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Trading The SPI - NON-Gann Techniques

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

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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?
 
MRC & Co said:
Does the sideways bear market with the occassional day of volatility begin?
Click to expand...

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.
 
Naked shorts said:
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.
Click to expand...

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

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

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hi acouch and other spi traders ,im back for another go at it ,a little older and wiser hopefully ,i c you still putting your charts up acouch thanx for that , wish everyone well in there trading in 2009 ,Nathan
 
Just taken my first SPI trade.
Makes it far easier when you have the data.

Buy at 3615
stop was 3601 now B/E

You can see the entry alerts.

That was fun out at B/E
 

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Hi Tech,
Great to see VSA on the SPI, maybe worth starting a new thread on it.
What time frame are you using?

Rob
 
Rob COle said:
Hi Tech,
Great to see VSA on the SPI, maybe worth starting a new thread on it.
What time frame are you using?

Rob
Click to expand...

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!
 
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.
 

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Big volume spike (Down) after testing would have been too slow and out at around B/E.

Anyway have to do some work!
Definately a day for looking for short setups---in my mind!
 

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What a day to give up smoking!

Just noticed this -(Negative) volume shown where everything else hasnt had a - sign---anyone know what it is or means?

The other pik is me 5 mins ago.
 

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Tech

As a rule I wait until the ASX is completely open before looking for trades.
I use 3 min charts and most trades are over within the first hour.
I only trade the SPI, usually 4-6 hours work a week
Entry today was short 3608 target is 3575.




Rob
 
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.
 

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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.
 
Tech,
Still in trade with stop at B/E.
SPI has been very slow this year, what took 15 - 20 mins last year is taking 1hr - 2hrs.

Rob
 
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
 
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