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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Hello,
Please find below my daily analysis on the front month SFE SPI200 contract. The analysis is based off market profile and capital flow analysis. I hope it is helpful to readers. It is early days for my analysis, so suggestions are welcome.
The June 09 SPI once again held support in the mid 3720’s on the reopen yesterday morning. The market traded back into the key 3759 to 3787 range through the session, with an initiating buy late in the session capped to close at 3777.
The initial balance on the open of the night session remained neutral 3757 to 3773. An initiating sell followed and was rejected at 3740. Midway through the session, a strong initiating buy tail off 3775 took the market to 3831. The market continued the buying range extension and distributed in a range 3828 to 3858.
The previous session value area 3731 to 3768, and is currently 3756 to 3832.
Resistance anticipated at 3848, 3858, the overnight high and distribution high 17/4, 3876 and 3902.
Key support initially at 3828, which has been the high of several distribution on 1/5, 19/5 and 22/5, and low on 13/5, 3811, 3802, 3792, 3787 and 3776.
Following the overnight break, the market has distributed in a the range 3828 to 3858. The focus now is on the initial balance and whether the market can continue to accept this new higher distribution.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.[/FONT]
Please find below my daily analysis on the front month SFE SPI200 contract. The analysis is based off market profile and capital flow analysis. I hope it is helpful to readers. It is early days for my analysis, so suggestions are welcome.
The June 09 SPI once again held support in the mid 3720’s on the reopen yesterday morning. The market traded back into the key 3759 to 3787 range through the session, with an initiating buy late in the session capped to close at 3777.
The initial balance on the open of the night session remained neutral 3757 to 3773. An initiating sell followed and was rejected at 3740. Midway through the session, a strong initiating buy tail off 3775 took the market to 3831. The market continued the buying range extension and distributed in a range 3828 to 3858.
The previous session value area 3731 to 3768, and is currently 3756 to 3832.
Resistance anticipated at 3848, 3858, the overnight high and distribution high 17/4, 3876 and 3902.
Key support initially at 3828, which has been the high of several distribution on 1/5, 19/5 and 22/5, and low on 13/5, 3811, 3802, 3792, 3787 and 3776.
Following the overnight break, the market has distributed in a the range 3828 to 3858. The focus now is on the initial balance and whether the market can continue to accept this new higher distribution.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.[/FONT]
CanOz
Home runs feel good, but base hits pay bills!
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Typical run of the mill market analysis, i get almost the same thing from an old CFD provider that still sends me morning market summaries.
Do something unique, like Sofa does
....colorful too.
CanOz
Do something unique, like Sofa does
....colorful too.CanOz
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Do something unique, like Sofa does....colorful too.
CanOz[/QUOTE]
a:couch
....colorful too.CanOz[/QUOTE]
a:couch
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Im over it!
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too smart
There is a technique!
When you find it
It's easy
Instead of trying to outrun the cat with your dots
You have to outsmart the cat
Its like the tortioise and the hare
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There is a technique!
When you find it
It's easy
Instead of trying to outrun the cat with your dots
You have to outsmart the cat
Its like the tortioise and the hare
sounds familar
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Oh man thats fun. Easy once u get the trick
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