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AUS200 Traders

  • #1
  • First Post: Sep 28, 2015 8:21pm Sep 28, 2015 8:21pm
Anyone else trading the AUS200 on FXCM during the Aussie morning session?

I'm interested to know if anyone else is successfully hitting the early volatility... so good, bad or indifferent, let me know.

Cheers.
  • #2
  • Oct 3, 2015 2:11am Oct 3, 2015 2:11am
Just opening a small account now for ASX and couple of other index markets.
  • #3
  • Oct 4, 2015 8:26pm Oct 4, 2015 8:26pm
  •  Analog
  • | Joined Nov 2010 | Status: Hold my beer and watch this... | 27 Posts
I have been thinking about trading the AUS200 CFD. I see that one of my brokers (IC Markets) offers it but I need to look further into the costs to evaluate whether it is viable.

I used to trade the SPI200 many years ago but at the time it was notoriously difficult to do so and consequently day traded some of the big ASX stocks instead.

Any views from anyone on the price action on the SPI200/AUS200 now and how tradeable it is?
  • #4
  • Oct 5, 2015 9:26pm Oct 5, 2015 9:26pm
It's a bit like the FTSE very slow some days and sometimes the moves happen in the outer hours.
Some days you have to be happy taking them 10 point or less profits.

Stocks to I follow are CBA, RIO and WES.
They offer good moves most days, 50 cent plus moves.
Just need to mix it up if you want to trade Australia everyday.
Could also add AUD/JPY or AUD/USD to the mix.
  • #5
  • Oct 5, 2015 10:19pm Oct 5, 2015 10:19pm
Quoting bustech
It's a bit like the FTSE very slow some days and sometimes the moves happen in the outer hours. Some days you have to be happy taking them 10 point or less profits. Stocks to I follow are CBA, RIO and WES. They offer good moves most days, 50 cent plus moves. Just need to mix it up if you want to trade Australia everyday. Could also add AUD/JPY or AUD/USD to the mix.
yip trade as200 futures a lot on a day trade basis
  • #6
  • Oct 6, 2015 5:45am Oct 6, 2015 5:45am
Quoting bustech
Just opening a small account now for ASX and couple of other index markets.
I quite like the fixed 1 point spread with no comms. As long as you're trading it when it's moving, it's not too hard to beat the spread.
  • #7
  • Oct 6, 2015 5:52am Oct 6, 2015 5:52am
Quoting Analog
I have been thinking about trading the AUS200 CFD. I see that one of my brokers (IC Markets) offers it but I need to look further into the costs to evaluate whether it is viable. I used to trade the SPI200 many years ago but at the time it was notoriously difficult to do so and consequently day traded some of the big ASX stocks instead. Any views from anyone on the price action on the SPI200/AUS200 now and how tradeable it is?
I'd only consider trading the open for a few hours (Aust 9:50am-midday). It can move at other times but it's unreliable and the spread jumps out to 2 points. You're better off looking at FX in the evenings. There's some nice little moves on the AUS200 most mornings if you're looking to grab a handful here and there.
  • #8
  • Oct 6, 2015 6:39pm Oct 6, 2015 6:39pm
Done most of my trades overnight and closed one at the open.
Market looks stuck around 5180 area now, not tradable for me

Have some buys in 5125 area and below and sells 5240 and above.
See if they play out in the next 24 hours.
Overseas futures are down now, so might hold the upside today.
Attached Image (click to enlarge)
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  • #9
  • Oct 6, 2015 7:14pm Oct 6, 2015 7:14pm
Quoting bustech
Done most of my trades overnight and closed one at the open. Market looks stuck around 5180 area now, not tradable for me Have some buys in 5125 area and below and sells 5240 and above. See if they play out in the next 24 hours.
Or you can ignore the mornings lol..... for the record I'm way more short-term than that - never plan my entries - momentum trades only. But whatever works I say
  • #10
  • Oct 6, 2015 7:38pm Oct 6, 2015 7:38pm
What do you look for on the opens? What style are you trading?
  • #11
  • Oct 8, 2015 5:13am Oct 8, 2015 5:13am
Quoting Bungarra
What do you look for on the opens? What style are you trading?
I don't look for anything in particular as I'm not interested in levels, trends, etc. Probably the only thing I look at before deciding to trade is volatility. If it's going nowhere, then I'll sit it out until it wakes up. Short moves, handfuls of pips, good leverage, day done.
  • #12
  • Oct 23, 2015 4:55am Oct 23, 2015 4:55am
I used to trade Australian200 cash on IG. Back then BHP was the biggest stock by weight (Market Cap) on the XJO at about 11%.
These days the "Big Four Banks" are the biggest 4. CBA being the biggest making up 8.81%. BHP is fifth on the list at 5.51%.
In fact Financials make up 45.3% by market cap weight of the XJO, followed by Materials at 14.1%.
  • #13
  • Aug 18, 2021 4:16pm Aug 18, 2021 4:16pm
Might be time to try shorting the AUS stock market

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-08-19_7-13-59.jpg Size: 263 KB
It takes a lot for me to IGNORE you, but you can try.
  • #14
  • Aug 19, 2021 9:21am Aug 19, 2021 9:21am
I think it has a fair bit to go down but without doubt a bullish trend. I would personally be waiting for it to correct and then buy
  • #15
  • Last Post: Aug 19, 2021 10:07pm Aug 19, 2021 10:07pm
Much the same as trading the US30 & US500. I prefer the US30 but AU200 is good 9am to 2pm Oz time.
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