Trading the SPI

[professor_frink]

Was that your first SPI trade professor?

Not the first- been up and running since last week. Presently only using one monitor, so I don't want to be posting stuff in here whilst I have a trade on(especially in the mornings when it's a bit more volatile).

 

[Ageo]

Not the first- been up and running since last week. Presently only using one monitor, so I don't want to be posting stuff in here whilst I have a trade on(especially in the mornings when it's a bit more volatile).

thats why you have 2 screens

 

[professor_frink]

thats why you have 2 screens

It's definately on the to do list! Will be going to see the local computer dude when I get back from holidays next month

 

[Bronte]

I looked again and could see the D/Bottom
Didn't mean to burden you.

As soon as I posted requesting a chart, I thought....
Ooops! probably not a good idea, and deleted the post

 

[Bronte]

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

professors trade:SPI now back to 4915

 

[nat]

once ones had 2 screens one could never go back to just one ,once i saw how easy to set up to i thought why not 4 so another video card with tv out and some second hand monitors ,beutiful, mind you i do wonder some times having more charts up whether it helps or hinders my trading ,Nathan

 

[Bronte]

Not for me
One Big screen;one computer on my desk
Lots of hand drawn charts though.
It does make trading and posting difficult.
Although we do have other computers / screens

 

[Bronte]

Well look at that 3000 posts

 

[Bronte]

Out at 4915.

You did well to get out prof.
SPI now 4907
Coming off a Double Top
With the daily trend....down

 

[professor_frink]

You did well to get out prof.
SPI now 4907
Coming off a Double Top
With the daily trend....down

Seemed to be a logical enough point(well for me anyway ) for profit taking. 4915/16 was one of my pivot levels. I'd post a chart of the trade, but I lost my data feed for awhile, and it won't backfill it for me yet, so it's not accurate

I'll post it when/if I get the complete data

 

[Bronte]

Thanks.
4904 going into "Happy half Hour"

 

[mikeg]

Hi Bronte and others,

I am new to this SPI game, and am just starting to learn the charts etc.

I was looking at a 5 minute chart of the XJO and at 11am it started falling and levelled out at 11.30am for about a 20 point fall. The chart you posted also showed a fall, but that did not happen until 11.30am and broke support at 11.55am.

My question is does the XJO often proceed the charts that you use, and could it be a way of getting in early?

 

[Bronte]

Hi mikeg,
Welcome to 'Trading the SPI'
We are surprised to read in your post that there was
such a lag between the two.
All we ever use the XJO for is to see if there is a
Premium or Discount. (+ / - 40 or more)
Please let us know if you discover something.

 

[Bronte]

Todays 5 mins SPI:
(you may have to fill the gaps in)

 

[Pager]

Mikeg, you are looking at the cash market, the charts posted by Bronte are the futures.

Futures run at a discount or premium to the physical/Cash market (XJO), depending on dividends, time to expiry, sentiment etc.

People use all sorts of methods to trade.

Check out the SFE website it should help with any info, give you information about the Spi and answer your questions http://www.sfe.com.au/

 

[Bronte]

Are we due for an explosive move?

I really think that we are

 

[Bronte]

That's a good start
DOW + 132.4
SPI + 60

 

[professor_frink]

morning folks,

I have a weekly pivot @ 4973, and a daily @ 4980, market ended at 4974 o/n. If it opens around this level, I'll be looking for a trade on a break of this area.

That's providing that the ripping headache I have goes before then(no, I don't have a hangover ), otherwise, I might just go back to bed

 

[Ageo]

If it opens high, any1 have thoughts of shorts?

4980 on the A200 atm, if it opens upto 4990 or higher it might be worth a look.

I have to head out @ 10:15 anyway so i most likely wont place any trades.

 

[nat]

morning all ,i am thinking it will open high then go down til in synch with cash then rally ?Nat