The SPI Pit

[Bearman52]

Have just caught up with the last few days of the forum and I sure as hell hope that all you guys are better at trading and making money from the markets than you are at debating(bitching) why can't some of you realise that there are many ways to take a profit from the market ,I know personally traders who make extremely large incomes from trading Gann methodologies as complex and esoteric as they may be , and people who make just as much using other methods.Who gives a Rats b### how they do it' they are probably taking your money while you think of a quibble to launch at Bronte/Batman or any body else who wants to voice an opinion as to what is the best or most tasteful or most politically correct or sporting way to make a living out of this arena into which we have thrown our lot.Very few ofthe posts would be of any help to anyone coming here for some education.Any of the methodologies discussed will work for the person who can get their head around and assimilate them into their way of thinking (personality)hey I know someone that trades using ONLY astrology and makes a comfortable living.
And really who cares if someone posts fictional trades they are are only fooling themselves ,because you/we should all be more focused on what we are doing in our trading businesses than what someone else is doing ,because ,lets face it all that I/WE all want to do is take all of your money off you!!!!
ZERO SUM GAME!!!!! Remember.
So why does'nt everybody get back to being less aggresive in their debate and maybe we will all take more money off the others who don't know and could care less that we exist (apart from to take our $$$$$S)
Yours In Profit
BM

 

[wayneL]

Re: Trading the SPI

Have just caught up with the last few days of the forum and I sure as hell hope that all you guys are better at trading and making money from the markets than you are at debating(bitching) why can't some of you realise that there are many ways to take a profit from the market ,I know personally traders who make extremely large incomes from trading Gann methodologies as complex and esoteric as they may be , and people who make just as much using other methods.Who gives a Rats b### how they do it' they are probably taking your money while you think of a quibble to launch at Bronte/Batman or any body else who wants to voice an opinion as to what is the best or most tasteful or most politically correct or sporting way to make a living out of this arena into which we have thrown our lot.Very few ofthe posts would be of any help to anyone coming here for some education.Any of the methodologies discussed will work for the person who can get their head around and assimilate them into their way of thinking (personality)hey I know someone that trades using ONLY astrology and makes a comfortable living.
And really who cares if someone posts fictional trades they are are only fooling themselves ,because you/we should all be more focused on what we are doing in our trading businesses than what someone else is doing ,because ,lets face it all that I/WE all want to do is take all of your money off you!!!!
ZERO SUM GAME!!!!! Remember.
So why does'nt everybody get back to being less aggresive in their debate and maybe we will all take more money off the others who don't know and could care less that we exist (apart from to take our $$$$$S)
Yours In Profit
BM

B-man

You have entirely missed the point of what is going on in this thread... looks are decieving, and it is up to you to read between the lines for the sub-plots and hidden agendas.

There are enough clues.

Have fun

 

[It's Snake Pliskin]

Re: Trading the SPI

Have just caught up with the last few days of the forum and I sure as hell hope that all you guys are better at trading and making money from the markets than you are at debating(bitching) why can't some of you realise that there are many ways to take a profit from the market ,I know personally traders who make extremely large incomes from trading Gann methodologies as complex and esoteric as they may be , and people who make just as much using other methods.Who gives a Rats b### how they do it' they are probably taking your money while you think of a quibble to launch at Bronte/Batman or any body else who wants to voice an opinion as to what is the best or most tasteful or most politically correct or sporting way to make a living out of this arena into which we have thrown our lot.Very few ofthe posts would be of any help to anyone coming here for some education.Any of the methodologies discussed will work for the person who can get their head around and assimilate them into their way of thinking (personality)hey I know someone that trades using ONLY astrology and makes a comfortable living.
And really who cares if someone posts fictional trades they are are only fooling themselves ,because you/we should all be more focused on what we are doing in our trading businesses than what someone else is doing ,because ,lets face it all that I/WE all want to do is take all of your money off you!!!!
ZERO SUM GAME!!!!! Remember.
So why does'nt everybody get back to being less aggresive in their debate and maybe we will all take more money off the others who don't know and could care less that we exist (apart from to take our $$$$$S)
Yours In Profit
BM

Bearman good to have you comment.

It is actually a minus sum game!

 

[barney]

Re: Trading the SPI

Have just caught up with the last few days of the forum and I sure as hell hope that all you guys are better at trading and making money from the markets than you are at debating(bitching) why can't some of you realise that there are many ways to take a profit from the market ,I know personally traders who make extremely large incomes from trading Gann methodologies as complex and esoteric as they may be , and people who make just as much using other methods.Who gives a Rats b### how they do it' they are probably taking your money while you think of a quibble to launch at Bronte/Batman or any body else who wants to voice an opinion as to what is the best or most tasteful or most politically correct or sporting way to make a living out of this arena into which we have thrown our lot.Very few ofthe posts would be of any help to anyone coming here for some education.Any of the methodologies discussed will work for the person who can get their head around and assimilate them into their way of thinking (personality)hey I know someone that trades using ONLY astrology and makes a comfortable living.
And really who cares if someone posts fictional trades they are are only fooling themselves ,because you/we should all be more focused on what we are doing in our trading businesses than what someone else is doing ,because ,lets face it all that I/WE all want to do is take all of your money off you!!!!
ZERO SUM GAME!!!!! Remember.
So why does'nt everybody get back to being less aggresive in their debate and maybe we will all take more money off the others who don't know and could care less that we exist (apart from to take our $$$$$S)
Yours In Profit
BM

Hey Bearman, My opinion on trading is inconsequential, but you seem like a "bear with a sore head!"

 

[Bronte]

Re: Trading the SPI

Bearman good to have you comment.

Thank you Bearman.

 

[wayneL]

Re: Trading the SPI

Thank you Bearman.

What are you thanking the Bman for?

 

[Bronte]

Re: Trading the SPI

Have just caught up with the last few days of the forum and I sure as hell hope that all you guys are better at trading and making money from the markets than you are at debating(bitching) why can't some of you realise that there are many ways to take a profit from the market ,I know personally traders who make extremely large incomes from trading Gann methodologies as complex and esoteric as they may be , and people who make just as much using other methods.Who gives a Rats b### how they do it' they are probably taking your money while you think of a quibble to launch at Bronte/Batman or any body else who wants to voice an opinion as to what is the best or most tasteful or most politically correct or sporting way to make a living out of this arena into which we have thrown our lot.Very few ofthe posts would be of any help to anyone coming here for some education.Any of the methodologies discussed will work for the person who can get their head around and assimilate them into their way of thinking (personality)hey I know someone that trades using ONLY astrology and makes a comfortable living.
And really who cares if someone posts fictional trades they are are only fooling themselves ,because you/we should all be more focused on what we are doing in our trading businesses than what someone else is doing ,because ,lets face it all that I/WE all want to do is take all of your money off you!!!!
ZERO SUM GAME!!!!! Remember.
So why does'nt everybody get back to being less aggresive in their debate and maybe we will all take more money off the others who don't know and could care less that we exist (apart from to take our $$$$$S)
Yours In Profit
BM

His comments Wayne...I agree and thank him

 

[wayneL]

BTW

I have split this off from the "Trading the SPI Thread"

All non trading SPI comment here please

Thanks

 

[Bronte]

BTW
I have split this off from the "Trading the SPI Thread"
All non trading SPI comment here please
Thanks

Very good idea Wayne

 

[sails]

BTW

I have split this off from the "Trading the SPI Thread"

All non trading SPI comment here please

Thanks

Good one, Wayne - very clever title!

 

[It's Snake Pliskin]

Wayne thanks for the photo before hear is mine :

http://www.bbc.co.uk/doctorwho/classic/episodeguide/terrorzygons/

 

[barney]

Wayne thanks for the photo before hear is mine :

http://www.bbc.co.uk/doctorwho/classic/episodeguide/terrorzygons/

A Doctor Who fan eh Snake?? Now I have even more respect for you!! :vader:

 

[sails]

Quote from "Trading the Spi" thread:

B-man

You have entirely missed the point of what is going on in this thread... looks are decieving, and it is up to you to read between the lines for the sub-plots and hidden agendas.

There are enough clues.
Have fun

So what have I missed?????? Haven't spotted any such clues yet

 

[wayneL]

Quote from "Trading the Spi" thread:


So what have I missed?????? Haven't spotted any such clues yet

Hi Margaret,

I probably deleted them

 

[sails]

Hi Margaret,

I probably deleted them

LOL - that's funny

 

[sails]

I have a funny feeling that the Bronte knockers are probably thinking (wrongly) that Bronte and I are working on this together.

Nothing could be further from the truth and I would like to state honestly that I do not know Bronte personally and am not communicating with her privately at this time. We had a couple of brief PM's around the middle of August, but nothing since then. So any posts from either of us that appear similar are completely independant.

My only reason for getting involved is that I don't like to see anyone copping unfair accusations - and I simply can't see what Bronte is doing wrong.

If they are providing a fee based education - is that a crime? Good grief, just found out the Index Select charge $150 per month and several others who post on these boards have services that they sell. I don't have a problem with that, but don't understand why the discrimination.

This is the reason I am trying to bring another point of view into these discussions and hopefully see some tolerance along the way

 

[It's Snake Pliskin]

A Doctor Who fan eh Snake?? Now I have even more respect for you!! :vader:

Barney if you are a Dr Who man then I have unqualified respect for you.

Wayne did you like my photo?

 

[Nick Radge]

Budfox,
To answer yoru question on intra day patterns, I have found plenty of interesting things. A Opening Range Breakout (ORB) of 10-points as you have suggested will not be a viable pattern. The volatility of the SPI is simply not enough and that pattern, on its own, will not provide an edge. Used with other patterns, then yes, it can certainly help out a lot.

I have also tested a "time" breakout, so rather than buying/selling opne +/- 10 points, I waited for 30-minutes to set a range then traded the breakout thereof. Again, the issue was that any trend day was usually resolved within that first 30-mins and you missed it. I found that if the SPI is going to go, its going to do it right from the get up.

You mentioned in your other post that the SPI had been down over the last 6-days. Now this is an area that you should investigate further. Without giving too much away, try trading against a 5-day weighted moving average. If its down, look for buying patterns. If its up, look for selling patterns.

Over the years I have found numerous patterns that operate well. I would say that the Hang Seng offers a lot more "bang for your buck" than the SPI will ever give. However, if you can get $1 comm's then these patterns in the SPI do offer a nice diverisfier to the Hang Seng.

Nick

 

[tech/a]

I have a funny feeling that the Bronte knockers are probably thinking (wrongly) that Bronte and I are working on this together.

Nothing could be further from the truth and I would like to state honestly that I do not know Bronte personally and am not communicating with her privately at this time. We had a couple of brief PM's around the middle of August, but nothing since then. So any posts from either of us that appear similar are completely independant.

My only reason for getting involved is that I don't like to see anyone copping unfair accusations - and I simply can't see what Bronte is doing wrong.

If they are providing a fee based education - is that a crime? Good grief, just found out the Index Select charge $150 per month and several others who post on these boards have services that they sell. I don't have a problem with that, but don't understand why the discrimination.

This is the reason I am trying to bring another point of view into these discussions and hopefully see some tolerance along the way

Well you have given out more information in your 4 posts in reply to me than any of those professing to be exponents of Gann have given out in the last 4 yrs.If they were as forth coming and didnt skirt issues with ambiguity,answering questions directly as you have then perhaps they wouldnt cop the flak they do!!

Without giving too much away, try trading against a 5-day weighted moving average. If its down, look for buying patterns. If its up, look for selling patterns.

Over the years I have found numerous patterns that operate well. I would say that the Hang Seng offers a lot more "bang for your buck" than the SPI will ever give. However, if you can get $1 comm's then these patterns in the SPI do offer a nice diverisfier to the Hang Seng.

Two more gems without giving away secrets.This is what people come here to pick up snippets of qualified (Read reasearched) pointers in the right direction.

 

[sails]

Well you have given out more information in your 4 posts in reply to me than any of those professing to be exponents of Gann have given out in the last 4 yrs.If they were as forth coming and didnt skirt issues with ambiguity,answering questions directly as you have then perhaps they wouldnt cop the flak they do!!

Tech/a - glad my posts have been helpful - one of them did take quite a long time to type up but happy to do it as I have also really appreciated the imput you have so freely given. However, I certainly don't have sufficient knowledge of the more advanced Gann methods to have called that 4966 level so confidently on the weekend. It actually held twice today giving 2 good intra day scalps on the buy side.

I'm trying to find the right words here so not to flare everything up again, but if the thread were titled "Gann Education", I would have to agree that it would not be right to post support and resistance levels without giving more detailed information, however, as the thread is titled "Trading the SPI" IMO it doesn't carry the same obligation to educate. This is where I was coming from - does that make sense?

Anyway, let me know if you are ever up on the Gold Coast and I would be happy to show you the Gann material I have here.