Will start posting live trades from tomorrow. 11am ish each day.
Last night I opened long at 6190 in sycom closing at 6216 today so I have no open positions.
Weekly trend - UP
Daily trend - UP
Intraday trend - Remains UP
This journal will be a pictorial, and technical discussion of my
Trades. But in particular my rational explanations of how I analyse
The market to justify taking a trade. It will also act as a journal
Of my losers and winners - and my notes concerning those aspects such as rules followed...
It is often quoted that the SPI is "Opened by amateurs, closed by professionals"
My intention is to use this thread as a place for preopen SPI discussion.
Any / all market calls will be made before the SPI opens. 09:49:30
A maximum Stoploss of eight points will be used, at all times.
As a beginner trying to learn about day trading the SPI, I was watching the 1 minute spi chart from about 1:30 to 3pm today just watching how it behaves. It took off on an uptrend at about 2pm after a head and shoulders pattern developed between 12:30 and 1:45pm. Did anyone trade it today...