Trading the SPI

[Ageo]

Hmm too complex for me.

ill see you's in the morning for the opening

 

[Bronte]

Easy, just trade off pivots.

Easy.... ok, so just let us know the pivots and we will assume the rest

 

[Bronte]

In the morning.....good night.

 

[wayneL]

We both are being elusive & evasive Wayne.

I don't think so. Have a look through these forums and see how much information I've given away for free. I literally cannot post live a lot of the time so the only honest thing is to not post any trades. I cannot be more upfront than that. I am quite happy to discuss the process when I have the time.

That is my position.

Cheers

 

[Bobby]

This came to my attention :

Regulatory controls on insider trading in the U.S. , do not apply in Australia.
Most large trading houses in Australia are branches of major U.S. trading houses .

Regultory controls in Australia do not apply regarding futures trading !!
Can you beleave this ?

The Australian market tracks the S&P500 index point for point overnight ( Ausse time ), and responds to any moves in the DOW during the opening session the following day ( Ausse time ).

If a major U.S. institution was aware of something that could have an effect on the DOW, which cannot be taken advantage of in the U.S. , its possable to take positions in the Australian futures market, one day, & exit the following day, on the opening.

What do you think of this ?

Bob.

 

[wayneL]

This came to my attention :

Regulatory controls on insider trading in the U.S. , do not apply in Australia.
Most large trading houses in Australia are branches of major U.S. trading houses .

Regultory controls in Australia do not apply regarding futures trading !!
Can you beleave this ?

The Australian market tracks the S&P500 index point for point overnight ( Ausse time ), and responds to any moves in the DOW during the opening session the following day ( Ausse time ).

If a major U.S. institution was aware of something that could have an effect on the DOW, which cannot be taken advantage of in the U.S. , its possable to take positions in the Australian futures market, one day, & exit the following day, on the opening.

What do you think of this ?

Bob.

I have had my suspicions Bobby. But can't confirm for sure.

 

[wayneL]

Easy, just trade off pivots. Even easier in hindsight

No need to say much.

But a buy at s1 would have yielded minimum 1000 USD per contract. (As this is hindsight, not saying whether I took the trade)

There was also minimum 1000 USD on silver, gold, and greter than 500 USD on euro futures and crude oil EmiNYs per contract, trading off pivots.

They don't work 100% of the time, but often enough

Cheers

 

[Bronte]

Easy.... ok, so just let us know the SPI pivots and we will assume the rest

"They don't work 100% of the time, but often enough" Interesting comment Wayne.

Sycom finished high 4916 after a night of turmoil.
Dow +48.2

 

[Bronte]

R3 4972.3
R2 4949.6
R1 4926.3
PIVOT 4903.6
S1 4880.3
S2 4857.6
S3 4834.3

 

[Bronte]

They didn't work very well last time we tried them, on this thread earlier in the year. We will see what happens today.

 

[Bronte]

Looks like we may see an Open around R1 (Yesterdays High)

 

[Poor_Grenville]

They didn't work very well last time we tried them, on this thread earlier in the year. We will see what happens today.

It's very difficult to judge whether anything works until you've backed tested it for at least a few years... so to say this works or not really does not do it any justice!

 

[neo]

HI all,
Looking to buy in at a low open again...
Any thoughts?

 

[Bronte]

Yes, we agree with that Poor_G

 

[Bronte]

We have orders to buy around the pivot point....that's a Low Open

 

[neo]

Open too high for my liking...have to wait for entry

 

[Bronte]

4920 Open Too High

 

[Ageo]

Short @ 4940 on the A200.

20 contracts

 

[Bronte]

Where will you enter neo?

 

[Bronte]

SPI is down on low volume 4912.....watch out