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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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WTF was that day? Like 10,000 contracts up to 4pm and even a sh*t close. 
Does the sideways bear market with the occassional day of volatility begin?
Does the sideways bear market with the occassional day of volatility begin?
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Perhaps till the Obama inauguration. from what im reading on the net, everyone seems to be divided over whether his will be good or not.
God dam sideway market on oil all today.
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Well crude usually doesn't get heated until Europe and particularly the Europe/US overlap anyways.
SPI has been drying up all week after a few doing some business on Monday. Still not everyone back from holidays, so that would explain it to some extent, but it's still unusual. Perhaps non-farms had a big impact too. This should be a HUGE number, considering both the last figure and particularly the reaction. Any kind of better than expectations and we could get a HUGE rally?
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tech/a
No Ordinary Duck
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tech/a
No Ordinary Duck
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Currently 2 and 5 min
Getting used to the timeframes and these may not be what I settle on.
Just spending a bit of time reading each bar to see how it fares with my use of VSA.
Finding work and chart watching not conducive to good business so just feeling my way at the moment.
Noticed weekness at the 9.42 bar
This has followed through with a vert recient test for supply
at 10.11 on the 2 min chart.
Although not on the trade Id have been short from around 3613 looks weak and looks directionless.
Currently hard to churn a buck!
tech/a
No Ordinary Duck
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Volume spike down on 2 min chart
Looks like hidden buying so close short enter long.
Edit now that that bar is printed T/G has placed a buy alert on that next bar.
Stopping volume.
I really think today is a shocker I think it will churn!
How do guys like T/H peer at the screen all day!
Guess on these days Id be playing golf.
Anyway posting up a few as practice.
Looks like hidden buying so close short enter long.
Edit now that that bar is printed T/G has placed a buy alert on that next bar.
Stopping volume.
I really think today is a shocker I think it will churn!
How do guys like T/H peer at the screen all day!
Guess on these days Id be playing golf.
Anyway posting up a few as practice.
Attachments
tech/a
No Ordinary Duck
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Trembling Hand
Can be found on the bid
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tech/a
No Ordinary Duck
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Tech,
You are trying to trade the SPI without any probability otherthan reacting
to volume, and using small timeframes that mean diddly squat in the
scheme of things.
You need to work with 5-day patterns, Ranges, and then use chart
reading skills that give you an edge in understanding the rotation
and extension of price on any given day, which is part of the
higher timeframe trends.
You need to plan the day and ‘predict the day’ before it happens and
then use whatever you are using to confirm the set-ups.
Why do you want to predict the day?
So you understand when to hold and when to fold even though you’ve
entered based on whatever set-up you are using.:- systematic trading.
Systematic trading and 'chart reading' skills is a must, because it allows
you to know when to short, when to go long, or when to do both on
certain days.
VSA is a lame duck when trading the SPI!!!!!
In a live trading environment you would be chewed and spewed.
You are trying to trade the SPI without any probability otherthan reacting
to volume, and using small timeframes that mean diddly squat in the
scheme of things.
You need to work with 5-day patterns, Ranges, and then use chart
reading skills that give you an edge in understanding the rotation
and extension of price on any given day, which is part of the
higher timeframe trends.
You need to plan the day and ‘predict the day’ before it happens and
then use whatever you are using to confirm the set-ups.
Why do you want to predict the day?
So you understand when to hold and when to fold even though you’ve
entered based on whatever set-up you are using.:- systematic trading.
Systematic trading and 'chart reading' skills is a must, because it allows
you to know when to short, when to go long, or when to do both on
certain days.
VSA is a lame duck when trading the SPI!!!!!
In a live trading environment you would be chewed and spewed.
Attachments
Bronte
Trading The SPI for 20+ years
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Welcome to 'Trading the SPI'Welcome to the dark side Tech
After all these years tech
Good luck
tech/a
No Ordinary Duck
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Frank.
Yes I agree and see where your coming from--clearly.
Like the idea of road maps.
Just having a play at this time.
Your input is appreciated.
Rob.
Your target hasnt been reached are you still in?
Yes the learning curve.
Excellent thanks for your help guys I'll keep at it.
Yes I agree and see where your coming from--clearly.
Like the idea of road maps.
Just having a play at this time.
Your input is appreciated.
Rob.
Your target hasnt been reached are you still in?
Yes the learning curve.
Excellent thanks for your help guys I'll keep at it.
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well it has been a nice move over the past hour, glad i was able to catch it. Such a shame i'm still a learner on the sim account
