Trading The SPI - NON-Gann Techniques

[MRC & Co]

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.

Yes, my play was the false break of the 3299 level which we couldn't break ealier.

Then I just couldn't pull the trigger on the cut and reverse even though the break looked legit, so just took my loss, too bad, maybe next time.

 

[acouch]

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

map a bit early..market not quite close..have to go out.

 

[Trembling Hand]

Options expiry on Thursday, so will be interesting to see if the boyz decide to do a bit of pushing.

They love their sell programs don't they?

 

[acouch]

road map at the eod..
ac

 

[acouch]

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

 

[acouch]

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

 

[Broadway]

They keep releasing those weekly US jobs data...maybe they could do it monthly, allow a 3 day rally perhaps...

 

[Trembling Hand]

SPI deliciously back in sync with our northern neighbors.

 

[rossw]

would've been a profitable last half hour today
pretty much the day's entire range done.

interesting to see those big orders get taken out too. 100+ @ 3301 at 4.18

that msci re-weight pushed our match up high in some stocks.

 

[acouch]

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

 

[Naked shorts]

SPI deliciously back in sync with our northern neighbors.

hahahahaha

 

[Broadway]

NYSE volume up. Anyone impressed, or are things just too ugly right now to be bullish?

http://www.wallstreetcourier.com/technician/daily-market-statistics/daily-market-statistics.htm#dow

 

[Trembling Hand]

NYSE volume up. Anyone impressed, or are things just too ugly right now to be bullish?

Why lock yourself into worrying about bullish. We are trading futs. as long as it moves

 

[tech/a]

NYSE volume up. Anyone impressed, or are things just too ugly right now to be bullish?

http://www.wallstreetcourier.com/technician/daily-market-statistics/daily-market-statistics.htm#dow

Higher volume without follow through on Range.

Could be selling into any strength.
Look now for extremely low volume and where this comes.
On an up or down day test to give a strong indication of who is in control.

 

[Broadway]

would've been a profitable last half hour today
pretty much the day's entire range done.

interesting to see those big orders get taken out too. 100+ @ 3301 at 4.18

that msci re-weight pushed our match up high in some stocks.

Hey Rossw.

Was reading your blog and saw this in the comments, by anonymous-

"The SPI is very easy to trade its more easier to trade than you think. Keep it simple.
The SPI is a fully controlled instrument. Instos know the entire path before it happens. They all trade together against traders that dont know. Be careful as the amature doesnt last long. Happy trading. From a true SPI master trader."

Interesting comment I thought.

Do others agree or disagree with this?

 

[Trembling Hand]

No No its true the 5 or so insto who do 70% of the vol trade against a handful of 1 lot traders

lol Spi Master.

 

[MRC & Co]

ROLFMAO.

A large chunk of the SPI volume is done by traders who don't have a clue of it's path, and they do fine.

 

[acouch]

how the road map has progressed during the day, and into sycom..
enjoy your evening
ac

 

[acouch]

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

 

[tech/a]

Higher volume without follow through on Range.

Could be selling into any strength.
Look now for extremely low volume and where this comes.
On an up or down day test to give a strong indication of who is in control.

And so it was.