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Wanted - Australian SPI traders


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Wanted - Australian SPI traders

  #11 (permalink)
darcy13
sydney australia
 
Posts: 11 since Sep 2011
Thanks Given: 0
Thanks Received: 9

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
Platform: Ninjatrader
Broker: Mirus
Trading: FDAX
Posts: 139 since May 2010
Thanks Given: 150
Thanks Received: 94


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
Thanks Given: 0
Thanks Received: 0


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 Given: 108
Thanks Received: 188

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 Given: 108
Thanks Received: 188


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
Thanks Given: 0
Thanks Received: 0


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 Given: 108
Thanks Received: 188

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 Given: 29
Thanks Received: 1

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 Given: 10
Thanks Received: 9

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 Given: 169
Thanks Received: 465


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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