Trading the SPI

[wayneL]

You are a natural Realist...Well done.
Of course people will not believe you.
It was a "Hindsight trade"... they will shout

Apples and Oranges Bronte

Realist said I am buying at x price and selling at x time. Completely unambiguous!!

Your posts are usually ambiguous. This could be prevented by say I have bought @ x immediately after doing so, or by saying "limit buy at x" etc.

In this way no-one can doubt the veracity of your claims... and you won't have to feign indignation.

When there is ambiguity, there will be doubt. Why be ambiguous when you can be explicit? People will reach conclusions based on this.

Cheers

 

[Bronte]

If I have to I will go through ALL 14 trades:
17-10-05
07.26AM
Very Strong Area of Support @ 4422
(This says BUY 4422/3 Stoploss below Support)
Please ask yourself...WAS THIS TRADE CALLED BEFOREHAND?
Same Day
02.03PM
In @ 4422
02.11PM
Now 4442
Chart attached
Please note the times.

Here's one October 2005

 

[Bronte]

Todays Hindsight Trade
SPI 5 mins chart:

 

[Bronte]

Todays Live Trade Summary:

09.21AM EST Received Daygraph showing Strong Support Area @4316

09.40AM EST Enter Buy 4316 on Limit orders

09.50AM EST SPI Day market Opens @ 4323

09.59AM EST Bought 4316 (Not all contracts filled)

10.03AM EST First Post ASF Bought 4316

10.04AM EST Second Post ASF Now 4328 Stoploss 4308

10.07AM EST Third Post ASF Targets T1 T2 T3

10.13AM EST Trade Over Post ASF

10.18AM EST I Will Be Buying 4316 Again Post ASF

10.25AM EST Bought 4316

10.33AM EST Trade over Post

Please see times on chart.....

Here is another one 19th October 2005

 

[professor_frink]

Fine bronte. All of your trades were great!
I tried being civil.
Will excuse myself from now on.

 

[wayneL]

Bronte,

Just do it all the time and no one will doubt you. Easy.

This has been an issue ever since you have been posting here.

If you don't wan't to be doubted, post stuff like:

Support at 5000 - limit buy at that level
Target 7000
Stop at 1750

or something along those lines... clear, explicit, in advance or called immediatly afterwards.

Then you simply will not "have" to defend yourself ...Easy

Cheers

 

[Bronte]

Ok REAL TIME
I HAVE BOUGHT 4316 THIS MORNING

Private Messages by a few members after this LIVE trade
Including you Wayne.....Why only a PM ?

 

[wayneL]

You had to go back to OCTOBER 2005 for a live trade? ROFL

 

[Bronte]

Private Messages by a few members after this LIVE trade
Including you Wayne.....Why only a PM ?

It was a good place to START

 

[wayneL]

Private Messages by a few members after this LIVE trade
Including you Wayne.....Why only a PM ?

Forward me these PM's so I can verify them.

The reason being you claim to get a lot of PM's and the capacity constarinsts of the ASF PM system would have forced you to delete October PMs long ago.

 

[Bronte]

I am not looking for a battle Wayne.....no need for insults.
Was todays trade hindsight or foresight ???

 

[Bronte]

Forward me these PM's so I can verify them.

The reason being you claim to get a lot of PM's and the capacity constarinsts of the ASF PM system would have forced you to delete October PMs long ago.

"I've been offline for a few days so have missed all the action, but...
Well done. With those live posts there can be no ambiguity.
Time for us all to settle down now and for us all to stick to trading posts.
Cheers"

Wasn't sure how to forward....so here is one of them...remember this one Wayne?

 

[Bronte]

I have managed to forward you the above message Wayne
Dated 22nd October 2005 08.31PM

 

[wayneL]

Bronte

It is good when you or anybody calls live trades

Everybody appreciates them including me and I have and will continue encourage people to do so. But most of your calls are with sufficient time lapse to be hindsite.

Support does not mean buy. Support means a support level.

Buy or limit order @ means you have taken the trade.

Big difference

Cheers

 

[Bronte]

Why only a PM when you are trying to encourage me
and offensive posts like that one above when discourage me......

Please can you remove it.

Was todays trade hindsight or foresight?.

 

[wayneL]

Why only a PM when you are trying to encourage me
and offensive posts like that one above when discourage me......
please can you remove it.
Was todays trade hindsight or foresight?.

The one I can see was posted once 3 pts in profit.

With your style of trading you should be able to say "limit buy at x"

Look, even when it becomes apparent that you get stopped out sometimes, you will get far more respect.

 

[Bronte]

Can you show us one of your foresight SPI trades please Wayne.
(thank you for deleting the offensive post)

 

[wayneL]

Lol

I don't trade the SPI.

I trade ES and ER2 which doesn't interest many here.

However, when I do post stuff, I freely give away WHY such and such a level is support, I give away formulas, websites, anything I can to help. You may have noticed how much option info I give away. All stuff people never learn in $5,000 seminars.

It is all my pleasure too. I enjoy helping where I can.

I have yet to see any such give away of info from you. Just levels which the logic and construction of which is a secret.

This raises questions as well.

 

[Bronte]

Trade what you see.
The chart shows that we were well oversold
ASX was @ 4955
SPI was @ 4915 Down 40 points
We had Natural Support (Previous Bottoms 4913 / 10)
We had Gann Support (you know these work )
Small Risk with possible Large Reward.

Did you not trade the SPI with us for a few months?

 

[wayneL]

Did you not trade the SPI with us for a few months?

Yes, and I did make some calls.. some live, some hindsite. I also had a blog where I called trades live on ES & ER2, but that only had 2 readers, me and my wife when I forced her to look.

FWIW, I am not all that bothered about people calling live trades. If they do call them though, they should indeed be live.

I am more interested in the process than the execution, and I think that is better in an education sense. Different people have different execution priorities and may enter the same signal with different goals in mind, therefore a different entry point.

Cheers