Trading the SPI

[neo]

What will happen today?
Fed pauses on interest rates..
DJIA and S&P down by 45.79 and 4.29 respectively.
Sycom down to 4977 .......

 

[Ageo]

What will happen today?
Fed pauses on interest rates..
DJIA and S&P down by 45.79 and 4.29 respectively.
Sycom down to 4977 .......

no idea, but in a few hours you i will tell you

 

[Bronte]

Physical 5025
SPI 4975
No Gap

 

[neo]

Could be a good day!
SPI open 4965.
I'm long at 4961....bugger , down a bit at the moment.
Should come back up........I hope!

 

[Ageo]

Should come back up........I hope!

dont count your chickens too soon, looks like it might retrace 1st then rally

 

[Bronte]

Not getting Buy signals as yet.
I have Gann Support at 4915

 

[Ageo]

My 1st major support on the A200 is 4940 and so far it seems to be holding.

 

[Bronte]

4919 Low

 

[Bronte]

Not getting Buy signals as yet.
I have Gann Support at 4915

Bought 4915
Now 4918

 

[Ageo]

I have been noticing thow that the 1st moves are usually big ones (as i said in a previous post).

again!!!

why dont i just trust myself? hehe

hmmm tomorrow i shall implement what i have been noticing.

 

[Ageo]

Bought 4915
Now 4918

ill wait until it clears up a little bit because this baby looks like its going to clean up all the buyers thats in the way.

 

[nat]

Dont worry ageo your not alone ,surely we must be learning more and our brains will figure it out one dayNathan

 

[Bronte]

Seen 4912
Now 4919 +4
Taken some profit

 

[Ageo]

Dont worry ageo your not alone ,surely we must be learning more and our brains will figure it out one dayNathan

A200 is 4930 if it moves around 4920 or so ill be tempted to jump on with a 10 point stop loss buffer

*moving down as we speak*

 

[Bronte]

4910 Double Bottom
Now 4916 +1
That's me out
+4 +1

 

[Bronte]

Out too soon
Now 4921 +6
Never mind
Thank you Mr Gann.

 

[Bronte]

Bought Gann Support 4915
Took +4 +1
SPI Now 4924 +9 Doh!

 

[Ageo]

Had enough of watching, i wanna lose some money!

Long 20 contracts @ 4928 A200

Stop is 4918

 

[Sensei]

... excuse my ignorance or audacity to even ask ... but can someone explain to me the logic behind entering a trade counter to the morning trend with a move of 50 odd points and trying to pick up 1 point and 4 points? What is the risk/reward etc for such a trade? I don't expect a reply, but it just seems like a lot of crock is being spewed. Hope no-one is following or relying on such trades. This market will chew you up and spit you out. Prefer to hang onto the coat tails of the big boys, follow their lead and secure a few points in their wake. Otherwise it's like trying to surf against the direction of the waves.

 

[Bronte]

Nice observation Sensei.
If the Gann Support had held stronger.
I would have been in for a much larger Reward