Trading The SPI - NON-Gann Techniques

[Euler]

I've heard of people plotting 3 and 5 day levels before, maybe it's something to look into

yes ... may do a 5 day .... as another code .. but the blasted work!!
Good call on the short ... hope u took advantage ... i was clean.

 

[professor_frink]

yes ... may do a 5 day .... as another code .. but the blasted work!!
Good cal on the short ... hope u took advantage ... i was clean.

would have been alot better if I was filled on the first order .
Still did alright though

 

[Edwood]

good call on the short Prof

looks like we might get a decent move soon enough

 

[professor_frink]

good call on the short Prof

looks like we might get a decent move soon enough

Cheers Ed.
A break of that support would be fun

 

[Edwood]

yeah a break either way would be fine with me

 

[Edwood]

well that impulsive move down this morning must've been a C not a 3 so we should be heading higher now - looking at the base of the triangle we are possibly looking at a 200pt move

 

[Edwood]

gotta go out, orders in with stops - good luck all

 

[professor_frink]

well that impulsive move down this morning must've been a C not a 3 so we should be heading higher now - looking at the base of the triangle we are possibly looking at a 200pt move

So, did you get long?
Just got the call for a game of golf, so no trading for me

 

[Edwood]

So, did you get long?
Just got the call for a game of golf, so no trading for me

yep, stop into profit now, currently +14. doesn't look like I missed a lot tho - sun is finally shining over here so its nice to get some of it!!

climate is weird tho hey - you guys have a massive drought & fires and we have ice-bergs floating off the coast (first time since 1920's) & the coldest Dec on record

 

[Edwood]

fib extension to 423.6 on the button

 

[Edwood]

that looks like 5 up complete so out now, potential for a retrace back to 5,540 area

 

[Edwood]

oops - should've reversed instead of closing, not to worry. some nice action today

 

[Euler]

Anyone riding this bucking horse ... tried to get on a couple of times but shakes me off before I hit the saddle!!

 

[Edwood]

not yet, 5,600 was 423% extension of wave 1, should've grabbed it but was getting a sandwich

 

[Bronte]

Anyone riding this bucking horse ... tried to get on a couple of times but shakes me off before I hit the saddle!!

Hi guys,

First trade of the day....

Sold Open 5600 12/01/2007 09:49:30
Bought back 5586 12/01/2007 09:51:10

Have to be pleased with that

 

[Bronte]

not yet, 5,600 was 423% extension of wave 1, should've grabbed it but was getting a sandwich

5600 was also a 50% Retracement Edwood

 

[Edwood]

nice work B! rest of the day off now then is it?

 

[Edwood]

5600 was also a 50% Retracement Edwood

ah, so it was, missed that. question now is whether or not we are still correcting or its onwards & upwards. I have the 5,630 area is important, beyond that & imo its new all time highs

 

[Edwood]

no signals for me yet, we're on the 1day so waiting for a clear break either way, would have preferred a deeper retrace but looks like a bullish penant forming now, target 5,615 area if it goes - dyor of course!

 

[professor_frink]

morning Ed,Bronte,
2nd day in a row for me- wanted to sell if given the opportunity, but the planets didn't quite line up. 5606/8 was a screming sell, but didn't open there. By the time it hit the next level of resistance the move was pretty well over, so I'm starting my weekend early