Trading the SPI

[neo]

Hi People,
Still short from 4960.
May go lower this afternoon possibly below 4900?????????
Its Friday afternoon.....has dropped all morning ..
Why would it go up again?

 

[nat]

hi neo glad to c some one benefitting out of this drop ,i missed my opportuinity at start then thought had gone to far and not game to try agin,,,of coarse it kept dropping .Nathan

 

[Ageo]

hey ageo couldve been 1200$ by now ,i cant believe ive just watched it continue falling, wheres the bend at the end?Nathan

yes i know it can hurt but hey there are always trades like this.

The main thing is to learn from it and implement next time.

anywayz i made $500 net from a short MBL trade yesterday.

so im still a tad happy



P.S you see what i mean now about having those trailing stops in place. Even if i was wrong 3 times i would have lost $600 but 1 right trade could have put me in $600 profit.

small win/loss ratio but high reward/risk ratio

 

[neo]

looks like a run back up is getting established.
seems to be a lot of large hits on the ask?

 

[Ageo]

looks like a run back up is getting established.
seems to be a lot of large hits on the ask?

could be a run back up but if its like the last week or so then you will get murdered as it will most likely bounce up and down now.

Funny that.....

 

[Hopeful]

Anyone else noticed the tight channel since July 15th? SPI has been in a trading range 4875-5020 for three weeks now. When she breaks out of it I guess we can expect some powerful moves from all that pent-up emotion. My money is on the downside. If I'm wrong I can expect :whip from my wife.

 

[Ageo]

If I'm wrong I can expect :whip from my wife.

thats a good thing!


and yes i have noticed the rangebounds it has been trading in.

Weird indeed

 

[professor_frink]

Anyone else noticed the tight channel since July 15th? SPI has been in a trading range 4875-5020 for three weeks now. When she breaks out of it I guess we can expect some powerful moves from all that pent-up emotion. My money is on the downside. If I'm wrong I can expect :whip from my wife.

That's what stops are for hopeful! We should rename them anti-whipping orders

 

[neo]

run up still looks good!

 

[neo]

Maybe not!
......you were right Ageo.
In and out a few times for zip!
Did get most of todays down move though......46 pts!!!

 

[Freddo]

I'll feel like I have been through a blender
but I'm still short and now in the positive again

 

[Bronte]

Nice one neo, very well done
Nice one Freddo, welcome back
Interesting that profs number 4940
Todays mid point.
5 mins SPI chart:

 

[Bronte]

BIG Sycom movement overnight.
4971 High
4891 Low
Dow -2.2

 

[pchivers]

> BIG Sycom movement overnight.
> 4971 High

That was the December contract. September hardly moved.

 

[Bronte]

> BIG Sycom movement overnight.
> 4971 High
That was the December contract. September hardly moved.

Hi pchivers
My pager definately says Sep06
Just checked with Market Analyser Pro
Where are you getting your info.?

 

[Bronte]

S&P SPI 200 NIGHT Sep06
Vol 1726
Last 4917
H/L 4971 4891

 

[wayneL]

> BIG Sycom movement overnight.
> 4971 High

That was the December contract. September hardly moved.

APU6 Sycom last night

 

[neo]

Dec and Sept contracts both had a high of 4971... mind you the Dec volume was a big 3.

Sycom closed at 4917

Friday XJO close was 4956.1.
I would expect some catchup of the spi on Monday am (assuming it opens low).
Any thoughts?
I will be looking for a long trade near the open!
Bronte, as per your previous posts, is this a day when you would trade the 'spi discount' assuming it opens near 4917 on Monday?

 

[Bronte]

Dec and Sept contracts both had a high of 4971... mind you the Dec volume was a big 3.
Sycom closed at 4917
Friday XJO close was 4956.1.
I would expect some catchup of the spi on Monday am (assuming it opens low). Any thoughts?
I will be looking for a long trade near the open!
Bronte, as per your previous posts, is this a day when you would trade the 'spi discount' assuming it opens near 4917 on Monday?

Yes neo, We would be looking to Buy a low open.
Hopefully Battman64 can give us some Gann Support around here

 

[Bronte]

APU6 Sycom last night

Thank you Wayne / neo.
For your confirmation.