Trading The SPI - NON-Gann Techniques

[acouch]

good morning,
no point doing road map today, as chart is the same as yesterday..
lis is still at 4237..
have a great day,and good trades
ac

 

[MRC & Co]

This has got to be the worst day in the SPI yet! Spreads running, flicks, dribbling trends with no counter ticks to enter, trends with plenty of counter ticks to enter and then a bunch of flicks afterwards just to get you out again!

 

[acouch]

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

 

[acouch]

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

 

[Trembling Hand]

Bugger me!!! I picked the opening rise and rode all the way to the top very nicely.

BUT I didn't pick the roll over and taking out of yesterdays lows!!

 

[skyQuake]

Haha, I covered shorts too early, saw that flag on the 5min with the target wayyyy below lows... Cash failed a retest of its lows, doesn't look too good for our markets

 

[MRC & Co]

Yeh, what a weird day!

Hard to even get on the break to new lows as it was just flicks in a thin book!

Weird price action now, which way is it heading?

Forming a half azz descending triangle now with volume drying up nicely (then again, that tends to happen at this time of day), S&P coming off (but we have already come off a lot further). Little fakeout in a dead lunch period of that micro tripple bottom we already formed, cash forming a small flag.

Got a coin? Think I'll sit this out, either look for a break of that false break or for this to be a base forming intraday lows. Lot will probably depend on the S&P, have been following it over the last couple/few days.

 

[acouch]

good morning all
Mondat's road map
have a great weekend and take care
ac

 

[MRC & Co]

I gather you actually trade the SPI acouch.

What method do you use?

 

[Tinpusher]

Gents (and Ladies),

I lived in Canada for quite a few years until recently and day-traded the ES on the CME via Refco over there.

I've returned home, repatriated the money and would like to trade the SPI (and occasionally the ES if being up that late suits).

1. Can you recommend a broker (in Australia, I DO NOT WANT to keep an account in USD) that will let me trade the SPI regularly and the ES occasionally (Man Financial has been recommended?)?

2 Also a live streaming charting source that will give me the SPI and American Indices live.

Thank you in advance.

Tinny the Tube Sorter.

 

[acouch]

I gather you actually trade the SPI acouch.

What method do you use?

morning MRC,

yes i trade the spi and the euro..

for scalping i use a 10 tic, or a 1 range chart

for targets i use a bigger time frame range chart..
road map gives you the trend for the day,eg: what side price
is with LIS(orange line) and support/resistance
charts enclosed are from sierrachart, the other is a ft chart

ac

 

[acouch]

the never ending spi eod chart to keep you in the loop..
have a great day
ac

 

[MRC & Co]

Don't exactly understand, but thx acouch.

Tinpusher, IB is great for execution and if you don't mind minimal support from a broker then is perfect for what you want.

Charting, IB provides all the live data and a lot use either Amibroker or NinjaTrader from what I am aware.

 

[Tinpusher]

MRC & Co. Many thanks for the reply but isn't IB an account held is USD?
I don't want to hold anything in USD as I feel the 'flight to safety' to the USD will be rather short lived.

 

[acouch]

MRC & Co. Many thanks for the reply but isn't IB an account held is USD?
I don't want to hold anything in USD as I feel the 'flight to safety' to the USD will be rather short lived.

no you have a option to hold in aussie dollar
ac

 

[Tinpusher]

Thank you kindly gents.

 

[MRC & Co]

Thank you kindly gents.

No problems. All AUD, unless of course you are going to trade the S&P or another US instrument, then as with any broker, you will need to convert for the duration of the trade.

 

[Trembling Hand]

LOL sometimes this game is just to nice.

 

[MRC & Co]

LOL sometimes this game is just to nice.

lol, FREE MONEY!

 

[Broadway]

Anybody else amazed by whats happening in Asia today?

On top of serious losses already, Japan down 6-7%, Hong Kong 9-10%, Phillipines limit down 10% etc.

And Im not seeing any pros entering anywhere. Not the serious volume Ive seen on previous slides.

There's only so many 10 % down days left before we hit zero.

I wonder what happens then..