Trading the SPI

[neo]

Hi Cameronsystems,
Couldn't get that link/web address to show up anything. Could you confirm the website please........ sounds interesting!
Thanks in advance.

 

[camronsystems]

Sorry .. the link is http://manipulators.spaces.live.com/

 

[Bobby]

I will explain my last post further as perhaps it might be of value to someone.

A CFD provider does not need to take brokerage fees from your account for SPI or related trading instruments as they make money from the spread, and that is a generous one, 3 points for IG and 5 points in the O/N market when last I looked.

This means if you get filled at the level you wish then you will pay $75 AUD (3 points) per contract in RT fees, this is why they can be so generous to you and not charge comms. Factor in slippage and you are giving yourself massive frictional costs to overcome.

I'm not aware who would trade this way other than the small speculator that simply doesn't know any better.

Hello Waysolid,

Who would you recommend to trade through and why ?

Cheers Bob.

 

[WaySolid]

Hello Waysolid,

Who would you recommend to trade through and why ?

Cheers Bob.

Do a search as this has been answered by Wayne and others on this forum. I don't want to recommend anyone personally.

I have a full service futures broker ($12.10 RT's per SPI contract) and electronic broker ($10 RT per SPI contract). Which shows the folly of trading such things through a CFD provider.

 

[Bobby]

. I don't want to recommend anyone personally.

I have a full service futures broker ($12.10 RT's per SPI contract) and electronic broker ($10 RT per SPI contract). Which shows the folly of trading such things through a CFD provider.

Thanks for the information so far, but no one knows who you or I am ! so why not say Who you deal through please ?

Regards Bob.

 

[It's Snake Pliskin]

Do a search as this has been answered by Wayne and others on this forum. I don't want to recommend anyone personally.

I have a full service futures broker ($12.10 RT's per SPI contract) and electronic broker ($10 RT per SPI contract). Which shows the folly of trading such things through a CFD provider.

That it would not be - a reccomendation. It`s all in the way it is worded.

 

[Ageo]

This means if you get filled at the level you wish then you will pay $75 AUD (3 points) per contract in RT fees, this is why they can be so generous to you and not charge comms. Factor in slippage and you are giving yourself massive frictional costs to overcome.

I'm not aware who would trade this way other than the small speculator that simply doesn't know any better.

2 pip spread on CMC for aussie200.

 

[Ageo]

dud day today?

looks like it.

 

[Freddo]

Sorry .. the link is http://manipulators.spaces.live.com/

Camronsystems thanks for the link I found it interesting.

From the site mentioned
================================================
The Australian market has no respect for technical analysis. Its a load of CRAP it doesnt work.
It might work for stock trading but not SPI trading.
I actively trade the SPI. I've left school and to this day still havent met anyone who has made money using technical analysis on the SPI.
==================================================


Whats that expression of Waynes? ... ROTFL
(rolling on the floor laughing)
..... I think he/she needs to get out more
I have met plenty of people using TA on the SPI and making money.

 

[porkpie324]

ok all u cfd nockers, first sorry for the delay in answering i'm a nz trader and was fast asleep resting on my large nickel CFD trade profits last night, we're 2 hrs ahead here.
i use cmc markets there is a 2 point spread and yes commission FREE, now i'm no expert on cfd providors but i have been trading shares for about 20years quite successfully, only using cfd's for 55 days and my a/c is up 120% and i have no open positions this morning, i no its early days but its a good start, i'm happy to answer any more queeries, porkpie

 

[professor_frink]

not much going on for me this morning. Just sitting on the sidelines ATM.

From the site mentioned
================================================
The Australian market has no respect for technical analysis. Its a load of CRAP it doesnt work.
It might work for stock trading but not SPI trading.
I actively trade the SPI. I've left school and to this day still havent met anyone who has made money using technical analysis on the SPI.
==================================================

I wonder what timeframe this person is referring to(day or position trading)? Seems like a slightly odd statement to make

 

[Poor_Grenville]

From the site mentioned
================================================
The Australian market has no respect for technical analysis. Its a load of CRAP it doesnt work.
It might work for stock trading but not SPI trading.
I actively trade the SPI. I've left school and to this day still havent met anyone who has made money using technical analysis on the SPI.
==================================================

Here are my thoughts on this person's blog:

He is obviosuly using Camron's system & software to trade, and looking
at Camron's web site, it's definately intrad-day trading.

Now, obviously this person has no grasp on any psychological aspect
of him self and his trading... this is easily demonstrated by accepting the
victim mentality i.e. they are manipulators in the SPI and they are
out to get us; TA does not work... well, the truth is, the market don't
give a hoot about what your views are - all it does is reflect aspects
of yourself that you need to work on.

Also, if a thing does not work FOR you, be it TA or voodoo or Gann, it
doesn't mean it will not work for everyone else. Maybe it's just you
who have not put in enough work to make it work FOR you!

Hope this post makes some sense ;-)

 

[Freddo]

Here are my thoughts on this person's blog:

He is obviosuly using Camron's system & software to trade, and looking
at Camron's web site, it's definately intrad-day trading.

Now, obviously this person has no grasp on any psychological aspect
of him self and his trading... this is easily demonstrated by accepting the
victim mentality i.e. they are manipulators in the SPI and they are
out to get us; TA does not work... well, the truth is, the market don't
give a hoot about what your views are - all it does is reflect aspects
of yourself that you need to work on.

Also, if a thing does not work FOR you, be it TA or voodoo or Gann, it
doesn't mean it will not work for everyone else. Maybe it's just you
who have not put in enough work to make it work FOR you!

Hope this post makes some sense ;-)

You post makes perfect sense to me !
Totally agree...

The Blog says a bit about ADR movements and thats about it.

I seem to recall the author is reported to be a 1000+ lot trader
maybe I'm very selfish but if I was a successful 1000+ lot SPI200
trader I sure as heck won't be giving my time away maintaining a blog
to help out other traders.

I'd be too busy in my penthouse counting the cash

 

[Ageo]

I'd be too busy in my penthouse counting the cash

with 2 topless waitresses serving you Premium label liqour ?



sounds like fun.

 

[Sensei]

with 2 topless waitresses serving you Premium label liqour ?

sounds like fun.

... always good to give a little back ... whether to society in general, yr chosen charity or individuals ... he has chosen to "assist" traders following his path ... if he indeed has made his "fortune" and his motives are genuine ... then his actions are commendable .......
ok I'll stop preaching for now!!

 

[Freddo]

... always good to give a little back ... whether to society in general, yr chosen charity or individuals ... he has chosen to "assist" traders following his path ... if he indeed has made his "fortune" and his motives are genuine ... then his actions are commendable .......
ok I'll stop preaching for now!!

Sensei you are right, any trades that profit over $1,000 I donate 10% to charity.

Sorry I was just being a skeptic with a dose of cheekiness thrown in ...

Now about these waitresses

 

[Sensei]

Sorry I was just being a skeptic with a dose of cheekiness thrown in ...
Now about these waitresses

lol ... i know ... the writing was between the lines ... now, where are those waitresses and make sure you tip well!! ...........

 

[Ageo]

i had a bucks night last sat that had 3 topless waitresses.

I was so annoyed because i had to stare at them all night

 

[Bronte]

O Dear! O Dear!
What has Wayne done?

 

[professor_frink]

O Dear! O Dear!
What has Wayne done?

I know Bronte isn't it shameful! Leave the boys to their own devices and the talk changes from trading index futures to talking about girls.

GENTLEMEN-SHAME ON YOU ALL