Trading The SPI - NON-Gann Techniques

acouch said:

Wysiwyg,
i suggest you go here to learn about medianlines..
there is a lot to learn on this site, if you wish to take your time,
the world can be your oyster..
one of the best things of trading is the learning process, it is like an adventure,
so enjoy the ride, the markets are always there ..your money might not..
so learn your trade well

my chart is my design..but it comes from medianlines

http://www.marketgeometry.com

have a great day, and take care
ac

Click to expand...

Thanks acouch.I checked the site out, the book about Alan Andrews Pitchforks and Tim Morges Website which claims this ...

These techniques were used by Alan Andrews during the 1929 crash to make more than US $500 million [adjusted for inflation, that’s well over US $12 billion!]. We are facing the same market conditions now. Come take a Market Maps Seminar and let me teach you how to make money trading while the majority of the traders out there are struggling. The next seminar will be held Saturday January 17th, 2009 at 9 am CST via the internet.

Click to expand...

Another path, another technique, more learning.An ongoing process of which I`ve been building 100`s of hours over the last 6 months.

Thanks and good luck with your way.

nice clean chart..
ac

upddated road map
as you can see how LIS has been holding price down
not to say that it wont break to the upside..
but atm it is doing its job..
ac

chart end of trading day..
ac

acouch said:

one of the best things of trading is the learning process, it is like an adventure,

Click to expand...

well said

good morning all,

as we all know that sycom closed at midnight,
and as the road map is a 24 hr chart, it hasn't finished its cycle.
and i have found that when it doesn't finish its 24 hr cycle..it will continue on from the previous day..to do so...so hence yesterday's chart
as you can see also, though sycom was very quite..the LIS just was a brick wall for price...
have a great day , and good trades
ac

road map update, today's trading so far..
have a great day..
ac

She may have just put in the LOD at 3411. *fingers crossed*

Your chart was 3413, OMG you missed by 2 points..

Great charts Ac, keep them coming, and don't move threads.

Broadway said:

She may have just put in the LOD at 3411. *fingers crossed*

Your chart was 3413, OMG you missed by 2 points..

Great charts Ac, keep them coming, and don't move threads.

Click to expand...

hi Broadway,
yes all those nos are very strong nos..and usually price will bounce of them..and one will be the trend changer..
so it can start of a scalp, and end up lod ..
ac

updated chart..eod..
for sycom look at chart with all nos..
off the low of 11..the 42 pulled it up..
have a great evening..
ac

good morning all
today's road map
have a great day, and good trades
ac

acouch said:

good morning all
today's road map
have a great day, and good trades
ac

Click to expand...

3381

well, . . . hmmmm . . . . .
when does the book come out AC!?

James Austin said:

3381

well, . . . hmmmm . . . . .
when does the book come out AC!?

Click to expand...

haha James, i wouldnt know how to write it

hope you are trading well
ac

just a look how the road map has gone through the evening..
ac

good morning all
today's road map
have a great day and good trades
ac

Haven't been on this site since about September last year
just finished reading through this thread since then.
wow, plenty of good thoughts (and some funny arguments)

I've started looking a bit closer at the SPI this year, just on a sim. Battling a bit so far which is to be expected. Posting my daily results online (see sig) because it's an easy way to keep a diary.

Big up move this morning, will be interesting to see how it pans out this arvo

Not a bad day trading today.

Just a quick note on how I saw the day and my thought processes (yes, this really is how simple my thought processes are when I trade).

I was interested to see how cash opened, as SPI is too high relative to overseas markets based on the back of our commodity news linked with China recently, so I have been waiting for a big short.

But I could actually make out that there was quite a bit of buying pressure early in the DOM, just someone trying to push us up (hitting the asks with decent size). Got caught long the top of that choppy range early, but noticed a big seller come in to smash it down as BHP opened which looked like a dead dog so I cut and reverse and was lucky enough to get most of that early down move (at this point, was looking for the big running short and waiting for RIO to open to see if it would confirm). RIO opened (as you know, later than BHP due to the alphabetical staggered open), and headed north in a straight line which looked powerful, SPI made a double bottom and so I cut and reverse again to now be long. The buying was completely obvious so got a bit of the up move, not to mention, there was a gap above on the daily to close.

Never expected the breakout from the flag though so missed the second leg of the up move. However, got the short at the top (asks were refreshing and bids hitting into the asks looked to be a bit exhauseted). We then chopped around, making a higher low but then a lower high, so no real sign of strength or weakness either way. Tried to rally weakly at lunch, but false broke the high (short signal by itself) and once we made the double top at the false break level, with cash also hitting an important level and making a double top at that level itself, it was a great technical short (the SPI has been unusually technical lately). From then on, it was all lower highs and lower lows, albeit, very slowly and painfully.

That's all of the day I traded and my simple take on it. Nothing specific in the order book, just obvious buying and basic trend structure and technical set-ups on the chart, in correlation with the cash index and the leading stocks. No real look at Nikkei, Hang Seng or S&P, as the correlations have been blown out recently.

Cheers

MRC & Co said:

No real look at Nikkei, Hang Seng or S&P, as the correlations have been blown out recently.

Click to expand...

No ****!! Not unusual for me to have a long on the SPI, Short the K200 and scalping the HSI spread!! Messing with my little punch drunk brain :bonk:

On another note when did the day margins come back on IB ? will be able to swing that 200 lot on the K200 now

Great post Mr.C, an insightful peak into your day. Very interesting, would love to read more of it.

Cheers,


CanOz

eod chart..+ some syco
have a great evening
ac