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Trading the ASX200 FUTURES
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Trading the ASX200 FUTURES

  #1 (permalink)
Elite Member
melbourne victoria australia
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: AUS200
 
Posts: 19 since Apr 2016
Thanks: 0 given, 3 received

Trading the ASX200 FUTURES

I live in Australia and trade the ASX200 FUTURES . Is there other traders also trading the ASX200 FUTURES? I would be interested in discussing the market.

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  #2 (permalink)
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  #3 (permalink)
Cuckold of the Market
Sydney, Australia
 
Futures Experience: Master
Platform: X_Trader + CQG
Favorite Futures: Aussie Bonds, U.S. Bonds, Emini ES, SPI, Nikkei, Yen, Euro, Gold, Oil, Fuck the Dax
 
s0mmi's Avatar
 
Posts: 4 since Oct 2016
Thanks: 0 given, 11 received


Yes I trade it but I hedge it with the S&P500 overnight. Also known as the 'spi-mini' spread. I've done that spread for about 4 years now.

Just a word of advice, my prop firm had "Australia's biggest spi day trader" in the SPI and he gave back his limits a few years ago. I think he recently got them back again but let me tell you, it took a lot of heart out of those who made their living on that from 2006-2011. We also had a guy who owned a few ferraris and used to trade only SPI back on the SFE Floor days in the 70's and 80's... and guess who got crushed in the past few years and ended up retiring?

If you are doing positional trades and trends on it then I guess that's Okay but then again you can trade any market with this nack for trends and breaks or whatever.

Most people who trade the SPI trade it like a complete spastic; a very common trade is to pyramid/martingale after 4pm and see where the ASX200 cash closes at 4:10pm, then try to make your living there. I don't like this type of averaging hard and going all-in so I avoid it.

There are a very, very few number of humans who participate in it outright successfully that I am aware of (every day). If anyone has any advice on what they can share I would love to hear.

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  #4 (permalink)
Elite Member
Sydney, NSW, Australia
 
Futures Experience: Beginner
Platform: Sierra Chart, Python, C#
Broker/Data: IB, Stage 5 Trading
Favorite Futures: MJNK, ASX, SPI
 
Posts: 69 since Jan 2014
Thanks: 67 given, 92 received

Nice insights s0mmi, cheers.

To-date I have mostly been systematic trading on US markets, I wanted to get into discretionary trading but not the midnight variety, been playing with some ideas via SPI CFD's while trading the Mini Nikkei (take a look at that if you don't end up on the SPI).

s0mmi makes a good point about hedging on the S&P 500, biggest difference I have found with our local market compared to US, our day session is very reactionary to over night movement compared to say ES where you can look for tests/re-tests and confirmations of night levels in the day session.

Our market might rip and go after a big US session, or just dry up and consolidate (most frustrating). But often never re-test prior day RTH levels.

I use volume/market profiling and find I have to use both day & night sessions to get a good picture and define my levels, where on ES you can just use RTH only.

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