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Wanted - Australian SPI traders


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Wanted - Australian SPI traders

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  #1 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received

Hi All,

I was looking for some fellow SPI traders that might be interetsed in sharing chit chat, ideas etc.
By the SPI, I'm referring to the actual futures market ie currently APM1.

They seem to be few and far between

As an insight into myself, I'm trading the SPI on 5min charts using an Interactivebroker datafeed and Multicharts software for charting and trading.

Looking forward to hearing from anybody.

Neil.

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  #2 (permalink)
 Rocketdog 
Newcastle Australia
 
Experience: Intermediate
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Hi Neil,

I don't know if you are stil interested in hearing from traders re the SPI. I've mainly concentrated on the S&P Eminis but may be interested in the SPI at some stage. I'm also located in Newcastle.

Steve

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  #3 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received


Thanks RocketDog,

No wonder the SPI is so thinly traded. There is only 2 people trading it.
Sorry, I got in front of myself. You are possibly looking at in for the future :0
Oh well, just me then.

Neil.

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  #4 (permalink)
 Rocketdog 
Newcastle Australia
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: 6E
 
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Posts: 60 since Jun 2011
Thanks: 98 given, 62 received

Hi Neil,

I'm probably hooked on the ES but would like to keep in contact. Is that OK with you.


Steve

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  #5 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received

No problem Steve,

Good to here from here.

Send me a PM if you want my normal email address.

Neil.

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  #6 (permalink)
garth
gold coast australia
 
 
Posts: 1 since Aug 2011
Thanks: 0 given, 0 received

hey Neil, Steve if your still around...

im learning the SPI at present, paper trading until im ready to go live.
want to concentrate on the day session.
made 20pts today (long, one trade)
i have a vague idea of a system that will play around with and attempt to formulate more extensively.
100% technical.
i am aiming for 20pts a day, if i get signals i can use.
if i get a win i will quit for the day.
if i get a loss initially, will try again until target is reached or day is done.
i want to try and get a nice simple set of rules to use....



cheers

Garth

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  #7 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received

Hi Garth,

Steve and I are still around. Although, I've just returned from overseas and still playing catchup.
Steve, trades the ES and possibly the E6 but at least he is a local Aussie :-) Me, I'm just looking at the SPI.

Just had a look at the 17th of August where you did the Long 20pt trade.
Would you mind sharing some details of how you trade.
Ie
Platform & Broker?
Time frame - 5min bars?
When you took the trade and why?
Why did you exit?

Perhaps we can share some insights into the anatomy of the SPI.

Neil.

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  #8 (permalink)
 Twiddle 
Sydney, Australia
 
Experience: Beginner
Platform: Ninjatrader
Broker: Mirus
Trading: FDAX
 
Posts: 139 since May 2010
Thanks: 150 given, 94 received

I am in Sydney and have dabbled with trading the SPI using CFDs. Not really a good move considering the tricks the broker can play with CFDs. I would like to trade it with futures but I just opened an account with Mirus, who don't support the contract. Also, I trade at night, after I get home from my day job, and the volume is so thin then I don't think it is worth it.

From what I have observed, it is a fairly easy market to read. It often trades in a channel and povides good opportunities for breakout trades, and also usually shows its cards fairly early on providing a good opportunity to jump on the trend.

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  #9 (permalink)
darcy13
sydney australia
 
 
Posts: 11 since Sep 2011
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HI all

Not sure if your still looking for people who trade the SPI , but would be happy to catch up with anyone who does for a chat and an exchange of idea's or what ever .

stuart

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  #10 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received


Hi Twiddle & Stuart,

Great to see that there are a couple of other people out there interested in this instrument.
@ Twiddle, you have to teach me a thing or two. I don't find the SPI very easy at all.
I'm trying to trade on 5min charts.

Stuart, Do you trade the actual SPI as opposed to CFD?
What time frame do you trade?

Neil.

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  #11 (permalink)
darcy13
sydney australia
 
 
Posts: 11 since Sep 2011
Thanks: 0 given, 9 received

HI Neil and others

I have tried trading the CFD version of the SPI , but I can't say it was all that successful , I would like to meet someone who does just though hear how they do it .

I trade using 3 charts , 3 minute, 5 minute and a 20 minute , the 5 minute is mostly what I use for entries and exits , but been known to give the 3 minute a run every now and then , and I have tried fighting the direction of the 20 minute chart but end up black and blue , so hopefully I have given that away as a mugs game !

But happy to discuss what I know, and learn what others have found out.

stuart

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  #12 (permalink)
 Twiddle 
Sydney, Australia
 
Experience: Beginner
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Broker: Mirus
Trading: FDAX
 
Posts: 139 since May 2010
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NW27 View Post
Hi Twiddle & Stuart,

Great to see that there are a couple of other people out there interested in this instrument.
@ Twiddle, you have to teach me a thing or two. I don't find the SPI very easy at all.
I'm trying to trade on 5min charts.

Stuart, Do you trade the actual SPI as opposed to CFD?
What time frame do you trade?

Neil.

Hi Neil,

I have not spent any more time with the SPI unfortunately. I trade after my day job when the volume if far to low for the SPI.

Best of luck with it.

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  #13 (permalink)
 rcampbell 
Toronto Ontario Canada
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
 
Posts: 3 since Dec 2011
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I would also like to catch up with SPI futures traders, I don't think there are too many that trade it.

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  #14 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received

Trading it right now .

Sent from my GT-I9100T using Tapatalk

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  #15 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received


rcampbell View Post
I would also like to catch up with SPI futures traders, I don't think there are too many that trade it.

Are we talking about the same SPI? The Australian SPI Futures contract.
Side note, I was born in Toronto Canada.
Give us a place to stand and a place to grow and we'll call this land ?

Neil.

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  #16 (permalink)
 rcampbell 
Toronto Ontario Canada
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
 
Posts: 3 since Dec 2011
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NW27 View Post
Are we talking about the same SPI? The Australian SPI Futures contract.
Side note, I was born in Toronto Canada.
Give us a place to stand and a place to grow and we'll call this land ?

Neil.

Ontario....a place to stand a place to grow...Ontaree...aree...aree....O!

I was actually born in Australia

Yes the SPI futures contract (not CFD). I'm trading it now too (as its after business hours here). I was hoping to find others in Toronto that trade it so we could meet up and trade together.

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  #17 (permalink)
 NW27 
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 186 received

OK. Long or Short.
I would go short at the moment.
4295 is a major resistance area at the moment but coming up from below is a MA trying to push it above.
We'll see who is stronger ???

But watch for the 20EMA on the 5min. This is a big player.
Target is 4282 ish

Neil.

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  #18 (permalink)
 TheBoy 
Bangkok, Thailand
 
Experience: Beginner
Platform: NinjaTrader
Broker: IB, Stage 5
Trading: Futures
 
Posts: 12 since Jun 2013
Thanks: 29 given, 1 received

Hi All,

An old thread so not sure if I this post will go un-noticed but worth a try. What's the Capital Gains Tax position for non-residents of Australia that trade either futures or stocks in Australia?

I'm based in Thailand, a British citizen, and am considering trading the ASE via IB - my US / global broker. However, I am struggling to find out whether I will be liable to Australian CGT on profits? I have no plan to even visit Australia - in any event it would be a 1-2 week holiday in the future.

Any information would be gratefully received.

TheBoy.

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  #19 (permalink)
 nodoji 
New York
 
Experience: Advanced
Platform: SC, TN
Trading: ES
 
Posts: 85 since Sep 2014
Thanks: 10 given, 9 received

Hey guys, is this dead or alive?

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  #20 (permalink)
 PeakGrowth 
Sydney, Australia
 
Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker: IB, IQFeed
Trading: ES, SPI, ASX stocks, options
 
Posts: 399 since Jun 2015
Thanks: 169 given, 463 received

Probably dead lol

I day traded SPI options, the swings can be incredible - and the way the MM's rip you off on the fills is pretty incredible too.

I honestly wouldn't recommend it.. the volumes are terrible and there are often gaps in the DOM during market hours. I've seen the thing move 20 points one way after someone slapped in a market order for 20 contracts.

Lunchtime chop is also terrible, it can have a 2-3 point range for a good 3 hours in a row, doing 50-60 contracts per bar on the 5 min chart...

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  #21 (permalink)
 Zentrader2010 
Sydney
 
Experience: Beginner
Platform: E signal
Broker: AMP, Stage 5
Trading: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 30 received

Hi all Aussie's and those interested,

I am a budding advanced student, not at Semi-Pro stage but gunning for it......
Wanting to chit-chat with other serious traders of the SPI contract ( Australian Share Price Index futures contract of top 200 Aussie shares)....It's $25 per point, with average moves of 50-100 points per day.....plenty of opportunity to make dosh. You can also start with $5 per point with a broker in Australia for newbies. I currently trade $10-$30 per point, mostly swing trade for 20-40 points per trade, or scalp for 10-20 points. My goal is to net 60-80 points per week, which I think is quite doable. I don't believe in risking much per trade, and I am looking for precise entries as a consequence. My edge is I am specializing in trading only the SPI and no other instrument, I use for macro -analysis Bryce Gimore's software to work out Gann swings in real time, and I follow Al Brooks for micro - analysis. I don't need any other indicator based methods. I am aggressive with my small account, I believe a trader worth his salt should be able to grow a small account fairly quickly, and multiply contracts traded to a point where he or she is making a considerable living from trading. I am very serious about being a Professional. I am not here to mentor, I am here to share methods and ideas with others. Not many trade this instrument (?), and that's ok with me, I don't care as long as I can trade it and make consistent money. The Aussie market is very sensitive to commodities and China news, but you don't need to follow that news I believe....just be good at reading 5 -15 minute technical charts. I am constantly making mistakes with my own method, and falling short of my envisaged potential - but as I'm serious about giving up my day job, I'm happy to expose my own weaknesses and accept valid criticism. That is why I am creating a Journal for my trading for all to scrutinize.
So I welcome any comments and hope we can get this thread up and running again.......lets do it traders !!!!

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  #22 (permalink)
Johno1
Geelong Victoria
 
 
Posts: 113 since Jan 2015
Thanks: 45 given, 90 received

Hi,
I'm a long time SPI trader(25yrs+ full time on and off) in both Options and Futures although, generally I am trading multiple international Futures Indexes. This time in, 3yrs full time as my sole source of income. It's been much easier to make good money since the pick up in volitility, after all that is what we trade, much better than just chipping away. If you are still around say hello.
Cheers John

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  #23 (permalink)
 Zentrader2010 
Sydney
 
Experience: Beginner
Platform: E signal
Broker: AMP, Stage 5
Trading: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 30 received


Johno1 View Post
Hi,
I'm a long time SPI trader(25yrs+ full time on and off) in both Options and Futures although, generally I am trading multiple international Futures Indexes. This time in, 3yrs full time as my sole source of income. It's been much easier to make good money since the pick up in volitility, after all that is what we trade, much better than just chipping away. If you are still around say hello.
Cheers John

Thank you for joining in John....I'm interested in your approach. What kind of trader are you? Shorter or longer time frames? Technical or otherwise? Do you get great satisfaction in being able to make a living solely from your trading? Any advice you can offer?

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  #24 (permalink)
 RADO 
Melbourne, Australia
 
Experience: Advanced
Platform: SC, TradingView
Broker: CQG/AMP, IB
Trading: SPI, EMD, CL, ZS
 
Posts: 52 since Oct 2013
Thanks: 13 given, 66 received

I'm a SPI trader also.

It's good to see other SPI traders on this site. I started trading the SPI in 2012 and was consistently profitable from the start, but that was after spending a couple of years actively trading ASX equities, I probably spent a year watching level II on the ASX equities market while at the same time trading CFD's and spot FX before I got started on the SPI. I've actual taken a break from trading this year, but when I am trading I'm mainly trading based on what I see in the DOM and volume profile on the 1 hour chart.

I find it useful to plot a 21 ema on the 1 hour chart as the SPI seems to always use it as a support level.

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  #25 (permalink)
Johno1
Geelong Victoria
 
 
Posts: 113 since Jan 2015
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Zentrader2010 View Post
Thank you for joining in John....I'm interested in your approach. What kind of trader are you? Shorter or longer time frames? Technical or otherwise? Do you get great satisfaction in being able to make a living solely from your trading? Any advice you can offer?

Hi Zentrader2010,
The markets determine my timeframe so it can be anywhere from hours to months and depending on whether I am trading futures or futures options, obviously the options are over a longer timeframe. I don't really use any TA/Charting, I rely on experience and observation, and have developed a business model that suits my personality and risk tolerances. When I was a young man I was overflowing with enthusiasm the markets taught me to be more restrained, these days it is what I do, I have always been a risk taker so trading suits my world view and keeps my attention. Advice, don't try to force the market and the real money is made in places and using methods where no one else is.
Cheers John

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  #26 (permalink)
 Zentrader2010 
Sydney
 
Experience: Beginner
Platform: E signal
Broker: AMP, Stage 5
Trading: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 30 received

Hi SPI traders,

I wanted to get some opinions about where to from here?

It seems to be forming a double top on the daily $XJO chart ( aussie top 200 stocks index).....

My take is that it's second day of correction, and it has taken out the last bull bars low today.
It could correct up to several bars lower to a target such as the 50 % retrace of the range up @ 5100,
or it could consolidate under the recent highs in a more side ways chop and make the 38 retrace only to @ 5150.
I do think it will break out UP and test the 50 retrace @ 5457 ( XJO) area in the not too distant future as that
is like half way of the big falls we saw in since the highs of March this year. So my current trading strategy revolves around those ideas....

https://www.evernote.com/l/Adle65Z0lcBJHY6-VQKedfj1iswkv4m94mw/

But I'm a day trader primarily and don't hold overnight positions......

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  #27 (permalink)
Johno1
Geelong Victoria
 
 
Posts: 113 since Jan 2015
Thanks: 45 given, 90 received


Zentrader2010 View Post
Hi SPI traders,

I wanted to get some opinions about where to from here?

It seems to be forming a double top on the daily $XJO chart ( aussie top 200 stocks index).....

My take is that it's second day of correction, and it has taken out the last bull bars low today.
It could correct up to several bars lower to a target such as the 50 % retrace of the range up @ 5100,
or it could consolidate under the recent highs in a more side ways chop and make the 38 retrace only to @ 5150.
I do think it will break out UP and test the 50 retrace @ 5457 ( XJO) area in the not too distant future as that
is like half way of the big falls we saw in since the highs of March this year. So my current trading strategy revolves around those ideas....

https://www.evernote.com/l/Adle65Z0lcBJHY6-VQKedfj1iswkv4m94mw/

But I'm a day trader primarily and don't hold overnight positions......

Sorry, can't be of any help here, over the years I have learnt that I don't posses any second sight abilities whatsoever.
Cheers John

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  #28 (permalink)
 Zentrader2010 
Sydney
 
Experience: Beginner
Platform: E signal
Broker: AMP, Stage 5
Trading: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 30 received


Johno1 View Post
Sorry, can't be of any help here, over the years I have learnt that I don't posses any second sight abilities whatsoever.
Cheers John

Hi, Interesting comment.....I was merely engaging some discussion on the current chart....so what methods to you use to trade in real time?

I'm going to post my first picture here, to show how I 'forcast' the market action to trade....I have thickend the two major trend lines that were relevant at the time I was looking for a reversal. I only trade the price action in real time, but I find these 'not rocket science' types of trend analysis give a common sense view of where to possbily look for a reversal price action .....have to start somewhere and that's how I do it. Anyway, I don't think there's anything wrong, only constructive to shoot the breeze to myself about possible scenarios and I try to look at the bullish as well as Bearish scenarios.


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  #29 (permalink)
Johno1
Geelong Victoria
 
 
Posts: 113 since Jan 2015
Thanks: 45 given, 90 received


Zentrader2010 View Post
Hi, Interesting comment.....I was merely engaging some discussion on the current chart....so what methods to you use to trade in real time?

I'm going to post my first picture here, to show how I 'forcast' the market action to trade....I have thickend the two major trend lines that were relevant at the time I was looking for a reversal. I only trade the price action in real time, but I find these 'not rocket science' types of trend analysis give a common sense view of where to possbily look for a reversal price action .....have to start somewhere and that's how I do it. Anyway, I don't think there's anything wrong, only constructive to shoot the breeze to myself about possible scenarios and I try to look at the bullish as well as Bearish scenarios.


Hi Zen,
I wasn't having a crack at you, I just consider charting to be no better than random entries, more often than not people just see what they want to see..

Cheers John

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  #30 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
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Zentrader2010 View Post
Hi, Interesting comment.....I was merely engaging some discussion on the current chart....so what methods to you use to trade in real time?

I'm going to post my first picture here, to show how I 'forcast' the market action to trade....I have thickend the two major trend lines that were relevant at the time I was looking for a reversal. I only trade the price action in real time, but I find these 'not rocket science' types of trend analysis give a common sense view of where to possbily look for a reversal price action .....have to start somewhere and that's how I do it. Anyway, I don't think there's anything wrong, only constructive to shoot the breeze to myself about possible scenarios and I try to look at the bullish as well as Bearish scenarios.



Ummmm, there's a price there?

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  #31 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
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Johno1 View Post
Hi Zen,
I wasn't having a crack at you, I just consider charting to be no better than random entries, more often than not people just see what they want to see..

Cheers John

Johno, there was a guy who lived up in far north QLD that used to trade similar to you....google 'Bulls and Bears' on Youtube....they called him Rambo on the floor of the SFE. Had a mate that used to go golfing with him, he just had the market in his head...

Millionaire several times over...ex Chicago pit trader. Maybe @tigertrader knows him....

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  #32 (permalink)
 RADO 
Melbourne, Australia
 
Experience: Advanced
Platform: SC, TradingView
Broker: CQG/AMP, IB
Trading: SPI, EMD, CL, ZS
 
Posts: 52 since Oct 2013
Thanks: 13 given, 66 received

weekly chart

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  #33 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
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xiaosi View Post
Johno, there was a guy who lived up in far north QLD that used to trade similar to you....google 'Bulls and Bears' on Youtube....they called him Rambo on the floor of the SFE. Had a mate that used to go golfing with him, he just had the market in his head...

Millionaire several times over...ex Chicago pit trader. Maybe @tigertrader knows him....

knew who you were talking about right away...john used to clear through eagle, which was originally goodman/manaster, which was owned by my friend ronny manaster. ron was an heir to the david berg hot dog fortune. ronny even had a gold replica of a hot dog on his desk. moultan used to take home very large positions and when asked if he was long or short something, would say that not only is he long, but so was ronny and the clearing firm. ronny and him would get into "discussions" about john's large positions, and i can still remember john defending himself to ronny about an untenable large position one day after the close. they were going back and forth, and john hilariously countered, that that unlike ronny, he wasn't born with a golden hot dog up his ass, and had to trade big and take risk. last time i saw moultan was at my friend scotty's wedding- we were all dressed to the nines(of course) and john showed up in sweat pants and a t-shirt.

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 xiaosi 
Brisbane, Queensland, Australia
 
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Lol...what a character he must have been..Rambo

I heard he emptied his MF Global account just days before they announced their troubles...several million, he'd gotten a little whisper that something wasn't right.

It's difficult for me to post YouTube links, but I highly recommend that video documentary, Bull and Bears....very enjoyable.

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Johno1
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xiaosi View Post
Johno, there was a guy who lived up in far north QLD that used to trade similar to you....google 'Bulls and Bears' on Youtube....they called him Rambo on the floor of the SFE. Had a mate that used to go golfing with him, he just had the market in his head...

Millionaire several times over...ex Chicago pit trader. Maybe @tigertrader knows him....

Hi xiaosi,
That is an excellent observation, you are the first person to ever make the connection. I adopted a similar style after watching John Moultan trading on the SFE back in the 90s. In those days I would trade the SPI futures and write options on them as well as the FTSE100. The trading world is a very different one to how it was back then. One thing that hasn't changed is the volitility, you have got to love the opportunity.lol
Cheers John

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notrisky
Manly Australia
 
 
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Hello - Im an ES trader looking to diversify by daytrading SPI/mini (e.g. APH16). I currently use TS but since they don't support this contract, I was looking at Kinetick with Ninja.

I've emailed them to get a total monthly cost since I only need these 2 instruments but wonder if anyone has experience with this or similar NT providers.

Are Kinetick brokers also, allowing me to trade 'off the charts' or am I better off using another broker who supplies NT and a RTfeed? Any ideas?

Also, do volumes support daytrading IYO - it seems to be around 50K contracts/day at the moment - no competitor to ES for UK/US zone but comparable to ES in Asian session.

Sorry for all the questions but wd be appreciative for any answers/opinions - keen to link up to the local futures trading community.

Cheers
Paul

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 cowjuice 
Australia, NSW
 
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Hi Paul,

You could go with IB (Interactive Brokers) who do connect to NinjaTrader.
Their rates are reasonable, but no tick data available.
If you trade minute charts, then this should affect you.

Cheers,
Cow.

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pinozi
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Hi All

I'm a long time trader on the SPI and was looking at trying to get market profile, volume profile and footprint charts on the SPI

At the moment thinking of using esignal for the data feed and sierra charts to draw

Does anyone else here have any experience in using other programs like say market delta or ninja trader to trade the SPI and use studies like the ones I mentioned above?

Cheers

pinozi

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 mattz   is a Vendor
 
 
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pinozi View Post
Hi All

I'm a long time trader on the SPI and was looking at trying to get market profile, volume profile and footprint charts on the SPI


Cheers

pinozi

Try CQG with Sierra. Why pay such an expansive feed like eSignal?

Matt Z
Optimus Futures

There is a risk of loss in futures trading.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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 Neo1 
Christchurch, New Zealand
 
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Hi All

I'm a long time trader on the SPI and was looking at trying to get market profile, volume profile and footprint charts on the SPI

At the moment thinking of using esignal for the data feed and sierra charts to draw

Does anyone else here have any experience in using other programs like say market delta or ninja trader to trade the SPI and use studies like the ones I mentioned above?

Cheers

pinozi


Market profile, vol profile, footprints, VWAP + bands etc are easiest to configure in Sierra chart.

You should ask Sierra chart when they are going to start supporting ASX data through their native data feed....

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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 RADO 
Melbourne, Australia
 
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pinozi View Post
Hi All

I'm a long time trader on the SPI and was looking at trying to get market profile, volume profile and footprint charts on the SPI

At the moment thinking of using esignal for the data feed and sierra charts to draw

Does anyone else here have any experience in using other programs like say market delta or ninja trader to trade the SPI and use studies like the ones I mentioned above?

Cheers

pinozi

You could also try MC.Net they have very customisable charts that look very nice and crisp and also have both Volume profile and Volume Delta/Footprint, although I find that the Volume Delta/Footprint charts don't work to well on the SPI but they work well on the ES. I agree with Matzz, esignal is way overpriced not to mention Volume Delta comes at an additional cost on esignal.

Here's a pic of a Volume Profile chart on Multicharts


Here's a pic of some DOM's with Volume Profile on Multicharts.Net


My advice would be don't worry to much about volume delta/footprint charts if you want to master order flow trading I would recommend looking at Jigsawtrader which is now an add-on to MC.Net. This is just my personal opinion but I have spent alot of time looking at footprint charts and I think a platform like Jigsaw will give you way more of an advantage.

BTW These pics are compressed and look way nicer on the actual platform.

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homey
auckland, new zealand
 
 
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Hi Guys…I have a couple of newbie questions – I’m studying the SPI at the moment. How do you trade the SPI without stops? I just found out that the SFE only supports limit orders. I look at price action so my entries and exits rely on stop orders most of the time. Don’t you run the risk of not being filled on a limit order? And what would you suggest to be the best way to exit a losing trade without being able to use a stop loss?

I would also like to know anyone’s experience with AMP/CQG/Multicharts combo for tick charts. I would prefer Ninjatrader but Ninja brokerage doesn’t offer the SPI.

Any advice would be greatly appreciated!

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pinozi
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Thanks for the input guys

Looks like the easiest solution is to open an account with AMP and use their multicharts offer

What kind of brokerage do they charge for most contracts - I tried to find it on their site but you need to send an enquiry. I intend to start doing around 100 RTs per month

Also how is it trading the SPI through them in terms of execution? and also what kind of fees and mark ups do they charge when you have hold balances in AUD & USD?

Cheers

Pinozi

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 RADO 
Melbourne, Australia
 
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pinozi View Post
Thanks for the input guys

Looks like the easiest solution is to open an account with AMP and use their multicharts offer

What kind of brokerage do they charge for most contracts - I tried to find it on their site but you need to send an enquiry. I intend to start doing around 100 RTs per month

Also how is it trading the SPI through them in terms of execution? and also what kind of fees and mark ups do they charge when you have hold balances in AUD & USD?

Cheers

Pinozi

You will only get a tier based discount if your doing more than a 1,000 Round turns a month with AMP. But If your account is $10,000 a round turn on the SPI will cost around $3.04 which is pretty good when IB is $10 I think. With AMP in terms of cheapest cost it's best to have an account with minimum $10,000. CME market data bundle is $15 a month with AMP when SFE data alone with IB (interactive Brokers) is around $65 which includes Options, AMP does't offer Options or Spreads at all I don't think. Optimus offers Multicharts and from their website looks like they have ASX24/SFE might be worth having a chat to them.

AMP/CQG execution is good faster than Interactive Brokers.

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 RADO 
Melbourne, Australia
 
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homey View Post
Hi Guys…I have a couple of newbie questions – I’m studying the SPI at the moment. How do you trade the SPI without stops? I just found out that the SFE only supports limit orders. I look at price action so my entries and exits rely on stop orders most of the time. Don’t you run the risk of not being filled on a limit order? And what would you suggest to be the best way to exit a losing trade without being able to use a stop loss?

I would also like to know anyone’s experience with AMP/CQG/Multicharts combo for tick charts. I would prefer Ninjatrader but Ninja brokerage doesn’t offer the SPI.

Any advice would be greatly appreciated!

From what I know the actual exchange (ASX24/SFE) doesn't support stop orders.
But when you use a trading platform like TWS (Interactive Brokers) you can place stops on the actual platform that are held server side of the broker and than than executed as market orders on the exchange. So yes you can use stops, I always use stops with Futures.

If you are using a platform like Multicharts, Sierra Charts etc you can even place advanced order entry and exit orders like Breakout OCO oders with a trailing stops. You can do this because these platforms are connected to the broker and I think these days the orders you place on your platform are held sever side with the broker than executed as market orders on the exchange. I'm not a broker so I don't know the technicalities. But to answer your question yes you can place stop orders.

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 mattz   is a Vendor
 
 
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RADO View Post
Optimus offers Multicharts and from their website looks like they have ASX24/SFE might be worth having a chat to them.

Thanks for mentioning us. Yes, we can hook up SFE w/MC using CQG for $59 per month.

Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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 kickmic 
Melbourne, Victoria, Australia
 
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RADO View Post
.....you can place stops on the actual platform that are held server side of the broker and than than executed as market orders on the exchange. So yes you can use stops.......

agree

I trade the SPI with Interactive Brokers. I use NinjaTrader (NT) for charting and execution, including placing stop orders. I have a multi broker license for NT enabling first connection to data provider, second connection to IB to place orders from NT. Been using this combination for many years, works well.

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 kickmic 
Melbourne, Victoria, Australia
 
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homey View Post
HI would prefer Ninjatrader......

Any advice would be greatly appreciated!

Existing NT license holders can open AMP account, pay for SNFE data (CQG) and trade via NT

Interactive Brokers (IB) is the other option, again select a data feed of your choice, then connect NT to IB for order placement. No need to pay for an additional feed supplied by IB

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 kickmic 
Melbourne, Victoria, Australia
 
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pinozi View Post
........Does anyone else here have any experience in using other programs like say market delta or ninja trader to trade the SPI and use studies like the ones I mentioned above?

I have traded SPI for years using NinjaTrader. I don't bother with the DOM as frequently it's thinly traded.

I incorportated volume profile and cumulative delta using the Gomi tools available to futures.io members and other than that, I tend to ignore ETH session, and pay a lot of attention to levels as the SPI trades very technnically in that respect.

I review a bunch of my trades on my blog for examples of using studies - address in about me section

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homey
auckland, new zealand
 
 
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kickmic View Post
agree

I trade the SPI with Interactive Brokers. I use NinjaTrader (NT) for charting and execution, including placing stop orders. I have a multi broker license for NT enabling first connection to data provider, second connection to IB to place orders from NT. Been using this combination for many years, works well.

Thanks for your comments. I’ve been in touch with AMP futures the last couple of days trying to get clarification on order entries for the SPI. Basically, I was told to use limit orders only since the SFE doesn’t support stops. They did not want to mention whether or not I could place stops through Multicharts (which is the platform I’m looking to use since I don’t have an existing NT licence) that would be held on their server and executed as marketable orders on the exchange. They suggested that these would be rejected. However, after reading up on order types on the official Multicharts website for CQG broker profile, stop orders are ‘emulated locally in Multicharts’. What does this mean? My question is if I were to place a stop order in Multicharts, would it be sent to the exchange as a limit order (since it’s the only order type supported by the exchange) once prices reach the desired level or would it be rejected since it is not supported at the broker end? I think Interactive Brokers are different since they say they ‘simulate’ stop orders and submit the order to the exchange when it becomes marketable. It would be great to hear from anyone especially using AMP to trade the SPI via Multicharts/CQG feed.

My other noob question is about how orders are filled/executed. @RADO and @kickmic, since you place orders for the SPI, are they triggered based on the last trade price or the bid/ask price? For example, if you place a buy stop order, is it triggered once the ask price reaches that level? This is what is happening to me at the moment while I sim trade with a live account feed; however, when I was sim trading with a demo CQG feed, my trades were triggered according to the last trade price. I’m interested in this as the CME operates differently since it supports stop orders that are validated off the last trade price. So since I assume that orders for the SPI are off the bid/ask price, does this mean that you have to account for the spread and place the order accordingly? Would you suggest to have charts quoted off the bid, ask, or last trade price?

Is it also possible to obtain a CQG feed or any other for reliable tick data for the SPI and buy a new NT licence and use it with Interactive Brokers? I hear IB tick data is not so good…

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  #51 (permalink)
 kickmic 
Melbourne, Victoria, Australia
 
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homey View Post
I hear IB tick data is not so good…

IB require an account opening minimum of $10k USD equivalent, if you are not happy woth this, then IB is not an option

Also, and this is intended to be helpful:
I never enter the market based on resting stop entry orders. If you have relevent screen time and are good at reading the pace of the market then you can always enter at market. but mostly I enter using limit orders.

for stop losses - they are placed at that level where the reason for entering the market is clearly no longer valid, and at that point it's a case of just get out ASAP so its effectively a market order that you are executing. I wouldnt be concerned about much else, as long as you can get out and the quickest way to do that is a market order.
An experienced trader will often exit at a better price than the stop loss but that comes with screen time and that is often scratching a trade, not piss-farting around for the sake of a tick. If you a trying to save a tick by somehow working a limit order than a market order when executing a stop loss, then you are focusing on the wrong things.
Whoever you trade through, the differences you are focusing on are not going to be the difference in performance.

This option is the best I can suggest bsaed on my experience:
use Kinetick's data feed, no IB feed cost needed, but you will need a paid version of NT. This option will also enable you to monitor other markets using Kinetick's additional market feeds that will be included, and it is important part of trading, depending on your experience level.

The SPI is not a beginners market at $25 per tick and often poor liquidity, so its easy to drop ten ticks in a heartbeat. A couple of losing trades and before you know it you are down $700 - $1000.
Yes, there is now a micro SPI, but that is a complete waste of time as often there is no bid ask and it hardly trades.

Personally I would trade the the micro AUD, put up with poorer liquidity and shitty fills as cost of learning, build up from 1 to 2, to 3 extra contracts until you can then trade the full size AUDUSD. Those shitty fills will cost a hell of a lot less than if you start out on a full size contract because you will make heaps and heaps of mistales as that is part of the process. So better to have that expectation up front, and accept it as its the only way, and go for a small sized contract to minimise your learning equity draw.

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pinozi
Sydney, Australia
 
 
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So got the CQG feeding into Sierra Charts & Multicharts thanks to the suggestions here

Just wondering if anyone here has used footprint charts to trade the SPI?

I've got the volume delta bars going on Multicharts and the number bars going on Sierra for the SPI and have to say I've got no idea on how to use it

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pinozi
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Been using the volume imbalance footprints on the SPI over the last couple of weeks and have to say my initial reaction is that I think it does add some useful information to my trades. I'm not sure if its absolutely necessary though. Will need to have more trades under my belt to really know

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 cencored 
Australia
 
 
Posts: 49 since Oct 2015

Hi guys,
started looking at SPI bit more seriously (Thanks to Pinozi).
I'm currently looking at the demo feed of Ninjatraderbrokerage (via CQG) and would intend to trade it this way for convenience reasons (And the fact that I already have a live acount with NTB). T Anyone can comment on this? I assume it wouldn't be too different to AMP etc.

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 cowjuice 
Australia, NSW
 
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cencored View Post
Hi guys,
started looking at SPI bit more seriously (Thanks to Pinozi).
I'm currently looking at the demo feed of Ninjatraderbrokerage (via CQG) and would intend to trade it this way for convenience reasons (And the fact that I already have a live acount with NTB). T Anyone can comment on this? I assume it wouldn't be too different to AMP etc.

Hi Cencored,

Mate just wondering if you actually have the ability for live date for the SPI via NTB ?
I am also with NTB (for other markets) via Rithmic, But am using IB for my SPI trading as I didn't think NTB had ASX connection ?

Cheers,
Pauly.

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 cencored 
Australia
 
 
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Hi Cencored,

Mate just wondering if you actually have the ability for live date for the SPI via NTB ?
I am also with NTB (for other markets) via Rithmic, But am using IB for my SPI trading as I didn't think NTB had ASX connection ?

Cheers,
Pauly.

The demo feed shows it with NTB yes. I do not quite understand how tbh. Feed is from CQG. Check it out.
I will probably contact them about it. Happy to keep you updated.

UPDATE: Looks like they do with CQG: https://www.cqg.com/partners/exchanges/asx for $59.

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 xiaosi 
Brisbane, Queensland, Australia
 
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Going on my second week of watching the SPI and sim trading. Its a new market for me, so I'm starting over....I watch allot of the other local markets at the same time. I've got the three China markets up, HHI,HSI and XINA50, also the NKD. I've also got the ASX Tick and then all the inter-markets, HG, GC, CL, 6e,a,j and the ES and Bonds. Also the Aussie bonds.

Time of day quite critical, the opening of the China Markets, lunch etc.

Levels from the composite profile are handy, this mornings low was a tick below a low volume node.

Using Jigsaw and the Auction Vista for the first time on this market. There was allot to see this morning for anyone that has this product on the SPI. Happy to discuss the patterns we saw this morning before the reversal, but there were plenty of hints at someone accumulating a position. The spoofing stopped at 12:29 ish.

Anyone else trading the SPI today?

If you look close on the Auction Vista, you can see a large lot above the market, that pulls out and drops a level, pulls and drops, pulls and drops. Every time it does this, the liquidity on the bid drys up a little bit and occasionally the market falls 4-8 levels...there's been a buy at several of those levels.

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 Neo1 
Christchurch, New Zealand
 
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xiaosi View Post
Going on my second week of watching the SPI and sim trading. Its a new market for me, so I'm starting over....I watch allot of the other local markets at the same time. I've got the three China markets up, HHI,HSI and XINA50, also the NKD. I've also got the ASX Tick and then all the inter-markets, HG, GC, CL, 6e,a,j and the ES and Bonds. Also the Aussie bonds.

Time of day quite critical, the opening of the China Markets, lunch etc.

Levels from the composite profile are handy, this mornings low was a tick below a low volume node.

Using Jigsaw and the Auction Vista for the first time on this market. There was allot to see this morning for anyone that has this product on the SPI. Happy to discuss the patterns we saw this morning before the reversal, but there were plenty of hints at someone accumulating a position.

Anyone else trading the SPI today?

Who's your data provider?

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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 xiaosi 
Brisbane, Queensland, Australia
 
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Who's your data provider?

CQG, Sydney server. Well, for the SPI that is.

I use IB for the HKFE and SGX markets, and TT for most of the inter-markets.

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 Neo1 
Christchurch, New Zealand
 
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xiaosi View Post
CQG, Sydney server.

Do they provide NKD on the OSE ?

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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  #61 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
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Neo1 View Post
Do they provide NKD on the OSE ?

No, the NKD is only CME as far as i know. I'm with AMP and they only offer either CME NK, NKD or SGX NK

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 Neo1 
Christchurch, New Zealand
 
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xiaosi View Post
No, the NKD is only CME as far as i know. I'm with AMP and they only offer either CME NK, NKD or SGX NK

I've been dabbling with the Nikkei 225 mini on the OSE, I've got an E-signal feed for it, however, it's not much better than what IB offer.

I've thought about trading SPI. I'm looking at other instruments to trade during the Asian session.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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 cencored 
Australia
 
 
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Neo1 View Post
I've been dabbling with the Nikkei 225 mini on the OSE, I've got an E-signal feed for it, however, it's not much better than what IB offer.

I've thought about trading SPI. I'm looking at other instruments to trade during the Asian session.

I'm in the same boat. Apparently our best choices are SPI, KOSPI, HSI for Asia. I look at 6a as well but it's not moving every day in Asia.

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 xiaosi 
Brisbane, Queensland, Australia
 
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The SPI is winding up like a top here, nice consolidation pattern trapping lots of participants from both sides of the auction...almost time to shake a few out.

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 xiaosi 
Brisbane, Queensland, Australia
 
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Indeed the SPI broke out of its consolidation this morning after a brilliant shakeout at the prior LOD.

Some heavy selling on the close today would have provided a nice quick short before 16:30 and Miller Time

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 Neo1 
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Did the market sell off from there?

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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 xiaosi 
Brisbane, Queensland, Australia
 
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Neo1 View Post



Did the market sell off from there?

Not much more no, it rallied a few points into the close, then gapped open in sycom, then sold off another dozen handles and a bit, then rallied....

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 Marty087 
Sydney NSW Australia
 
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xiaosi View Post
Not much more no, it rallied a few points into the close, then gapped open in sycom, then sold off another dozen handles and a bit, then rallied....

Do you trade the SPI most days Xiaosi?

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 dalemissen 
Muswellbrook, NSW/Australia
 
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Following with interest. Im also from Newcastle as those were on first page of thread. Very much a newby and looking for markets to trade with a small very account. Was trading CFDs on the index but pulled out for now. Will follow this thread to learn more from you all.

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Pythalgo
Sydney NSW/Australia
 
 
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Hi All I am new here so be nice . Does anyone have Historical SPI 1 minute data for 2016 / 2017 they are will to share before I have to shell out to one of the usual places . I want to test an algo I have been working on that can hopefully predict the market direction at the open and scalp 20 plus points Cheers in advance

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Johno1
Geelong Victoria
 
 
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Pythalgo View Post
Hi All I am new here so be nice . Does anyone have Historical SPI 1 minute data for 2016 / 2017 they are will to share before I have to shell out to one of the usual places . I want to test an algo I have been working on that can hopefully predict the market direction at the open and scalp 20 plus points Cheers in advance

Having traded the SPI among other markets full time on and off since the early 90s I can tell you that this is going to be an interesting journey for you, it certainly has been for me.

Generally the SPI will begin it's move from the high/low of the previous day session or immediately after the afternoon cash close, often dramatically when it does, this may in fact be a reversal and usually indicating O/N direction.
Generally,once the early trend has been established, it will be flatish thru the evening and then start to accelerate in to the US open, it can be quite volitile thru the wee hours often providing the best O/N opportunities around 5-6am, bearing in mind that you are taking on more risk due to the wider O/N spreads and the fact that the market may very well be substantially if not fully priced by this stage, subjecting you to an even larger hit if the market gaps against you on the open. It will be virtually impossible to detect the potential negative outcome from a chart based analysis as this will be indicating the O/N trend, not what is coming on the open, flip a coin. Reversion strategies applied to these scenarious have the potential to cause much great sadness. The reason that I am saying this is that any move you catch will probably have an overall negative EV and will therefore eventuate as a waste of time. Meanwhile your losses are going to be swift and painful, how on earth can you apply a sensible stop to a potentially unknown gap scenario. Much smarter to start your trade from the High/Low of the previous session, you will either be kicked out of the trade early or usually have a decent paper profit buffer to help weather the open volitility.

But, as the say, "you never know until you give it a go", so good luck.

Cheers John

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Ozquant
Brisbane Queensland Australia
 
 
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Given the consistent daily ATR on Australian 200 i'm surprised more people dont trade it . Has great patterns , does 80% of daily range of opening swing reversal inside first 90 minutes most days . Hopefully a crew can develop here , as an XJO trader i havent found many others doing it . Daily ATR currently 1.1% , SPX hasnt been doing that in 2 weeks .....



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 numas 
Perth WA Australia
 
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Looks interesting. Quite the range this one..



*note to self*

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  #74 (permalink)
 Angelo1 
Adelaide Australia
 
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Hi all
we are all in the same time zone, so we have that in common

i'm wanting to create a group

anyone interested please pm me

wanting to spread the problems of trading into smaller manageable tasks

happy to openly chat about it to see what happens given this thread is losing its pulse

Angelo
safe trading

"If you believe you CAN, OR believe you CAN'T, you're RIGHT!"
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