Australian (ASX) Stock Market Forum

SPI reversal levels... I agree... but give me a chance...

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OK lets start.

SPI 07 mar
low 5086 looking to go short... or watch it fail and go long until next level.

resistance levels.

5086..... R levels long 5109, 5133, 5156, 5202
 
Re: SPI reversal levels... ... I agree ... but give me a chance...

5086.... 5109 and 5133 average = 5121... high 5123
OK this happens ... my guess is 20% of the time its not +/-3points to the actual number not the avarage.

high 5123 ... R levels short
5108,5092,5077,5062,5146,5031

low is ....5112. I had 5008. usually it better than that... this is live.

low 5112... R levels long = 5126,5140,5154,5182... only a major bull market will PA ever get to 5182
 
Re: SPI reversal levels... ... I agree ... but give me a chance...

5112 long

R targets = 5126,5140,5154,5182
high is 5135 before the run down.. (5126+5140 / 2 = 5133)

average again.... wont last.

5126, 5140 / 2 = 5133 high 5135

5135... forcasting short.
5135 short = 5118, 5101, 5084
low = 5103

Long R levels long 5102
5115, 5128,5142,5155
very unusual past target 3
 
Re: SPI reversal levels... ... I agree ... but give me a chance...

5102 long

5115, 5128, 5140, 5153, 5166

have a look how price reacted at these levels... yep its good.

5134 high... this is dragging on... where the price targets are averaging.
To be honest the average thing usually does not last this long.

5128, 5140 /2 = 5134.......

5134 short.... target prices are 5117, 5101, 5084
low is 5120... ok target one.
 
Re: SPI reversal levels... ... I agree ... but give me a chance...

Dukes mate, it could be that I've poured my second double rum 'n' coke already...but i haven't got the foggiest what you're on about?:confused:
 
5141 high.. if it holds

short targets 5123, look to go long.
next level... 5106.... 5088

if the high holds trade in to these prices and trade oput of them.

there are pips to be made at these levels.
 
if 5141 is broken..

target price is

5153 from the low 5102 ...4th number
5153 from low 5122 ..... second number

100% long from last swing long = 5102- 5134 from 5122 = 5151

avarge = 5152..

watch this price for now... trade in to it
 
Duke, you either come up with some explanation of what your trying to do or I'll delete this as some kind of spam....

No one can attempt to make head or tails out of this gibberish.


CanOz
 
add 5087.... major low.
high taget....5110, 5134, 5157...


5157... 5153... = 5155.. possible high?

long @ 5123
 
Fair point.

I am looking for help trading the SPI... and i have some thing to give.

sorry for the ****.
 
ok to add ..

previous run (wave) short 5min.

5134-5122 = 12 points short

5141....- 12pips = 5129

5129 + 5123 /2 = 5126.low
 
remember. nothing is perfect... but an edge is an edge!@!!!

Let us know when you find one.

There are more levels there than the Empire State building.
Brilliant really. Your bound to peg one.

Still I can see a load more pivots so carry on.
 
No harm in you doing what you're doing mate, it just is a little tough to follow when we're getting a glimpse of the interior monologue.

What's the averages/second number ra ra?
 
sorry for my rambling... 5min chart... it was late here in NZ.

high was 5150.... my target long was 5153 from the low 5122
its a bit easier when i can see.

5122...... second number was 5153
5102....... forth number was 5153

these levels are calculated on a spread sheet... pure maths here. But I have worked out a rythum to the markets. I did this first on the forex Euro.. but it was +/-10 pips for accuracy. I traded the spi years ago and are pleased to be looking at it again. and I am able to get within +/-3pips for the highs and lows of the day.

works great in a sideways market but can go stright through resistance levels on a bull / bear market. it will still work but it might be target level 4 that works.

heee

take the new high 5150...... target lows are as follows....5131, 5113,5094, 5075
low was 5132.

now I am able to do this all day long...
 
sorry for my rambling... 5min chart... it was late here in NZ.

high was 5150.... my target long was 5153 from the low 5122
its a bit easier when i can see.

5122...... second number was 5153
5102....... forth number was 5153

these levels are calculated on a spread sheet... pure maths here. But I have worked out a rythum to the markets. I did this first on the forex Euro.. but it was +/-10 pips for accuracy. I traded the spi years ago and are pleased to be looking at it again. and I am able to get within +/-3pips for the highs and lows of the day.

works great in a sideways market but can go stright through resistance levels on a bull / bear market. it will still work but it might be target level 4 that works.

heee


take the new high 5150...... target lows are as follows....5131, 5113,5094, 5075
low was 5132.

now I am able to do this all day long...

Duke, can you post up a few charts with trading arrows so we can see the rhythms and waves etc.?
 
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