Trading the SPI

[Bronte]

Hi mit,
The daygraph becomes our chart that we update by hand....tick by tick.
We have Live "Trading Platforms" so we can do our own Buying / Selling.
Market Analyser Pro. provides "Real Time Live Streaming Data"
MotorRola Orange PocketWatch provides slightly delayed data (8 / 10 seconds, I think)....so I can go shopping
The Man Financial Charts are approx. 15 to 20 minutes delayed.
I hope this answers your question

 

[Bronte]

Drifted down overnight.
Sycom -13
Dow -2.1

 

[mit]

Fine, I just assumed that you would get a live graph with you trading platform.

MIT

 

[Ageo]

Perhaps another day where the dow stagnated but the All Ords moves another 50-100 points?


Might be a sell off as people might take some profits.

'who knows'

 

[mit]

Trade what happens but maybe -

A small rally in the morning and profit taking in the afternoon.

MIT

 

[mit]

long at 4985

 

[Ageo]

ill wait for the MA crossover before i go long, but it seems to be pushing down.

 

[Bronte]

Early weekend for me.
I was a Seller this morning....
Anything around mid 4990's
Gann Resistance here.

 

[Sensei]

long at 4985

Gutsy call mit .... good luck ...

Tend towards Ageo view and wait for all the dust to settle, unless there is clear direction.

 

[Sensei]

Early weekend for me.
I was a Seller this morning....
Anything around mid 4990's
Gann Resistance here.

Bronte ... you sold mid90's??
Can you post closer to the time or straight after your entry so we don't get the impression it's after the event?
Apologies if I missed something.

 

[spitrader1]

Early weekend for me.
I was a Seller this morning....
Anything around mid 4990's
Gann Resistance here.

of course you were.....

 

[mit]

out at 4975

 

[Ageo]

My gravitation support level is 4969 aswell but materials is taking a beating so im not sure if it will hold.

Hopefully it gets smacked and then the fund managers buy back into it.

Remember there bonuses are coming up

 

[Bronte]

Hehe!
Sorry lads
I was ....meaning IF the market had traded around 4995
(mid 90's) I would have sold off my Gann Resistance.
Early weekend for me due to the market NOT trading here

 

[Bronte]

Early weekend for me.
I was a Seller this morning....
Anything around mid 4990's
Gann Resistance here.

The chart I posted clearly shows that the SPI had not traded in the mid 90's
Opened at 4981
High 4982
Now 4956 Low
Early weekend for me.....off shopping

 

[Sensei]

Anyone of the view that the selling is nearly exhausted and long from here?
... as long as it can push through mid60's

 

[Ageo]

Im feeling more bullish now, although im going to wait for confirmation. Hopefully if the fundies get in there they move that price up fast

 

[mit]

looks like a double bottom. We should move this to the chat room so as not to clutter up the forum

MIT

 

[nat]

Morning all ,,,hey ageo i was wondering if dont mind ,what ma crossover you using for direction on what time frame,for early warning and stops im using 6 ema and 22 ema on 2 min chart and 10 min chart Nathan

 

[Ageo]

Hi Nat,

Im using a weekly 5min chart, 5 & 20 day EMA's.

I find it works well with short term but thats just me.