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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
Good Morning,
The June 09 SPI inability to break back into the 3828 to 3858 distribution from the previous session, triggered an initiating sell tail mid afternoon. Overnight the market distributed 3779 to 3816 for most of the session, before a mid morning initiating sell triggered at 3777 to a low 3751. Responsive buying saw the market close at 3757.
The previous session value area (70% of trades) was 3771 to 3837, and is currently lower 3779 to 3810.
The market has made several distributions 3759 to 3787 in previous sessions. A break lower sees support at 3720, where responsive buying rejected extensions lower on 14/5, 15/5, 18/5 and 26/5 . Further extensions opens up areas of distribution with support at 3691, 3660 and 3642.
The beginning of the initiating sell tail at 3777, was just above the beginning of the initial buy tail at 3775 the previous session, and is an anticipated level of resistance today. Following on resistance is anticipated at 3787, 3793, 3811 and 3828.
All the best.
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.
The June 09 SPI inability to break back into the 3828 to 3858 distribution from the previous session, triggered an initiating sell tail mid afternoon. Overnight the market distributed 3779 to 3816 for most of the session, before a mid morning initiating sell triggered at 3777 to a low 3751. Responsive buying saw the market close at 3757.
The previous session value area (70% of trades) was 3771 to 3837, and is currently lower 3779 to 3810.
The market has made several distributions 3759 to 3787 in previous sessions. A break lower sees support at 3720, where responsive buying rejected extensions lower on 14/5, 15/5, 18/5 and 26/5 . Further extensions opens up areas of distribution with support at 3691, 3660 and 3642.
The beginning of the initiating sell tail at 3777, was just above the beginning of the initial buy tail at 3775 the previous session, and is an anticipated level of resistance today. Following on resistance is anticipated at 3787, 3793, 3811 and 3828.
All the best.
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.
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Hello GMS
I am interested in your report, but it seems to lack detail.
if each morning it divulged something along the lines of:
look to short at open, close to 3765
close short at 3735
follow with buy 3735
close position at 3765
then i would be keen.
JA
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Any one been able to trade the SPI or 'futures' offered by GO Markets? or is futures trading still disabled on their MT4 platform?
I got mail from them saying that they were fixing the futures price feed but it's been 2 weeks and still no official email.
cheers,
I got mail from them saying that they were fixing the futures price feed but it's been 2 weeks and still no official email.
cheers,
Good Morning,
Yesterday the market distributed in a range 3733 to 3768. An initiating sell out of this distribution overnight was again rejected within the 3720 support. Responsive buying off the low saw two way action into the close that had the overnight distribution 3720 to 3767.
Previous session value area 3751 to 3802, and is currently 3728 to 3753.
Initial key resistance is 3768 high of the current distribution, 3776 where the market broke to an initiating buy extension on 26/5 and was commencement of the sell tail early yesterday morning. Following on resistance is anticipated at 3787, 3793, 3802, 3811 and 3828. Support is anticipated at 3759, 3749, 3741, 3720 key support, 3714, 3708, 3691 and 3660.
The continuation of distribution overnight leaves the market neutral. The move off the point of control at 3741 overnight to close higher indicates the market may have reached efficiency and is seeking a new distribution. The close at the high of the distribution leaves the question begging.
All the best for the day.
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.
Yesterday the market distributed in a range 3733 to 3768. An initiating sell out of this distribution overnight was again rejected within the 3720 support. Responsive buying off the low saw two way action into the close that had the overnight distribution 3720 to 3767.
Previous session value area 3751 to 3802, and is currently 3728 to 3753.
Initial key resistance is 3768 high of the current distribution, 3776 where the market broke to an initiating buy extension on 26/5 and was commencement of the sell tail early yesterday morning. Following on resistance is anticipated at 3787, 3793, 3802, 3811 and 3828. Support is anticipated at 3759, 3749, 3741, 3720 key support, 3714, 3708, 3691 and 3660.
The continuation of distribution overnight leaves the market neutral. The move off the point of control at 3741 overnight to close higher indicates the market may have reached efficiency and is seeking a new distribution. The close at the high of the distribution leaves the question begging.
All the best for the day.
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.
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There was a new message in the MT4 mailbox from Go this morning that they will be solely concentrating on FX and spot metals through the MT4 platform. All other products are available through the GoTrader platform which they tell me will now need to be issued me with new information to log into the GoTrader platform for SPI trading.
From what I've seen, on the GOTrader platform you are offered the 'real' SPI futures. No fractional contracts and comms. around $10/side. Not as competitive as IB.
Interesting spin story from GO Markets, the email says nothing about their problems with the futures price feed on MT4!
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Good Afternoon,
The June 09 SPI broke through the 3776 resistance today and traded higher on the initiating buy extension. The market traded to key resistance at 3828, which triggered a responsive sell tail to 3840 that capped the extension. Responsive selling bought the market back to a distributive pattern for the rest of the session.
Have a good weekend.
The June 09 SPI broke through the 3776 resistance today and traded higher on the initiating buy extension. The market traded to key resistance at 3828, which triggered a responsive sell tail to 3840 that capped the extension. Responsive selling bought the market back to a distributive pattern for the rest of the session.
Have a good weekend.
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Good Morning,
The June 09 SPI continued the buying extension on Friday night with a new extension off the 3815 point of control. An initiating buy tail triggered at 3833, took the market to a high of 3856, where responsive selling capped the market into the close. The previous session value area was 3734 to 3803, and is currently 3806 to 3833.
Key resistance levels 3849, 3858, 3873, 3882, 3895, 3902, 3919
Support 3839, 3833, 3828, 3815, 3811, 3802, 3793, 3787
The close at 3845 leaves the market within the previous 3828 to 3858 distribution range. The market closed the session distributing, and imbalanced.
A continuation of the development higher opens up distribution levels at 3902 and 3955. A break back below 3828 opens up a distribution to 3802.
Have a good day.
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.
The June 09 SPI continued the buying extension on Friday night with a new extension off the 3815 point of control. An initiating buy tail triggered at 3833, took the market to a high of 3856, where responsive selling capped the market into the close. The previous session value area was 3734 to 3803, and is currently 3806 to 3833.
Key resistance levels 3849, 3858, 3873, 3882, 3895, 3902, 3919
Support 3839, 3833, 3828, 3815, 3811, 3802, 3793, 3787
The close at 3845 leaves the market within the previous 3828 to 3858 distribution range. The market closed the session distributing, and imbalanced.
A continuation of the development higher opens up distribution levels at 3902 and 3955. A break back below 3828 opens up a distribution to 3802.
Have a good day.
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.
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Good Morning,
The June 09 SPI200, has continued the initiating buy extension overnight trading to the previous distribution high of 3954. An initiating buy break at 3909 saw the market extend to the highs on two way action and form a distribution 3931 to 3953.
The previous session value area was 3810 to 3864 and is currently 3900 to 3940.
The 3931 to 3953 distribution that has developed this morning is still in its infancy. Previous distributions have ranged 3909 to mid 3950s on 5/5, 7/5 and 11/5. A continuation higher sees resistance at 3967 then 3989. A rejection and subsequent break lower sees support at 3931, 3909, 3894 and 3873.
Resistance levels 3946, 3955, 3967, 3972, 3989, 4000, 4015, 4042
Support levels 3931, 3919, 3909, 3901, 3893, 3882, 3873, 3858.
Have a good day
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.
The June 09 SPI200, has continued the initiating buy extension overnight trading to the previous distribution high of 3954. An initiating buy break at 3909 saw the market extend to the highs on two way action and form a distribution 3931 to 3953.
The previous session value area was 3810 to 3864 and is currently 3900 to 3940.
The 3931 to 3953 distribution that has developed this morning is still in its infancy. Previous distributions have ranged 3909 to mid 3950s on 5/5, 7/5 and 11/5. A continuation higher sees resistance at 3967 then 3989. A rejection and subsequent break lower sees support at 3931, 3909, 3894 and 3873.
Resistance levels 3946, 3955, 3967, 3972, 3989, 4000, 4015, 4042
Support levels 3931, 3919, 3909, 3901, 3893, 3882, 3873, 3858.
Have a good day
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.
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Good Morning,
The June 09 SPI broke through the key distribution 3955 high, yesterday to the next resistance level 3967, where it was capped and way action featured in the afternoon session. Last night the market initiated a buy tail break off the previous session point of control 3949 for another buying extension to 3996. The morning session has seen distribution off this new development.
The new distribution is 3955 to 3996, indicates the market is balancing but is in its infancy. A continuation higher sees previous distribution highs 4014 and 4061, although the current point of control at 3989 is another key resistance today. A break below 3955 sees a move back to the previous distribution high 3902.
Resistance levels 3989, 4000, 4014, 4056 and 4061.
Support 3967, 3955, 3949, 3931, 3916, 3902
Have a good day.
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.
The June 09 SPI broke through the key distribution 3955 high, yesterday to the next resistance level 3967, where it was capped and way action featured in the afternoon session. Last night the market initiated a buy tail break off the previous session point of control 3949 for another buying extension to 3996. The morning session has seen distribution off this new development.
The new distribution is 3955 to 3996, indicates the market is balancing but is in its infancy. A continuation higher sees previous distribution highs 4014 and 4061, although the current point of control at 3989 is another key resistance today. A break below 3955 sees a move back to the previous distribution high 3902.
Resistance levels 3989, 4000, 4014, 4056 and 4061.
Support 3967, 3955, 3949, 3931, 3916, 3902
Have a good day.
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.
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Good Morning,
The June 09 SPI broke out of the 3955 to 3996 distribution late yesterday to trigger a initiating buy tail at 4014, which capped the advance at 4029. Overnight opened to a strong responsive sell tail back to the previous session point of control 3989. Two way action through the session, saw the market reject the lows at key level 3949, to close at 3975.
The previous session value area was 3950 to 3995, and is currently 3955 to 3995.
The trading action overnight leaves the market within the previous distribution range 3955 to 3995, and is now 3949 to 3998. The broad single tails discussed above indicate the market has rejected prices higher so far. Key resistance is at the point of control 3989, and 4014. Key support 3949, 3918 and 3902.
Resistance levels 3981, 3989, 3998, 4014, 4023, 4029
Support levels 3968, 3955, 3949, 3937, 3931
Have a good day.
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.
The June 09 SPI broke out of the 3955 to 3996 distribution late yesterday to trigger a initiating buy tail at 4014, which capped the advance at 4029. Overnight opened to a strong responsive sell tail back to the previous session point of control 3989. Two way action through the session, saw the market reject the lows at key level 3949, to close at 3975.
The previous session value area was 3950 to 3995, and is currently 3955 to 3995.
The trading action overnight leaves the market within the previous distribution range 3955 to 3995, and is now 3949 to 3998. The broad single tails discussed above indicate the market has rejected prices higher so far. Key resistance is at the point of control 3989, and 4014. Key support 3949, 3918 and 3902.
Resistance levels 3981, 3989, 3998, 4014, 4023, 4029
Support levels 3968, 3955, 3949, 3937, 3931
Have a good day.
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.
