Trading The SPI - NON-Gann Techniques

• 21 November 2008

• #2,441

acouch

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good morning all
today,s road map
have a great day and good trades
ac
eod chart..
well price cut through support like a knife through soft butter,
next support on eod chart is at 2956, and if that should go the only other one i have left is at 2252
ac

 

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• 21 November 2008

• #2,442

MRC & Co

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Hope you SPI boys rode that with your ears pinned back! :bowser:

 

• 21 November 2008

• #2,443

acouch

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MRC & Co said:

Hope you SPI boys rode that with your ears pinned back! :bowser:

Click to expand...

above the lis it was a long..came back and tested it once..
lis is worth its weight in gold
ac ;-)

 

• 22 November 2008

• #2,444

acouch

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good morning all
Monday;s road map
have a great weekend and keep safe
ac

price close on sycom was 3535

 

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• 22 November 2008

• #2,445

acouch

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spi eod chart to keep you in the loop,
strong resistance at 3921,
have a great day
ac

 

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• 25 November 2008

• #2,446

acouch

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

 

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• 25 November 2008

• #2,447

MRC & Co

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Here is a tip from TH which I did not take heed.

On days where the SPI is very thin, with a lot of bids/asks being pulled, wide spreads, low volume - then trade off the charts.

Today, descending triangle, broke, retested the trendline and then bounced. Formed a bearish wedge, broke down to the target. Around lunch, there was a symmetrical triangle, which again broke to the target. Sorry, don't have the chart infront of me so this may not be exact, but remember watching it respecting trendlines, hitting pattern targets etc etc. VERY unusual for the SPI, but on days like today, may be extremelly useful for you SPI traders.

Hope this helps someone.

Cheers

 

• 25 November 2008

• #2,448

Rockon2

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Didnt get a trade on the Jo (xjo) all day,, crap patterns i thought,,
But caught the ride down on the FTSE late this arvo,, humdinger

I also caught the ride up on Jo Friday arvo,, that was a beauty, then just before our mkt closed went long on ftse and DJ .. TYMFTR hehe:

 

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• 26 November 2008

• #2,449

acouch

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

 

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• 26 November 2008

• #2,450

MRC & Co

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Today even dodgier than the last two.

Look at the downwards trend channel it is respecting on the one minute. Beautiful.

 

• 26 November 2008

• #2,451

Rockon2

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I only caught bits of the trade today... but here is the chart showing break and the measured patten..

 

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• 26 November 2008

• #2,452

MRC & Co

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Yes, well the one I am talking about is only in the morning. It is respected on both sides numerous times.

But that upbreak of the trendline before the break down, got me long!

That was vintage SPI.

Hope you caught the downleg rockon, unfortunately, I am not a position trader, and though it looked very weak, I didn't have the conviction to hold!

A decent day nonetheless.

 

• 27 November 2008

• #2,453

acouch

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

 

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• 29 November 2008

• #2,454

acouch

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

 

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• 1 December 2008

• #2,455

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Joolean

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Do any of you guys monitor the open interest on the spi and derive any useful info from it for day trading?

Jules.

 

• 1 December 2008

• #2,456

MRC & Co

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Joolean said:

Do any of you guys monitor the open interest on the spi and derive any useful info from it for day trading?

Jules.

Click to expand...

Personally, I don't.

I've heard TH mention it sometimes though, so he may, but unsure.

 

• 1 December 2008

• #2,457

Rockon2

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Joolean said:

Do any of you guys monitor the open interest on the spi and derive any useful info from it for day trading?

Jules.

Click to expand...

I cant get that info on IG mkts,,,,, wish i could ...


Did ok today ,, went long from the 3670 level and exited when it hit he 3690 level,, 15 points net. ty..

Interestingly though, i picked up on the pattern first from the actual xjo (webiress ) and not IG ...

 

• 1 December 2008

• #2,458

Trembling Hand

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SPI open interest available daily here,

http://www.asx.com.au/sfe/daily_monthly_reports.htm

 

• 1 December 2008

• #2,459

skyQuake

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Don't think u can get Open interest except for daily levels.

IG Cash and WebIress cash is different cause IG is pretty much just SPI - a few ticks, whereas webiress XJO cash is cash

 

• 2 December 2008

• #2,460

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Joolean

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Thanks all,

that was quick. You must just all be waiting for me to ask a question so you can pounce on it. No? Oh well.

I'm using historical tick data in simulation replays and was thinking of buying historical eod for the open interest information as it didn't come with my tick data. It's not expensive but was just wondering if it was worth it.
I think I'll get it and just monitor it anyway.

Well I didn't meet IB's minimum liquidity requirements (even though I've got the account opening capital and told them I'm only after a paper trading account) and eSignal don't provide market depth for the spi. Bollox!
No drama really, I'll just lie next time I apply.

For you dom privileged traders, is there much pulling of orders from the market or can you rely on the dom as a true indicator of the support/resistance at various bid/ask levels?
I.e. Will the big boys place a safety blanket of heavy bids to give the illusion of support only to pull the rug out and does this happen often enough to shake trust in the dom?

Hope you keep up your blog TH. I like your honesty.

Cheers,
Jules.