Trading the SPI

[Realist]

If the SPI is down overnight then I'm guessing it'll get going up at 10:02am tomorrow....

What is it doing??

Bronte, can you please post a graph?

 

[Bronte]

Having trouble loading the chart Realist

 

[Bronte]

Will keep trying to load a chart.
SPI opened at 4988
High 5017
Now 5014

It's a png file......tried saving as a pdf
Message I get: "File system directory is not writable."
Can you help us Joe please?

 

[Realist]

Having trouble loading the chart Realist

No problem.

I was right though wasn't I? :

any trades today Bronte?

 

[nat]

question for spi traders ,thinking of opening futures account ,any thoughts any one, good and bad on diff brokers ,interactive looks to be cheapest ,but are they reliable and what costs if computer or internet goes down if have to phone order in or cann one do that ,
Rung broker one they seem alright and no extra costs for phone orders but bit steep on comission,they said will negotiate if do a lot of contracts ,thats certainly not me at moment and 115$ for web iress a month , Nathan

 

[Bronte]

Hi nat, depends on what you require.
Cheapness, it would have to be IB;
If you always use Stoplosses, then no problem.

 

[Bronte]

I was right though wasn't I? :
any trades today Bronte?

Yes Realist, "Well done"
We bought 4987 @ 07:51:04

 

[Realist]

Yes Realist, "Well done"
We bought 4987 @ 07:51:04

You should be in for a good day then today, I suspect it will go up and up for a little while.

Do you ever hold overnight?

 

[Bronte]

Sometimes.
We might get chance to buy our Gann support again.
Now 4988

 

[Realist]

Yeah the ASX has taken a dip in the past hour.

Sept/October is going to be a rough 2 months I think...

 

[Bronte]

Bought 4987
Now 4991 +4

We have seen 4985 Low
That is me done for today
Lunchtime now
4992

 

[Realist]

Lunchtime now

I thought you lived in WA?

It is lunch time for me, but you gotta keep working for the next 2 hours...

 

[Bobby]

question for spi traders ,thinking of opening futures account ,any thoughts any one, good and bad on diff brokers ,interactive looks to be cheapest ,but are they reliable and what costs if computer or internet goes down if have to phone order in or cann one do that ,
Rung broker one they seem alright and no extra costs for phone orders but bit steep on comission,they said will negotiate if do a lot of contracts ,thats certainly not me at moment and 115$ for web iress a month , Nathan

Hello Nat,

I notice that IG Markets offer a mini contract on the SPI for $5 a point , their costs is a 3 point spread in there favour with no other costs for live data .
There is a 15 point minimum dis for GSLs & low margin of say $90 to play one mini overnight with a GSL, $5 x15 =$75 + 3 =$90.

Hope this may help your choise.

Bob.

 

[Joe Blow]

It's a png file......tried saving as a pdf
Message I get: "File system directory is not writable."
Can you help us Joe please?

Bronte,

Try attaching a chart now. It should work.

 

[Bronte]

We might get chance to buy our Gann support again.
Now 4988

Thank you Joe

 

[nat]

thanx for replies ,im with cmc at the moment they have 2 point spread and can just do 1 contract worth i $ up to what ever ,the problem with them is even thou the chart goes up and down the same as proper spi price the prices ar enever the same ,plus ive been doing a sfe practise simulator and only having 1 point spread im doing wat better ,so only one way to prove it and thats to do the proper futres .
Bob is ig markets reflecting the real price do you know ,if it is that would be great i think ,also i think they have dropped down to 2 point spread ,might have to look in to it ,maybe why ageo went to ig .Nathan

 

[Bobby]

Bob is ig markets reflecting the real price do you know ,if it is that would be great i think ,also i think they have dropped down to 2 point spread ,might have to look in to it ,maybe why ageo went to ig .Nathan

Nat they say they do follow real price, but offer the mid, after adding the 3 points.
They do have a 2 spread on share CFDS, & 3 points on futures.
Also offer DMA or MM.
No platform costs per month.

Bob.

 

[Bronte]

Just an update to see how our Gann Support is going
Todays "Happy half hour" should be interesting.

 

[Bronte]

New High 5018
Gap almost closed.

 

[Bronte]

Bought 4987
Now 4991 +4

We have seen 4985 Low
That is me done for today
Lunchtime now
4992

On todays daychart we gave 4987 as Gann Support
SPI opened at 4988 went down one point ....now 5017 +30
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