Bronte
Trading The SPI for 20+ years
- Joined
- 30 July 2005
- Posts
- 1,525
- Reactions
- 1
Directional Days are when the train leaves the station and keeps on moving........
If this is the case and the SPI has moved away from strong 'Support or Resistance'
then we move our stoplosses to 'Breakeven' sometimes taking some profit and reducing our contracts.
How many contracts do we Buy or Sell ?? This depends on the trade and level of: Risk:Reward
Time is very important in our analysis. We also consider Gaps, Double Top/Bottoms etc etc etc
Posted here at ASF this thread: Saturday afternoon: 22nd November 4.41pmWe have a timeframe this weekend, so we feel Monday will be even more difficult.
Interesting that China has cut its interest rates and world markets shoot upwards.
We will have a good think about your Q and post either tomorrow or early Monday morning.
If that is alright with you Wysiwyg ? What are your thoughts on the SPI closing the presumed 'Gap'?
If trading the SPI is all you do.
Far from it tech/a
I " work " because I love it.
Not because I have to.
And good luck to you Bronte.
Hate cruises.
Been on 3 too many.
Although I also own 3 Mules and a Goat.
Lol, have you tried your own yacht ? although you may need an ARK.
5389 High
5301 Now Down -88 Points
Hi Bronte and all,
For a beginning trader im a little confused at the trading range youve just mention in the quote below?
Im looking at the open at 09:50 of 5347, then the down move to the low of 5301 at 11:24 and then the rise to the end of RTH at 15:30 it got back to 5347.
In my (limited experience) isnt that a range of 46 points?
Where does the -88 come from? Another previous RTH trading periods high?
Sorry for the questions - i just dont understand what you are doing here and what relevance it has to todays action.
Also - what data feed do you use for your trading - just IB's internal one?
We have tried a few. IB's internal one is ok.
Cheers
Directional Days are when the train leaves the station and keeps on moving........
If this is the case and the SPI has moved away from strong 'Support or Resistance'
then we move our stoplosses to 'Breakeven' sometimes taking some profit and reducing our contracts.
How many contracts do we Buy or Sell ?? This depends on the trade and level of: Risk:Reward
Time is very important in our analysis. We also consider Gaps, Double Top/Bottoms etc etc etc
Depends on the 'Big Picture' Price action, Time, and if we are 'Day trading' or holding on.Bronte
How's the Directional day going? Not a Directional Day today tech/a
Was yesterday directional? Yes
Is today? No
Do you need 2 or three or more in a row?
Depends on the 'Big Picture' Price action, Time, and if we are 'Day trading' or holding on.
ie Trailing Stoploss and letting our profits grow.
Yes, the train leaves the station every day.....
I am just concentrating on 'Trading the SPI' Open here on this thread.
Twenty years of Trading the SPI
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