SPI reversal levels... I agree... but give me a chance...
- Thread starter Dukeman
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CanOz
Home runs feel good, but base hits pay bills!
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Will do.
from low 5132
target levels 5149, 5165, 5182, 5198,5231
high so far is 5146
if the market goes down possible low 5128 from 5146 but it might obviously go up more.
high was 5151 target one was 5149.
using the high 5151 level one short is 5132 low was 5136.
5151 = 5132, 5113, 5094 low was 5136
5136 = 5153, 5170, 5187 high was 5154
5154 = 5135, 5116 low was 5143 ... not close enough to trade.
5143 = 5161, 5179 high was 5163
5163 high = 5143, 5122, 5102 as low targets
all these price targets are calculated on a excel spread sheet.
5136 = 5153, 5170, 5187 high was 5154
5154 = 5135, 5116 low was 5143 ... not close enough to trade.
5143 = 5161, 5179 high was 5163
5163 high = 5143, 5122, 5102 as low targets
all these price targets are calculated on a excel spread sheet.
Trembling Hand
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Sowe had a high this morning of 5167.... How did you play that?
5163 high = 5143, 5122 low was 5146
5146 low = 5164, 5183 high was 5166
5166 high = 5145,5125,5104,5083,5062,5041
price stalled at 5146 and rellied 8 points
price stopped at 5120 and rallied 11 points
if low holds 5120 = 5135, 5150 high so far 5131
Now to be honest... I have this tool... just need to work out the best way to use it.
I am thing trader girl style... seems if I enter +1 before target price I can pick up 5points close to every time.
Trending markets are more difficult. Great for picking reversals.
anyway i will keep posting for a while... not interest in being hasseled to much... if your not interested then bugger off. other wise all good.
cheers
At the moment I am using CMC platform and its crap. Cant get more than 4days 5min chart.
I need to get a chart that better any ideas?
Also if you want to look back at highs and low I will give you price targets.
I will have no idea what day etc you are looking at.
example you tell me 4795 long... I will give = 4819, 4844, 4868, 4893, 4917, 4941
cheers
I need to get a chart that better any ideas?
Also if you want to look back at highs and low I will give you price targets.
I will have no idea what day etc you are looking at.
example you tell me 4795 long... I will give = 4819, 4844, 4868, 4893, 4917, 4941
cheers
Trembling Hand
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Dude you are on a public forum if you don't want to be hassled I'd suggest posting something more than random numbers and what the SPI did. We can all see what it did how about what YOU did????
Country Lad
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That's a novel idea - make up a spreadsheet then annoy the crap out of us while you see if you can make it work. Why don't you just get back to us when you have worked it out.
Somebody earlier got it right I think, spamming.
You come here and annoy us with you gibberish and then tell us to bugger off?
Yes please
why would it be a spam?
high 5131 = 5115, 5098, 5082
As explained .... I have been working on this for quite some time.
I used too trade the SPI many years ago... obviously not with sucess.
Just so you know.. I have done all the saftey in the market courses, Myles Wilson Walker and others.
I took that info and created this.
I was looking for some help but i take the hint.
new ideas are not welcome...
your welome to delete.
high 5131 = 5115, 5098, 5082
As explained .... I have been working on this for quite some time.
I used too trade the SPI many years ago... obviously not with sucess.
Just so you know.. I have done all the saftey in the market courses, Myles Wilson Walker and others.
I took that info and created this.
I was looking for some help but i take the hint.
new ideas are not welcome...
your welome to delete.
CanOz
Home runs feel good, but base hits pay bills!
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New ideas certainly are welcome Dukes. This is however, a forum where learning and sharing is encouraged and you are not sharing your trading plan, nor are the members learning anything from the seemingly random numbers posted.
You should state your intent, your goals, a basic summary of how the system works.
We're not looking to glean the details but to contribute in a meaningful manner it would be good if we had some idea of what you are trying to achieve, the time frames you trade at, position sizing etc.
That's not asking too much is it?
CanOz
Trembling Hand
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Dude listen to everyone.... No one can make sense of random numbers. What you have put up is rubbish without example of how you use it.
CanOz
Home runs feel good, but base hits pay bills!
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Sort of sounds like this guy on another forum...
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lol at the DAX.
Ok, there's the bottom... wait, no, there's the bottom.... wait, no, there's the bottom.... oh f@#k... NOBOTTOM!!
Wouldn't you like to be a fly on the wall in some trading rooms
Ok, there's the bottom... wait, no, there's the bottom.... wait, no, there's the bottom.... oh f@#k... NOBOTTOM!!
Wouldn't you like to be a fly on the wall in some trading rooms
white_goodman
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edge is edge!!
Trembling Hand
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Dukeman, is this the system that you are using?
http://tradinglounge.com.au/MEMBERS/Education/UnderstandingSubLevels/tabid/563/Default.aspx
I have it in my notes and looked it up again after seeing your thread. Didn't have time to calculate your levels to see if they match.
http://tradinglounge.com.au/MEMBERS/Education/UnderstandingSubLevels/tabid/563/Default.aspx
I have it in my notes and looked it up again after seeing your thread. Didn't have time to calculate your levels to see if they match.
Sinner... no never seen that system before, I am sure nothing is completely new in this world but my levels are calculated using the high and low... they are not random numbers.
Here is the price action from today... I am sure i will get called everything under the sun, spamer comes to mind as one of the nicer comments. But I wanted to show what I was talking about to those that are interested.
if the number is ...... not in brackets ... 5043 for example then that is the actual high or low...numbers in brackets are my forcasted prices.... (5061)...(5039) for example.
my spread sheet... low on open = 5043... target price (5061)... high is 5059
5059 high target price = (5039) low 5040. Low 5034 = (5251) target high is 5048 and on it goes.
Low 5027 = targets 5043 and 5059... as the chart shows level one did not work but level two did. I very really use more than about 3 levels but some times it happens.
Yes you are trading agaisnt the trend... but I am also able to pick the major highs and lows... faliure rate is very low. Stop levels is also carfully calculated and is seldom used. If PA gets close I usually exit when PA get back to BE. Why take the risk when I can be close to the esact number.
Hope that helps explain my system.
All the best.
