This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

SPI200 Chat - What will happen next?? *suspense music*

Jump to new

Never do market orders. They are toxic to profitability FULL STOP.:frown:

Yep bracket orders are auto.
 
Trembling Hand said:
Never do market orders. They are toxic to profitability FULL STOP.:frown:

Yep bracket orders are auto.
Click to expand...


wow..you got the limit order set to an automatic distance from the mkt or you enter it manually each time with auto stop/tp? how fast do you wanna be!?

...I have been using mkt orders, still trying to get my head around all the stuff one can do in booktrader, making your own buttons etc with auto everything...thanks btw
 
Auto settings are a complete pain in booktrader if you're trading multiple markets.

I'll often enter on a stop limit order, exit on a limit when I can, but often get stopped out first (I move it up aggressively).
 
Mr J said:
Auto settings are a complete pain in booktrader if you're trading multiple markets.
Click to expand...

Booktraders is useless not only if you trade say HSI and STW becasue of the points diff but also if you trade more than 1 contract.

I use ninja trader. Massively more customisable. Have a look,
 

Attachments

  • NT DOM.gif
    14.7 KB · Views: 453
  • NT DOM3.gif
    16.2 KB · Views: 456
Trembling Hand said:
LOL!!

Another one of those 400 tick HSI sweeps in an instant. Friggin bracket orders taking 30 when there is 400 on offer
Click to expand...

Yeh, looks like some panic in Asia today (well yesterday now it's past midnight). They sold it off on Monday in anticipation of a break down, then they got owned over-night and panicked out with strong expectations of Goldman (even poor ZEW and industrial production from Europe wouldn't keep the markets down).

But we ended with a buy the rumour sell the fact situation. Poor Asian instos are getting spun on their heads in this chop by the looks.
 

I think its got more to do with the correctly position pushing everyone off side. I mean who the hell would hit at market on a 1000 lot just to cover?? And that was what they were!!!!

They pretty much happen around the month high/lows, where all the stops are to farm. Todays was unusual but still it pushed the shorts over the 5 day high and mid month level. sure woulda hurt if you were short!!:angry:
 
Yeh, my guess would be a panick out and it caused stops to be triggered.

But you may be right, it may have just been stop searching. If so though, I have a feeling it would have traded downwards after settling, not back up.....
 
speaking of spikes intc just caused a Dow spike to 8800 with IG & high 8700's with CMC after the close. intc results exceeded expectations. perhaps the focus was put on GS news as a smokescreen for the main event
 
skyQuake said:
Also, is anyone else worried about that gap @ 3800?
Click to expand...

Some bad China GDP data and we will be there this afternoon!

China may fudge their data to get better iron ore prices... who knows.
 
Some chinese reports are already coming out +7.9 as opposed to +7.8

Also my contact in china (read: fisherman on the yangtze) thinks its a lot higher
 
Trembling Hand said:
Whatever its from (SPI v XJO diff) its not much of a leading indicator. Not this time
Click to expand...
Certainly not for short term day traders, the bears got burnt! Maybe a different story for long term investors.

The recent rise is similar to the one in early June, but since 12-June, XJO volume has been declining and today the SPI is still trading at a significant discount to the XJO.

What's your explanation for that?
 

Divs, capital returns, kinda of balances out.
 
Chris45 said:
Certainly not for short term day traders, the bears got burnt! Maybe a different story for long term investors.
Click to expand...
I think you have that completely the wrong way round mate. A daytrader wouldn't give a toss. Its the long term holders that it has off sided. The bears are all but 1 or 2 days of the last 9 months are now taking it in the neck.

Chris45 said:
The recent rise is similar to the one in early June, but since 12-June, XJO volume has been declining
Click to expand...
The volume picked up from Jan this year peaking at the end of June. A two week drop is hardly significant and if it was its still contradicting you. Its been a low volume pull back.
Chris45 said:
today the SPI is still trading at a significant discount to the XJO.

What's your explanation for that?
Click to expand...
Bit of confirmation bias here I think. We have given the MOST plausible explanation for the discount, divs & cap raising, but looks like you want to ignore that.

Maybe the open today will be the high for the next year, its possible, just don't think that your lower SPI to the XJO would be the reason considering the other explanations. A bit of the throwing a virgin in the volcano effect if a new bear starts today.

IMO.

Whats your?
 
Trembling Hand said:
A daytrader wouldn't give a toss.
Click to expand...
Fair enough. Maybe "short term day traders" wasn't the correct term. I was just going by the number of posts I've read recently elsewhere by people looking to go short and presumably then being stopped out. I'm not a day trader.

I didn't quite understand skyQuake's explanation of the SPI discount re dividends and capital raising, so could you please expand on that?

And, what's your view of market direction over the next few months? Are you of the opinion that March was the bottom and we are now in a new bull market? If so, how high do you think this current move will go before we see a significant retracement?

For what it's worth (probably 0) this current upmove seems to me to be running out of steam and may peak at around 4150-70.

Then again, we could be in a move similar to that in May-88 which could rise to 4650ish.

What do you think?
 
Chris45 said:
I didn't quite understand skyQuake's explanation of the SPI discount re dividends and capital raising, so could you please expand on that?
Click to expand...

If you are going to use an indicator would it not be a good idea to find out what the hell it is and how it works??

Futs don't pay divs the index does. Shares in the index will go ex-div bringing down the value of the index as the three months pass to align with the futs, by late Sep they will be the same.

Been bullish since early March. Not so bullish now but not yet Bearish.
 
I think after today's performance it should be shut down for good.

For crying out loud Night SPI is almost better than this...
 
You must log in or register to reply here.

Similar threads

May DDD 2025
2 3
Replies
56
Views
9K
ducati916
Electricity demand and data centres
Replies
15
Views
1K
farmerge
  • Poll
Financial Independence (Home Ownership, Super, Long Retirement) not possible for wage earners: What do we need and how do we get it?
11 12 13
Replies
258
Views
32K
Smurf1976
August 2025 DDD
2 3
Replies
54
Views
7K
ducati916
Fun with ChatGPT
2
Replies
24
Views
4K
SirRumpole
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...