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Trading The SPI - NON-Gann Techniques

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professor_frink said:
morning Ed,Bronte,
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 :)
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hi Prof - out of interest was 5,608 a pivot or something?

have a good weekend!
 
Edwood said:
hi Prof - out of interest was 5,608 a pivot or something?

have a good weekend!
Click to expand...
Yes sir it was.
5608 was the daily R3, 5606 was the weekly pivot. The night session closed at about 5687, so there was a gap up from both day and night sessions, and with the cash market down below 5560 we were trading at a pretty big premium. All signs pointed to a move down on open, it just didn't quite open close enough to one of my levels, so I didn't trade.

Hope you have a good weekend too Ed :)
 
professor_frink said:
Yes sir it was.
5608 was the daily R3, 5606 was the weekly pivot. The night session closed at about 5687, so there was a gap up from both day and night sessions, and with the cash market down below 5560 we were trading at a pretty big premium. All signs pointed to a move down on open, it just didn't quite open close enough to one of my levels, so I didn't trade.

Hope you have a good weekend too Ed :)
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ah ok, would've made a nice short at the open then if hit.

thanks mate, you too. my b.day tomorrow so we're off for a picnic, altho might trade Dow first thing in the morning (unless the missus has plans for me of course) :) :)
 
Edwood said:
ah ok, would've made a nice short at the open then if hit.

thanks mate, you too. my b.day tomorrow so we're off for a picnic, altho might trade Dow first thing in the morning (unless the missus has plans for me of course) :) :)
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Happy Birthday Ed :)
Yeah, I'd skip the Dow tomorrow ;)
 
afternoon - seems happy to keep on grinding up, working out any short interest left over from the recent correction. not far to new all time highs
 
Edwood said:
afternoon - seems happy to keep on grinding up, working out any short interest left over from the recent correction. not far to new all time highs
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afternoon Ed, hope your birthday went well :)

Euler what were your MP levels today? By my calcs, I had 5620 as the VAH, today, whaich just happened to be today's low :) Hope you got some of it :)

Spent most of my time working on a few little things today, so didn't trade-trying to fix up some of the coding for my indicators- they disappear off my screen after lunch if I've zoomed in too close on the action :(
 
professor_frink said:
Euler what were your MP levels today? By my calcs, I had 5620 as the VAH, today, whaich just happened to be today's low :) Hope you got some of it :) (
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Hi guys ... was in town all day today so missed all of it. POC was 5610 and Range 5617-5593. Yes it was a nice bounce off the VAH zone.
Prof, I decided to look at the raw data/graph and noticed that the Range could just as easily have been 5620-5591, but it gave me the narrower band.
 
Anyone know what wrong @ SFE? Can't get any data for yesterday or overnight. Is anyone else having the problem or just me?
 
Euler said:
Anyone know what wrong @ SFE? Can't get any data for yesterday or overnight. Is anyone else having the problem or just me?
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I've only got data till midnight.
Did our night session shut down early because of the holiday in the states :confused:
 
professor_frink said:
I've only got data till midnight.
Did our night session shut down early because of the holiday in the states :confused:
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Prof, it was an early close per below. But SFE should have been up at 8.30am ... but their site data still not online.




US Trading hours (Sydney Times)
CME – Closed (floor)
GLOBEX – Indicies halt 3.30am, re-opens 10.00am Tuesday
Interest rates 5.00am halt, re-opens 10.00am Tuesday
Metals & Energies halt 9.15am re-opens 10.00am Tuesday
CBOT – Closed
eCBOT – Closed Monday, re-opens Tuesday 11.00am
COMEX/ NYMEX/ NYBOT – Closed (floor)
SFE – Midnight Close, Re-opens 8.30am Tuesday
 
Euler said:
Prof, it was an early close per below. But SFE should have been up at 8.30am ... but their site data still not online.




US Trading hours (Sydney Times)
CME – Closed (floor)
GLOBEX – Indicies halt 3.30am, re-opens 10.00am Tuesday
Interest rates 5.00am halt, re-opens 10.00am Tuesday
Metals & Energies halt 9.15am re-opens 10.00am Tuesday
CBOT – Closed
eCBOT – Closed Monday, re-opens Tuesday 11.00am
COMEX/ NYMEX/ NYBOT – Closed (floor)
SFE – Midnight Close, Re-opens 8.30am Tuesday
Click to expand...


Ok gotcha. If you don't have any data for your MP calcs, the ones I got off the net were 5665,5659,5637
 
Euler said:
POC 5659 Range 5664-5630
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wow, there's usually a small diff in our VAH,VAL calcs, but not that much :eek:

FWIW, I'll be looking to trade off 67-70 area today. Still haven't done enough research on MP to start doing anything with it yet.
 
professor_frink said:
wow, there's usually a small diff in our VAH,VAL calcs, but not that much :eek:
FWIW, I'll be looking to trade off 67-70 area today. Still haven't done enough research on MP to start doing anything with it yet.
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Yes, am wondering about that. May be different algorithms being used but I can't check that out. But am ok as long as they are "close".
Did the 3 day thing and got a VAH 5647. Was looking at trading off that but held off. Now watching to see if there is a break off the simple daily.
 
hope your in it Euler.
I have a pretty close stop for this- it's running way too hard for my liking. Currently @ 81 with a stop on 2 min chart close below 77. Target of 95.

edit: stop now up to 80
 

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