Trading the SPI

[nat]

that was at 10.00 out now at 8@5031 ,lucky to get away with that ,another lesson learnt Nathan

 

[Pager]

out at 5019 for + 4 points time to reasses

 

[Bronte]

Phew!
Well done Pager

 

[Pager]

Do you have a target?

No Bronte, these are scalps, but iam always looking for the runner , wont look for a position until we break below 5010, or above 5040 (work permiting).

Have to log off and go back to the real world otherwise i wont get any work done, all current orders cancelled.

 

[Bronte]

Thanks Pager.
That was fun watching
Now 22/25

 

[Ageo]

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

haha dont hope for anything mate, in actual fact i hope for the worst all the time hehe.

5054 is the gravitation and targets today should be to 5003 1st major support level.

but who knows with this market.

 

[Realist]

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

Yeah and I bought AUM at 20 cents.
And sold at $10
LIVE TRADE +$1,000,000,000,000



Bronte, a live trade here is when you post a date stamped post and say "Buy so many at $xxx"

It is not logging in the next day and telling pork pies about what you supposedly did - that is too easy and irrelevant to everyone, even if it was true.

It is frustrating.

My punt, I'd buy the SPI long today at about 1:40pm....

 

[Bronte]

You are not following the thread Realist....
The trade was called LIVE in chat

 

[nat]

any one have any thougts on the fact that materials and finance sector are outside daily pivot support points ,im thinking they wont go too far out of the fence so to speak which means market mightnt drop to much further. maybe if it does it might go to ageos target then rally,Nathan

 

[Bronte]

Sold 5067 LIVE on chat
Does that count Wayne?

Verified by witnesses and Joe looked at the log 01.27PM
Now please go back to sleep.....err! work

 

[Ageo]

any one have any thougts on the fact that materials and finance sector are outside daily pivot support points ,im thinking they wont go too far out of the fence so to speak which means market mightnt drop to much further. maybe if it does it might go to ageos target then rally,Nathan

yep 1 thing that has worried me.

Materials and energy look to be rallying back up.

I might close this trade and wait for extra confirmation

EDIT: stop moved to 10 points away.

Ill give it a chance to see if it moves down.

 

[Realist]

You are not following the thread Realist....
The trade was called LIVE in chat

Same with my AUM trade of course...

 

[Ageo]

closed trade for a +3 point profit @ 5037.

Perhaps we might see a rally before another move down like yesterday?

 

[nat]

that would be nice ,im long 4@ 5037,getting impatient but ,,early lunch for them today,Nathan

 

[nat]

hoping for 5042 which is weekly res pp,c how it goes
Nathan

 

[nat]

out at 5032 bummer,Nathan

 

[Ageo]

energy and materials on the way back down again?

 

[Ageo]

i have a sore head hehe this market is just in its own world

 

[Ageo]

hehe you see what happens when you dont stick to your rules.

Oh well i never learn

A200 is 5019 now

 

[nat]

hope i didnt influence you ageo ,sometimes i wonder if i just had a 2 and 10 min chart of a200 i would do better,might try it next week c if improves my trading Nathan