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Wanted - Australian SPI traders
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Wanted - Australian SPI traders

  #51 (permalink)
Elite Member
Melbourne, Victoria, Australia
 
Futures Experience: None
Platform: TWS, NinjaTrader
Broker/Data: numerous
Favorite Futures: index and currency futures, stocks, options, warrants
 
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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for stop losses - they are placed at that level where the reason for entering the market is clearly no longer valid, and at that point it's a case of just get out ASAP so its effectively a market order that you are executing.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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  #52 (permalink)
Trading Apprentice
Sydney, Australia
 
Futures Experience: Intermediate
Platform: Sierra, Ninja
Favorite Futures: SPI
 
Posts: 6 since Apr 2015
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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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  #53 (permalink)
Trading Apprentice
Sydney, Australia
 
Futures Experience: Intermediate
Platform: Sierra, Ninja
Favorite Futures: SPI
 
Posts: 6 since Apr 2015
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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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  #54 (permalink)
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Sydney
 
Futures Experience: Advanced
Platform: Sierra all the way!
Broker/Data: AMP rocks
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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.


Last edited by cencored; April 3rd, 2016 at 06:50 AM.
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  #55 (permalink)
Elite Member
Australia, NSW
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: DAX, HSI, Gold
 
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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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  #56 (permalink)
Trading Apprentice
Sydney
 
Futures Experience: Advanced
Platform: Sierra all the way!
Broker/Data: AMP rocks
Favorite Futures: ES, CL, GC, 6J
 
Posts: 45 since Oct 2015
Thanks: 36 given, 11 received


cowjuice View Post
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: http://www.cqg.com/partners/exchanges/asx for $59.


Last edited by cencored; April 4th, 2016 at 03:55 AM.
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  #57 (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

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.

Attached Thumbnails
Wanted - Australian SPI traders-spi-06-16-250-volume-4_11_2016.jpg   Wanted - Australian SPI traders-spoofing-spi-into-buy-orders.jpg  

Last edited by xiaosi; April 11th, 2016 at 01:37 AM.
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  #58 (permalink)
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Christchurch, New Zealand
 
Futures Experience: Beginner
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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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  #59 (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
 
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Posts: 483 since Feb 2012
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Neo1 View Post
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.


Last edited by xiaosi; April 11th, 2016 at 01:32 AM.
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  #60 (permalink)
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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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