause or not.... and the market (ignoring all other more important data) is hanging its hat on a pause FFS.

 

[wayneL]

I think the US Market is waiting for the personal income and outlays £'s tonight, that's why it wad dead.

These numbers are impotant for the perception of whether the fed will pause or not.... and the market (ignoring all other more important data) is hanging its hat on a pause FFS.

Core inflation rising at 11 year high.

http://www.marketwatch.com/news/story/Story.aspx?guid={EB1271B8-89CC-4002-9369-DCA5D2945087}&siteid=

Looks like the Spi will get it's lead... down

Dow 43 since announcement in the premarket. More #'s coming later.

 

[Bronte]

Amazingly we are still getting over 600 hits a day on this thread:
"Trading the SPI"

768 hits since this time yesterday.....WOW!

 

[Bronte]

Dow down 60 points overnight
SPI back to 4950
Going nowhere.

 

[neo]

Morning all,

Today should be interesting.
Sycom down to 4949.
Rate rise expected to be announced at 0930...will be interesting if it doesnt eventuate !!
Commodities showed gains overnight.
I'll be looking for a long trade opportunity near the open....
Any thoughts.

 

[Bronte]

Well we have our rise in interest rates...as expected (Now 6% +0.25%)
Gold Up $12 overnight.

Perth M.H.P. Now $455,000 +38%

 

[neo]

Trade entry long at 4935.
Stop loss triggered at 4929.
Long re-entry at 4926.
Anyone trading today ?
Any thoughts?

 

[Ageo]

neo i suspect the A200 should rally at some point today (perhaps later in the day) but i wont enter until more confirmation is shown

 

[Sensei]

Trade entry long at 4935.
Stop loss triggered at 4929.
Long re-entry at 4926.
Anyone trading today ?
Any thoughts?

Not positions at the moment ... it's taken a good whack ... wasn't keen on taking a long and the short looked tempting but couldn't pull the trigger ... let's see if it finds support after the first 30min

 

[Ageo]

ill jump into the chat if any1 cares to join