Trading the SPI

[neo]

I agree Pager,
I will be buying any open near/below the sycom close.
I think sycom was oversold!

 

[Bronte]

5028 Low
Wanted 5027 Doh!
Maybe later on....

Dow -42 Points
Sycom -36 Points
Now 5027 5010 Low
6.30AM Thursday morning
Woke up to +40 Points
LIVE TRADE +$1000

 

[Ageo]

Yep im feeling the same way, low open to buy into.

 

[onemore]

Hi BRONT/MAN

When you have a stoploss in place overnight on the SYCOM,and it gets hit. Do you get much slippage?
Or do you get filled close to your stoploss price?
Whats an average i would be looking at.

onemore

 

[Bronte]

Good morning onemore
We do not do a lot of sycom trading.
5027 was our target being one point above a previous Low
and of course a round $1000 plus a bit for brokerage
Traders usually see the Bid / Offer and take it.

 

[onemore]

If i have a stoploss inplace overnight (GAM), incase it gaps against me on open the next day,and my stop gets hit during the nightsession, what would on average be the slippage?

 

[Bronte]

This trade started off as a fun trade
I knew at some stage there would be a 'Sell Off"
& I had said that I would Sell 5067 on chat 1.27PM
So I did....regretted getting in too early.
As I posted it was only one contract.
My stops are usually very tight on....
"Gann Support / Resistance trades"
This wasn't one of them......
We also called 5048 as Gann Support earlier on.

I only took this trade after unfairly pushing Sensei to call a live trade
Sorry onemore, I do not know the answer to your question.

 

[onemore]

Bront/man

When you swing trade dont you have a stoploss in place overnight?

onemore

 

[Bronte]

Good morning onemore
We do not do a lot of sycom trading.
5027 was our target being one point above a previous Low
and of course a round $1000 plus a bit for brokerage
Traders usually see the Bid / Offer and take it.

As I say we do not do a lot of Sycom / Swing trading onemore.
Please read what is left of this thread.....& you will see

 

[Pager]

Opened at 34, so higher rather than lower, selling 32 for a quickie

 

[Pager]

out at 27, for + 5, will see how the cash opens

 

[Freddo]

If i have a stoploss inplace overnight (GAM), incase it gaps against me on open the next day,and my stop gets hit during the nightsession, what would on average be the slippage?

onemore,
I have never had slippage on my Sycom stops, however
when holding an overnight position I have never held more then
2 contracts. Also I don't get stopped out on a stop loss
on Sycom very often because I put my stops a looooooong
way away.

I use sycom for exits of trades as well and again yet (touch wood) to get slippage.

Regards

Freddo

 

[Pager]

Sold 23, stop at 35

 

[Freddo]

Anyone here care to share when they had slippage?
Have you found it to be related to number of contracts and or
action on the day?

Also lets say I have 2 systems ,1 averages 300 points a year
and the other 250 points a year.

Whats your opinion, would someone be better off trading 2 contracts
on system 1? or trading a single contract on each system?

 

[Ageo]

Short 20 contracts on the A200 @ 5040.

Stop is 20 points above.

 

[Pager]

Sycom slippage can be nasty, had 4/5/6/ points on more than a few occasions, im only a 1 or 2 lot trader also.

Day session every so often i pick up a point, sometimes 2 if the markets moving quickly.

 

[onemore]

Freddo,Pager

Thanks

 

[nat]

shorted a200 @5033 then in excitment hit the sell of another 4 @5035 instead of buy ,so short 8 on aussie 200,hope your right ageo Nathan

 

[Bronte]

Sold 23, stop at 35

Do you have a target?

 

[Pager]

stop into 22, at worst + 1 point this trade