Trading The SPI - NON-Gann Techniques

• 8 May 2008

• #2,001

julius

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support and resistance...

 

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• 9 May 2008

• #2,002

acouch

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

 

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• 13 May 2008

• #2,003

acouch

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good morning all,
todays road map
have a great day, and good trades
ac

 

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• 14 May 2008

• #2,004

acouch

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good morning all
today's road map, not much difference today,
as lis is still the same at 5850.
have a great day and good trades
ac

ps. lis = line in sand

 

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• 14 May 2008

• #2,005

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ddean

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Hey acouch

I know its probably a bit of a noob question but could you (or somebody else) please give a bit of insight on how to read these roadmaps and how they are used to determine possible trades.

Thanks

Dean

 

• 14 May 2008

• #2,006

acouch

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Hi Dean,

lis/line in sand tells you whether long/short

above lis which is 5850.today you would be long, and taking shorts only for scalps..
below lis you would be looking for shorts, unless scalping for a long..

the nos marked on the chart give you support/resistance as well..

so if you take a scalp in the other direction, quite often it can be a change in the trend for the day, but it must x the lis for trend change .

hope this helps explain it a little,
have a great day
ac

 

• 14 May 2008

• #2,007

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ddean

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Ahh....Ok so the LIS is similar to a pivot point. What sort of software do you use to get these screens?

 

• 14 May 2008

• #2,008

acouch

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no software to speak of dean, i set these charts at the start of the contract, and maintain them every morning, and takes me about 10/15 mins ..
the platform i use for those charts is
www.sierracharts.com
which is feed by ib..
hope that this is of some help
enjoy your evening
ac

 

• 15 May 2008

• #2,009

acouch

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good morning all
todays road map
have a great day, and good trades
ac

 

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• 16 May 2008

• #2,010

acouch

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

 

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• 17 May 2008

• #2,011

acouch

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good morning all
Monday's road map
have a great weekend
ac

 

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• 20 May 2008

• #2,012

Z

zenin

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acouch, No Roadmaps for the last few days? Hope everything is o.k. with You? Zenin

 

• 20 May 2008

• #2,013

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zenin

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Is it just me (newbie), our was this downside expected for today? Just when i thought support was found, BANG!!! Down again and again!!

 

• 20 May 2008

• #2,014

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ddean

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Hey acouch

Thanks for your replies so far. I will pick your brain a little more as I am trying to get my head around strategies for intraday trading the SPI.

-I notice you use CCI. What timeframes do you use and what would normally trigger a potential trade?

-What sort of time frames do you trade the SPI generally?

Thanks in advance

Dean

 

• 20 May 2008

• #2,015

korrupt_1

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zenin said:

Is it just me (newbie), our was this downside expected for today? Just when i thought support was found, BANG!!! Down again and again!!

Click to expand...

i was expecting this downside today. usually downsides are more savage after a good strong performance the week before.

At these levels and the rate of gain lately, glad to see this pullback.

I'm hoping it would get back to as low as 5800 where real support should be found. Longs from there should be a good entry and R:R

 

• 20 May 2008

• #2,016

acouch

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zenin, i didnt post one today, as i thought that most where
over the road maps..as some don't want charts..as per oil
and as that is what i do.. i didn't want to upset the boat.
i will post again tomorrow
ac

 

• 20 May 2008

• #2,017

acouch

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ddean

there are two cci on chart..one is set at 50 the other is at 14..
the x if the +/- 100 will trigger a trade..

a 10tic and a 50 volume chart work well on the spi..
enjoy your evening
ac

 

• 20 May 2008

• #2,018

Z

zenin

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Thanks again for your feedback.

 

• 20 May 2008

• #2,019

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Ben

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acouch said:

ddean

there are two cci on chart..one is set at 50 the other is at 14..
the x if the +/- 100 will trigger a trade..

a 10tic and a 50 volume chart work well on the spi..
enjoy your evening
ac

Click to expand...

hi acouch, im a bit new and trying to develop my own strategies intra day trading SPI, would you mind explaining 'the x if the +/- 100 will trigger a trade', is it to do with the level of the CCI?

 

• 20 May 2008

• #2,020

acouch

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yes Ben,

the cci 14 x 100 is for more aggressive players,
but a safe trade is the 100x of the 50 cci.
take time to study..
enjoy your evening
ac