Trading the SPI

[Ageo]

nice scalp mit, this rally just doesnt want to end lol

seems manipulation hardcore.

 

[Bronte]

Out at 4990. See if it changes now
MIT

Hi mit,
What are you trading?
The SPI hasn't seen 4990 ????

 

[Bronte]

Low 4884
High 4984
100 point rally

 

[mit]

I've been saving the A200 as snapshots and looking at the daily shape and from 2 until 2:40 it seems to be a fairly consistant trend. It would have been nice to catch 4996 though.

From 2:40 it looks as though another wave of traders come on board and you can see this now. When they make up their mind another trend should start.

MIT

 

[Ageo]

Hi mit,
What are you trading?
The SPI hasn't seen 4990 ????

he's trading CFD's the aussie200

 

[Ageo]

I've been saving the A200 as snapshots and looking at the daily shape and from 2 until 2:40 it seems to be a fairly consistant trend. It would have been nice to catch 4996 though.

From 2:40 it looks as though another wave of traders come on board and you can see this now. When they make up their mind another trend should start.

MIT

hope so, as it doesnt look convincing that a reversal will kick in and if 1 does only a small 1 at that.

 

[mit]

Starting to look like a trend down. Might be good for a few pips. Short at 4989

 

[Ageo]

Starting to look like a trend down. Might be good for a few pips. Short at 4989

not enough confirmation for me.

but i hope it free falls for both of our sake

 

[Bronte]

Low 4884
High 4984
100 point rally

You gave us scare mit

 

[Bronte]

We sold our SPI Resistance 4984
Stoploss was 4990

 

[Ageo]

is it me or does it look like it might be pushing up a tad further

 

[Bronte]

Out at 4990. See if it changes now
MIT

&

 

[Sensei]

....... watch the negative divergence!

 

[Ageo]

ill give it to 3:30pm (Sydney time) to reverse, if not i think it will mellow out for the day. Although i have seen last minute changes

 

[Ageo]

is it me or does it look like it might be pushing up a tad further

materials sector is racing up. Which usually pushes up the A200.

I cant get over this, amazing if you were long from the open

 

[Ageo]

took the plunge and went short @ 4986.


lets see what happens

 

[Sensei]

doesn't look convincing just yet .... need confirmation that it's not a false breakout.

 

[Sensei]

doesn't look convincing just yet .... need confirmation that it's not a false breakout.

PS ... is this server very slow or is it at my end?

 

[Ageo]

server is very slow

 

[Sensei]

Thanks Ageo .. sorry for the doubleup message