Australian (ASX) Stock Market Forum

Trading the SPI

Materials is moving back up and if it cross the MA's so will the A200 and thats when my trigger will be hit.

Just waiting
 
thanx for that ageo ,is good to try different ideas or c where ones coming from at times Nathan
 
Just for the record............SPI was at 4969
We called a short during a live chat session.
Did not take the trade.......now 4925
We gave a few good reasons :)
Eight members were present.
 

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Spitrader1,

Came back for a quick look at the market, it has gone down in a big way. Did you catch any of it?

MIT
 
Ageo said:
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'


what i said before open.

crazy eh
 
Bronte said:
No mit,
You saw our live call..
Too busy chatting :)

Sorry, I can't help you. I logged back in at around 12:45 but got called to lunch and a walk before it came back when I came back around 1:30 I could see that I came back at the end of the conversation. I tried to "scrollback" the conversation but it had timed me out. When I logged back in all of the messages had disappeared. I tried to scrollback but it seems to only let you scroll back 5 minutes.


Anyway my message was to spitrader who had scalped a few shorts already, I wondered if he got the big one.

MIT
 
mit said:
I'll just crank up my time machine and listen to you this time. :)


haha do you wanna go broke? :D

anywayz trailing stop got hit n my ASX trade.

Short yesterday @ 33.94 and closed @ 33.00

$520 net profit (not bad).

the A200 looks like its trying to breakout and rally but im not sure if its gonna happen.
 
looks like its setting up for a move even lower! :eek:


My 1st major support is @ 4920


let see if it holds (after todays trading i doubt it).
 
Yes the funds are coming back from their 2 hours lunches now. See what they do.

MIT
 
Ageo wrote:
> Short yesterday @ 33.94 and closed @ 33.00

What is this please? I'm curious what you're trading for 0.94 profit.
 
It has been an interesting week "Trading the SPI"
Thanks for all your input guys :)
A really great month in fact.
& we still have Monday.
 
Bronte said:
Just for the record............SPI was at 4969
We called a short during a live chat session.
Did not take the trade.......now 4925
We gave a few good reasons :)
Eight members were present.
It seems as though Joe can recall our little chat session.
Chat works very well Joe...Thank you for installing it :)
 
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