Trading The SPI - NON-Gann Techniques

[korrupt_1]

Korrupt in my humblest opinion thats just not going to cut it.

For once I totally agree with you.... if any Joe can pick a trend,.. we're all going to be filthy rich and not know what to do with it....

I just feel sorry for the poor guy... it's a shame that CFD providers allow such a mess to happen.

If that was me... I'd take the $3K and go buy as many scratchies or lottery ticket as you can... that way atleast you have a chance of some winnings... to keep on trying to trade will surely see that $3K disappear.

 

[acouch]

pretty hard to trade blind, and to me, that seems to be what has happened :-(

you have to think of trading as a profession..not some willy nilly fun park game


takes years to get it right, and then you can still get it wrong, but you have also learnt along the way, and have trade management well set in place.

as said before..lessons are expensive
ac

 

[acouch]

oops..someone just told me that i put road map under cfd's..dah!! here it is here now..sorry about that,
if someone wants to remove it from cfd's that would be great..thanks
ac

 

[MRC & Co]

I personally don't trade $25 contracts - I trade minis up to 4 at a time with top ups, and have a 10 point stop both ways.

lol, even 2 little minis (YMs) are nearly equal to one SPI contract. Let alone 4 minis at a time.

 

[Trembling Hand]

even 2 little minis (YMs) are nearly equal to one SPI contract. Let alone 4 minis at a time.

I think he is talking about mini CFDs not Futs which are $5 or $1 per tick depending on broker.

 

[MRC & Co]

I think he is talking about mini CFDs not Futs which are $5 or $1 per tick depending on broker.

Ah k, I get it.

BTW, does anybody here actually trade using spreads at all? Commodity, calendar, inter-market?

Not including option credit/debit spreads, which I know Chops loves!

 

[AlexanderPop]

The only way i believe you can trade the spi consitantly is scalps intra day.

 

[Trembling Hand]

The only way i believe you can trade the spi consitantly is scalps intra day.

Why??

 

[acouch]

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

 

[Euler]

Watch trading levels @

*5079
5061
**5043
5013
***4982
4964
**4946
4916
*4885

for today.

 

[rossw]

i hope some of you guys who do this full time are enjoying today
the 5min chart i'm watching is near vertical for about 110 points down (except for that slight bounce around 4950)

 

[Trembling Hand]

i hope some of you guys who do this full time are enjoying today
the 5min chart i'm watching is near vertical for about 110 points down (except for that slight bounce around 4950)

Funny thing is I don't like trending days. Always prefer chop. Most of my setups are fades rather than breakouts.

 

[acouch]

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

 

[Euler]

Watch trading levels @

*5042
4992
**4942
4916
***4890
4840
**4790
4764
*4738

for today.

.... and just when you thought we had seen the bottom, someone comes and spoils the party...

quote "The International Monetery Fund said there is no end in sight
to the housing slump .... "

 

[acouch]

just thought i would post this chart..as you can see support held here for today
ac

 

[korrupt_1]

LOL acouch... your chart looks like my atari video game console graphics!!

 

[acouch]

hahaha, makes life interesting

 

[Trembling Hand]

looks like my atari video game console

Who said trading the SPI was anything other than the ultimate Vid game!!

 

[nat]

Hi acouch ,are they similar to frank d timeframes ,how long did it take to get used to fibionacca trading software i looked at demo once but couldnt work it out ,,, i use diff time frames to look for various supp and res and such things but with a few charts ,would be good to be able to do it on one chart ,

SO how do you trade with this are you looking for a bounce to a diff time frame then look for next level down combined with your road map ? Nathan

 

[nat]

Hi to anyone out there ,wondering thoughts on vol trading spi ,as i dont have it on my charts i am actually get by alright without it just looking at price actionim finding ,one day am going to get charts with vol maybe but wondering if willl hinder me as getting used to trading without it ,,,

Thoughts anyone ,What percentage of your trading the spi do you place on vol ?

NAthan