Trading The SPI - NON-Gann Techniques

[acouch]

updated road map..
she tried hard to hold the LIS at 3336
she warranted a gold star for the effort..
good trades
ac

 

[acouch]

wrong.mao...bh..
ac

sorry i see i also left the prices at the side behind..
hopefully next map will be better
ac

 

[acouch]

updated chart..
ac

 

[rossw]

couple of nice trends today
not normally such a big move over lunch though.

ac, I haven't really paid much attention to your charts before because I don't really understand them. But it's interesting you marked 3336 as your LIS. I had marked 3338 as a point of interest from zooming out to a 1 hour chart and marking a couple of highs/lows.

 

[acouch]

couple of nice trends today
not normally such a big move over lunch though.

ac, I haven't really paid much attention to your charts before because I don't really understand them. But it's interesting you marked 3336 as your LIS. I had marked 3338 as a point of interest from zooming out to a 1 hour chart and marking a couple of highs/lows.

yes the 36 has been a magnet for price today..
the run up showed weakness when it could'nt even tickle hod..only
managed 51..
ac

 

[rossw]

yes the 36 has been a magnet for price today..
the run up showed weakness when it could'nt even tickle hod..only
managed 51..
ac

after it took a nice breather at the LIS...

and this current downtrend offered another chance for a short entry on retracement to that same upper 3330 region

 

[MRC & Co]

couple of nice trends today
not normally such a big move over lunch though.

Not normally Citibank part nationalisation over lunch news either. Unfortunately, wasn't there for most of that up move, but the bit I was there for, was pretty easy to trade.

Not sure about the LIS part, but the false break of an important cash level, saw us come off post the Citi rally IMO.

 

[acouch]

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

 

[acouch]

just though i would update the eod spi chart, for those that have
been following since first posted 20.05.08...
very close now to 2956..
good trades
ac

 

[acouch]

hod 23..gap fill was at 22
gap marked with circle..
great trades
ac

 

[sails]

...Not sure about the LIS part, but the false break of an important cash level, saw us come off post the Citi rally IMO.

MRC - is the "important cash level" you mention the XJO close of 3351?
Are there any other useful ways to use cash to help trade the SPI?

 

[Trembling Hand]

Sheish , Is the paint dry on this sucker yet?

Probably get one of those 2:00 - 2:15 take offs - or implosions

 

[MRC & Co]

MRC - is the "important cash level" you mention the XJO close of 3351?
Are there any other useful ways to use cash to help trade the SPI?

3368 was the level I had Sails, spiked through it and came straight back off.

I only use cash for this purpose and to see how the bigger stocks are doing. If the banks are coming off, but the miners remain stubborn, then I won't be looking to run longer short positions other than a quick scalp.

Just my opinion.

TH, agree, I think it will break one way or the other. More of a short bias though, after it's similar pattern on the 17th (only this one is a bit more volatile and drawn out) and the fact we are already too high. Not much support below either.

 

[sails]

3368 was the level I had Sails, spiked through it and came straight back off....

Thanks MRC - XJO closed at 3351 yesterday, so is your figure of 3368 fair value for the SPI which includes interest?

SPI very schizophrenic today - wild roller coaster this morning and now coiling. Options expiry on Thursday, so will be interesting to see if the boyz decide to do a bit of pushing.

 

[Trembling Hand]

TH, agree, I think it will break one way or the other. More of a short bias though, after it's similar pattern on the 17th (only this one is a bit more volatile and drawn out) and the fact we are already too high. Not much support below either.

If she does go down my first play will be the false break so it comes back into the range. Been very fashionable lately - all the kids are wearing it.

 

[CanOz]

Sorry to interupt this thread with such a novistical (new word) issue, but can anyone tell me the IB/Amibroker symbol for the spot month SPI Fut? I tried APH9-SNFE-FUT and 99 other varients to no avail.

Many thanks,


CanOz

 

[sails]

Sorry to interupt this thread with such a novistical issue, but can anyone tell me the IB/Amibroker symbol for the spot month SPI Fut? I tried APH9-SNFE-FUT and 99 other varients to no avail.

Many thanks,


CanOz

Try using lower case and add -aud on the end. Saiter posted something along those lines in the AB thread and it's something to do with the latest version.

 

[MRC & Co]

Well looks like RIO and BHP ruined that short as per usual.

Level was low from the 18th Sails.

 

[Seaking]

Sorry to interupt this thread with such a novistical (new word) issue, but can anyone tell me the IB/Amibroker symbol for the spot month SPI Fut? I tried APH9-SNFE-FUT and 99 other varients to no avail.

Many thanks,


CanOz

Doesn't have to be lower case. Can be either, but as Sails pointed out, AB 5.2 has a different code format requirement.
SPI = APH9-SNFE-FUT-AUD
BHP = BHP-ASX-STK-AUD

A tad annoying to have to go and do my entire Aus codes again. If I knew that, I probably wouldn't have upgraded from 5.1

 

[CanOz]

Try using lower case and add -aud on the end. Saiter posted something along those lines in the AB thread and it's something to do with the latest version.

You're bang on there Sails, thanks mate!

aph9-snfe-fut-aud

Wonderful!

Good trades,


CanOz