Trading The SPI - NON-Gann Techniques

[acouch]

Hi acouch,

I would like to thank you for your ongoing postings of your ML charts. It is because of these that I have revisited ML (having so quickly dismissed it as a valid methodology too many years ago). I find Tim Morge's sites are well worth the visit.

Looking at my attached charts, seeing EPs 1 and 2, I find it hard not to get excited by EPs 3 and 4.

View attachment 29083

View attachment 29084

I would be pleased to hear your view and comment on this and the broader picture.

Rapt88

as you can see by this eod chart for spi..
the first chart posted here on this was the 20th may 2008...
the ML's in action..not very clear i am afraid as it is metastock..and doesnt seem to transfer well
ac

 

[rapt88]

as you can see by this eod chart for spi..
the first chart posted here on this was the 20th may 2008...
the ML's in action..not very clear i am afraid as it is metastock..and doesnt seem to transfer well
ac

Thanks acouch

Rapt88

 

[acouch]

eod road map..
ac

 

[acouch]

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

 

[Mr J]

acouch, have you explained your road map somewhere in this thread? It looks interesting, but I'm not sure what's going on there.

 

[acouch]

acouch, have you explained your road map somewhere in this thread? It looks interesting, but I'm not sure what's going on there.

Yes numerous times...

i see you havn't read back through ?

above the red line you are long, below you are short..all nos are strong support/resistance..
is basically it..but you can go back and read the previous post..also a learning curve..

there is no easy way to learn you have to do the hard yards, and follow the the learning road...and i am sure you will find it a wonderful experience as most traders have..

www,medianline.com.au

hope this is of some help to get you on your way
ac

 

[CanOz]

www,medianline.com.au

hope this is of some help to get you on your way
ac

Hey Sofa, your link needs some work mate.

CanOz

 

[Mr J]

i see you havn't read back through ?

above the red line you are long, below you are short..all nos are strong support/resistance..
is basically it..but you can go back and read the previous post..also a learning curve..

there is no easy way to learn you have to do the hard yards, and follow the the learning road...and i am sure you will find it a wonderful experience as most traders have..

I thought I'd ask before skimming through a few dozen pages. So it is as simple as it looks (someone said line in the sand, and the numbers would seem to be S/R).

Easy way to learn, for trading or this ML method? I'm not looking for a system to follow for easy profits, I just like to read about different methods as there's often something to learn.

 

[nomore4s]

Hey Sofa

rotflmao

 

[acouch]

I thought I'd ask before skimming through a few dozen pages. So it is as simple as it looks (someone said line in the sand, and the numbers would seem to be S/R).

Easy way to learn, for trading or this ML method? I'm not looking for a system to follow for easy profits, I just like to read about different methods as there's often something to learn.

Tim Morge was the one that has bought Dr.Andrews use of the Medianline to the fore,
Tim has all the original work of Dr.Andrews, and like most of us from those early days in Tim's forum have made our own improvement to a very simple tool, and much overlooked..simple is best...
and the best thing is that anyone can use it, as it is a standard tool on most software packages

The Medianline has a 80% hit rate., so only if you took the trade to that you would make a lot of money, without waiting for the reaction...

As Dr.Andrews worked on the Newton theory..

have a great day

ac

http://siteground219.com/~marketge/

http://www.medianline.com/home.html

 

[acouch]

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

 

[MRC & Co]

The Medianline has a 80% hit rate., so only if you took the trade to that you would make a lot of money, without waiting for the reaction...

So you take a tick and when it breaks through the median line you loose 5? How do you trade it, i.e. how far behind the median line is your stop and when do you take profits?

If you take a tick winner to a 5 tick looser, you can nearly guarantee an 80% win rate.

Ends up the same.

Honestly, most trading is about the entry and exit, nothing can guarantee profits and nothing is easy, it takes a lot of hours practicing, as in full-time for years. Like you can't be a great Rugby, boxer or soccer player or whatever with a few weeks full-time practice, nor can you be a great trader.

 

[James Austin]

nothing can guarantee profits and nothing is easy, it takes a lot of hours practicing, as in full-time for years. Like you can't be a great Rugby, boxer or soccer player or whatever with a few weeks full-time practice, nor can you be a great trader.

ahhhh

no magical forumlas, hey MRC!

just "finding your own way" . . . . and only time can do it, lots of it

 

[MRC & Co]

ahhhh

no magical forumlas, hey MRC!

just "finding your own way" . . . . and only time can do it, lots of it

That's right James.

I know, you know it!

 

[Mr J]

Only just realised it's Friday. Is today typical for Friday arvo for the SPI?

Honestly, most trading is about the entry and exit, nothing can guarantee profits and nothing is easy

Like any system, the ML system will still require you to be able to interpret the price action in real-time. Like many systems, I'd say the ML system just gives points of interest for the trader to trade around.

How do you trade it, i.e. how far behind the median line is your stop and when do you take profits?

Talking about stops, I've come to the conclusion of placing extremely tight stops (say two points for the SPI, two ticks for the ES). While it doesn't fit with the traditional strategy of placing it beyond the swing, I've found that good trades will usually move your way strong, and much of the time it does hesitate it just means it didn't end up being a good entry (chop, reversal, slow etc). The smaller stops also allow for a far cheaper re-entry if needed. A little off topic .

 

[acouch]

So you take a tick and when it breaks through the median line you loose 5? How do you trade it, i.e. how far behind the median line is your stop and when do you take profits?

If you take a tick winner to a 5 tick looser, you can nearly guarantee an 80% win rate.

Ends up the same.

Honestly, most trading is about the entry and exit, nothing can guarantee profits and nothing is easy, it takes a lot of hours practicing, as in full-time for years. Like you can't be a great Rugby, boxer or soccer player or whatever with a few weeks full-time practice, nor can you be a great trader.

hopefully you are not looking to enter at the medianline..that is where you would take your profit..as you would have should have entered at the lower ml eg: start of the move..or a retest of the lower ML..if looking for a long..reverse if looking to short..and stop would be under the retest..

ac

 

[acouch]

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

 

[acouch]

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

 

[acouch]

eod road map
how it has progressed during the day..
have great evening
ac

 

[Phillip]

Hi all,
Market is in an intersting conundrum for a position trader like myself. I am defiitely not a buyer here, perhaps I should change my strategy to trend trading? Unsure atm, but she does look extremely overbought, perhaps 1-4 day pullback will provide a buying opportunity?

Apart from that according to my analysis we have had exactly 60 calendar days from the Jan 09 hi to the 06/03 low... 06/04/09 will be 90 calendar days from the Jan 09 hi. I will be looking for the market to trade into a negative divergence, which will give by my benchmarks a bonafide shorting signal. That RSI @ 78 is simply unsustainable. But more than happy to change strategy to a more trend trading methodology. The blue rectangle signifies the time element on when a shorting opportunity shall arise. So many outcomes here, I am glad I am sitting on the fence for now.

Any thoughts?

P.S I am not a daytrader.

Regards, Phillip.

Nailed it to the day.