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Trading The SPI - NON-Gann Techniques

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Tech, Robinhood is just starting trading on sim the HSI with something that he has an interest in. And your response is to dumb on him.

Nice!!

Must be good to know the perfect way to go right from the start hey?

By the way could you tell us if you are doing any trading EOD. Please!!

And you are still banging on about VSA when I have pointed out THREE times that my question about it was how you are going to deal with the roll overs?? For god sake!!! I have even posted a couple of pages back that we are actually looking for the same friggin thing!!
 
James Austin said:
TH we all know the drill for budding SPI traders.

SO enthusiastic and over confident at the start, denial in the middle, tears at the end.
Click to expand...


Its simply a chart.

Ive copped my fair share of flack here so I'm just defending myself with real life example.

Edit stopped at 3360.
Thats it from me 40 ticks in a few hrs.
Thanks for the chat.
 

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Trembling Hand said:
Tech, Robinhood is just starting trading on sim the HSI with something that he has an interest in. And your response is to dumb on him.

Nice!!
Click to expand...

I'm as subtle as a brick.
I highlighted where he is destroying himself. Clearly he has no plan.He doesnt need encouragement to continue trading the way he is. He IS LOST.

Must be good to know the perfect way to go right from the start hey?
Click to expand...

I know what works and why.

By the way could you tell us if you are doing any trading EOD. Please!!
Click to expand...

No its to thin


Now that youve warned me I wont trade at roll over.
But will certainly have a look at it.
Same problem I would guess poor liquidity.

I bang on about it because it clearly works! (In the above demo anyway.)

Let me shout you a beer when in town.
Goes for the hood and Mrc---prawn and co.
 
tech/a said:
Anyway its belted through resistance on VOLUME so long?
Click to expand...
Did you not go LONG at 11.01 AM tech/a ?
See 1 min SPI chart:
Now 3352 LOW
Bronte
 

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Bronte said:
Did you not go LONG at 11.01 AM tech/a ?
See 1 min SPI chart:
Now 3352 LOW
Bronte
Click to expand...

Read Bronte read.
#2728 was already short on the chart I posed the question---you do see the question mark dont you?.

Anyway there are your trades.
I can see yours where????----

I'm sick of the armchair experts who type knowingly with jack evidence of any ability at all.
Hence my copious postings this morning.
Wont be making a habit of it.

Gotta go.
 
What can I say - I love it fellla's - keep it up!

I don't care or know who's right or wrong, but I enjoy reading the banter and learn a bit about people's methods along the way!

As I've posted in another thread I've been attempting to apply VSA intraday to a couple of the high liquidity blue chips that I do options trading around.

My view is that it works and does give the types of signals Tech is pointing out in his charts on here and elsewhere. Awaiting confirmation is one of the key factors in interpreting volume as supply or demand - and its important to look for cancellation of any confirmation signals as well. (Not all volume signals a reversal - its very useful in confirming a continuation as well.)

I use the 1 min bars as my main tracking - but I'm consolidating them mentally and also only honing in on the actual 1 minute timeframe when a volume signal starts to appear. I'm also interpreting the short time frame view within the structure of wider 5 min, 15 min, hour and daily timeframe views. Then in trying to refine the interpretation when a signal is forming, I'm often then focusing on depth - in which case its not too long before you're starting to look for the sorts of things MRC is describing in his post earlier on - and then its not too long before you're also jumping to the tape to check things as well - to understand where in a bar volume actually occurred and in what form.

On that basis my view is that intraday VSA in the very short timeframes (1 min/5 min) starts to morph into depth/tape reading as you get to a turning/continuation point (i.e. as you're trying to interpret direction (supply/demand) after volume gives a signal).

Thus what Tech labels as 'guessing' in relation to how TH, MRC etc. trade, might have a very similar basis to the VSA that he is applying but honed down to an 'intuitive art form' over years of experience (particularly in TH's case).
 
i myself quite like a 50 volume chart for scalping..
but no good on low volume days ..then i go into a tic chart..
have a good day
ac

support for spi today is 34/42 mark..looks to me..
 

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tech/a said:
Anyway its belted through resistance on VOLUME so long?
Click to expand...
so long : So I am long.
Being "LONG"... "Owning or buying a stock or commodity in anticipation of a rise in price."
Cheers
Bronte
 



No Cuttlefish what I do is guessing What Someone Like Frank D does is legitimate because its over a longer time. I think that is what Tech is saying. LOL. Or maybe he is saying that Frank is just guessing as well? Yes that must be the case. Frank your just guessing

Actually cuttlefish what you have so clearly posted is what I have been trying to say for some time.
 
Tech/a was being sarcastic with his question about going long after seeing the high volume breakout bar. (Sarcasm is extremely difficult to convey in a forum.) This price action is designed to catch the breakout traders and put them into a losing trade. The profitable breakout traders take the small loss while the others hope and pray.

Tech/a evaluated the immediate reversal and went short soon after and made a nice profit from his interpretation of the chart action.
 
Deja Vu...

I recognise that ego from somewhere. :

There has been some very dodgy and nebulous calls here.

If folks want to post actual entries and exits, do it immediately. "Guess where I'm short from" doesn't cut it.

Tech, you know the rules, you invented them.
 

Get a grip how fast do you think
(1) I can type.
(2) Place an order buy or sell
(3) Photograph a realtime chart.
(4) Load it all onto this server.

I reckon Ive done the best Ive seen.
Good on me.

Ha ha and there are 4 ticks between posts.

Bronte /Austin

Those longs look good?
Or are you out?
Out I guess--hope.
 
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