Australian (ASX) Stock Market Forum

Trading the SPI

Had a quick scalp, bought 4943, sold 4945, looks like the discount is pushing out again, looking a bit bearish and im thinking bullish so will leave things alone.
 
Pretty good I think :)
 

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Still waiting, im in no rush - i have 2 other trades on anyway.

Short Gold and Short USDJPY

but lets see what this A200 can provide.
 
See we jumped back up from the 4908/9 area, took 3 attempts to finely break through that area yesterday, should be good support know.

Have only 1 trade today for + 2 points. but long in the Hang Seng as well, working full time cannot always be around when a good move comes along, maybe would have had the break of 39, maybe not as i was more of a bull than bear this moring and a tad uncertain.

Your support levels were good for a while this morning Bronte :) but when they gave way it was downhill all the way, know a probable resistance area.
 
Pager said:
Your support levels were good for a while this morning Bronte :) but when they gave way it was downhill all the way, know a probable resistance area.
Thank you Pager.
Never really felt comfortable with todays Support.
 
We have what looks like it could be a double bottom at 4905, which is right on the bottom of this big ol' trrend channel. Long at 4906- stop at 4895
 
Hehe! :)
Sorry professor.
I looked again and could see the D/Bottom
Didn't mean to burden you.
Thanks anyways :)
 
professor_frink said:
We have what looks like it could be a double bottom at 4905, which is right on the bottom of this big ol' trrend channel. Long at 4906- stop at 4895
Now 4911 +5 pts :)
 
professor_frink said:
Out at 4915. God that was a dull move. Like an elephant on Valium!

nice work Frink, just curious are you scalping or you trading swings? (i.e using trailing stops?)
 
Ageo said:
nice work Frink, just curious are you scalping or you trading swings? (i.e using trailing stops?)

Normally I'm looking for larger swings than the one I just got- took profits too early, but it was moving very slowly, and for some reason my data feed dropped out :confused: so I thought it prudent to bail quickly.
 
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