Wanted - Australian SPI traders - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Wanted - Australian SPI traders
Updated: Views / Replies:11,522 / 72
Created: by NW27 Attachments:10

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 10  
 
Thread Tools Search this Thread
 

Wanted - Australian SPI traders

  #21 (permalink)
Elite Member
Sydney
 
Futures Experience: Beginner
Platform: E signal
Broker/Data: AMP, Stage 5
Favorite Futures: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 24 received

lets kick start the SPI thread !

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 !!!!

Reply With Quote
 
  #22 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
Thanks: 45 given, 88 received

G'day Zen

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

Reply With Quote
The following user says Thank You to Johno1 for this post:
 
  #23 (permalink)
Elite Member
Sydney
 
Futures Experience: Beginner
Platform: E signal
Broker/Data: AMP, Stage 5
Favorite Futures: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 24 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?

Reply With Quote
 
  #24 (permalink)
Elite Member
Melbourne, Australia
 
Futures Experience: Advanced
Platform: Multicharts, Esignal, Amibroker
Broker/Data: CQG/AMP, IB, DTN-IQ Feed
Favorite Futures: SPI, EMD, CL, S
 
Posts: 39 since Oct 2013
Thanks: 5 given, 29 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.

Reply With Quote
 
  #25 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
Thanks: 45 given, 88 received


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

Reply With Quote
 
  #26 (permalink)
Elite Member
Sydney
 
Futures Experience: Beginner
Platform: E signal
Broker/Data: AMP, Stage 5
Favorite Futures: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 24 received

SPI from here on daily?

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....

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

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

Reply With Quote
 
  #27 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
Thanks: 45 given, 88 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....

http://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

Reply With Quote
 
  #28 (permalink)
Elite Member
Sydney
 
Futures Experience: Beginner
Platform: E signal
Broker/Data: AMP, Stage 5
Favorite Futures: AP -SFE; FESX; ES; 6A, 6N,6E,6B,6C,6J
 
Posts: 42 since Jul 2010
Thanks: 20 given, 24 received

Drawing Trend lines only.....


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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #29 (permalink)
Trading for Fun
Geelong Victoria
 
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
 
Posts: 113 since Jan 2015
Thanks: 45 given, 88 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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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

Reply With Quote
 
  #30 (permalink)
Elite Member
Brisbane, Queensland, Australia
 
Futures Experience: Advanced
Platform: NT8/JIGSAW
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
Favorite Futures: ZB/FGBL/GC/CL/HG/6J/6M/6B/FDAX/NQ
 
xiaosi's Avatar
 
Posts: 483 since Feb 2012
Thanks: 381 given, 440 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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Ummmm, there's a price there?

Reply With Quote

Reply



futures io > > > > Wanted - Australian SPI traders

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Australian futures day traders - who do you use? Twiddle Reviews of Brokers and Data Feeds 12 August 2nd, 2011 05:32 AM
Pats codes for Ninja Trader - SPI-200 don10 NinjaTrader 7 June 7th, 2011 07:01 AM
Australian Federal Election - on 21 August 2010 nanobiotech Off-Topic 3 August 20th, 2010 05:38 PM
Australian index Ords - question james58 Beginners and Introductions 9 August 3rd, 2010 05:18 AM
Australian Master Chef and Trading? Alan Traders Hideout 3 July 20th, 2009 09:13 AM


All times are GMT -4. The time now is 07:45 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 54.163.61.66