Australia Gold and ASX 200 Stock trading strategy (Ideas)
Market List
Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price. (When price moves below the entry price level.)
S&P/ASX 20 Index (AUD) : Ticker: AS26. The S&P/ASX 20 is designed to measure actively traded and highly liquid securities that are among the 20 largest securities listed on the ASX.
S&P/ASX 200 Index (ASX:XJO)
ASX = Australian Securities Exchange. Ticker: AS51. Currency : AUD. S&P/ASX 200 (XJO) is Australia’s leading share market index and contains the top 200 ASX listed companies by way of float-adjusted market capitalisation. In April 2000, it replaced the All Ordinaries to become Australia’s primary investment benchmark and accounts for 85% of the Australian equity market.
ASX SPI 200™ index futures (ASX: AP) : Commodity Code: AP. Contract unit: Valued at A$25 per index point (A$125,000 at 5,000 index points). Minimum Price Movement: One index point (A$25). Last Trading Day: 12.00pm on the third Thursday of the settlement month. Contract Months: March/June/September/December. Up to six quarter months ahead and nearest two non-quarterly expiry months. Trading Hours: 5.10pm to 8.00am and 9.50am to 4.30pm (Sydney time, when US non-daylight saving time).
ASX Mini SPI 200™ index futures (ASX: AM) : Commodity Code: AM. Contract unit: Valued at A$5 per index point (A$25,000 at 5,000 index points). Minimum Price Movement: One index point (A$5). Last Trading Day: 12.00pm on the third Thursday of the settlement month. Contract Months: March/June/September/December. Up to six quarter months ahead and nearest two non-quarterly expiry months. Trading Hours: 5.10pm to 8.00am and 9.50am to 4.30pm (Sydney time, when US non-daylight saving time).