Trading The SPI - NON-Gann Techniques

[acouch]

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

 

[MRC & Co]

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

Cheers AC.

 

[acouch]

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

Hope you all have a Safe and Happy Easter,

ac

 

[Mr J]

acouch, I've occasionally been drawing the pitchforks and seeing how the market responds, and it does seem to be quite good. Any idea how widely are these are used?

 

[Bobby]

What a joke it is trying to trade as i type !
SPI is frozen at 3722-3723 for ages as the Dow powers up , yea I can do the arb thing but stuff this incompetence

 

[acouch]

What a joke it is trying to trade as i type !
SPI is frozen at 3722-3723 for ages as the Dow powers up , yea I can do the arb thing but stuff this incompetence

sycom closed at 1200am for Easter
ac

 

[acouch]

acouch, I've occasionally been drawing the pitchforks and seeing how the market responds, and it does seem to be quite good. Any idea how widely are these are used?

Morning Mr J

a simple but forgotten tool, but becoming more widely used of late..
learn to master it, you will do well
take care
ac

 

[acouch]

Nailed it to the day.

hi Phillip
i am more interested in the 360cd's from the 19th May 2008
comes in on the 14th May 2009
we will see what the trading gods decide
ac

 

[sails]

hi Phillip
i am more interested in the 360cd's from the 19th May 2008
comes in on the 14th May 2009
we will see what the trading gods decide
ac

What methods do you use for your time analysis, acouch? Are you into the complex stuff like planetary lineups or is it pretty much just based on calendar day counts?

 

[acouch]

What methods do you use for your time analysis, acouch? Are you into the complex stuff like planetary lineups or is it pretty much just based on calendar day counts?

Morning sails,

no only cd's and td's but mainly cd's, i leave the planetary stuff for others
ac

 

[sails]

Morning sails,

no only cd's and td's but mainly cd's, i leave the planetary stuff for others
ac

Thanks, ac
I found fairly simple calendar and trading day counts used to work quite well - as well as some of the squares (eg 90, 144, 256, etc) from major highs/lows. Must get some time charts running again...

 

[Mr J]

Morning Mr J

a simple but forgotten tool, but becoming more widely used of late..
learn to master it, you will do well
take care
ac

I like it and it suits my trading strategy. I'm not doing anything complicated with it, just using the lines as possible support and resistance, potential profit targets etc.

 

[Mr J]

Median line as a profit target kept me in two trades that I otherwise would've exited much earlier. 22.5 points (90 ticks) per ES contract. Results-oriented I know, but the two trades were perfect. I don't expect to see this often.

 

[acouch]

Median line as a profit target kept me in two trades that I otherwise would've exited much earlier. 22.5 points (90 ticks) per ES contract. Results-oriented I know, but the two trades were perfect. I don't expect to see this often.

well done,

the median line has a 80% hit rate, so you should see it quite a bit

enjoy your day
ac

 

[Mr J]

Perfect as in I captured virtually all of each move, and both were reasonably large (for me). Two times my weekly profit target (as an average) as well.

the median line has a 80% hit rate

I don't doubt it, as the vast majority of the time I throw a pitchfork on something, it hits the median.

 

[acouch]

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

 

[Joolean]

Hi ac,

I see your charts are on a 10 minute timeframe but are the median lines calculated on that timeframe or on a higher one?

Cheers,
Jules.

 

[acouch]

Hi ac,

I see your charts are on a 10 minute timeframe but are the median lines calculated on that timeframe or on a higher one?

Cheers,
Jules.

Hi Jules

road map is done on a 10min chart..

ac

 

[James Austin]

Median line as a profit target kept me in two trades that I otherwise would've exited much earlier.

Mr J

thanks to AC i have also become an ML devotee. It's great stuff in my view.

and yes, just as you say, it helps to keep me in trades that I might otherwise close, then wish I hadn't.

JA

 

[Mr J]

acouch, have you seen anything or have an opinion about the distribution of the 20% that fail to reach the median?