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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
good morning all
today's road map it is very similar to
yesterdays road map, as it has done a 24hr loop..
but i will post it all the same
have a great day, and good trades
ac
Good morning the SPI expected range for today 4094-4140 a day for shorting .I am trying the pitchfork today.
Good Morning,
The SPI200 Sept 09 contract continued to distribute higher yesterday outside the establishing development. On the open overnight the distribution continued, and was rejected. An initiating sell tail triggered at 4138, and the market traded back into the 4091 to 4129 development, to a session low of 4090. Responsive buying through the morning has the market closing just above the 4115 point of control.
Key resistance is at 4129, 4139, 4150/58, 4165 and 4182. Key support at the point of control 4115, 4106, 4099, 4091 and 4082.
The close at 4119 leaves the market within the development and balanced.
The market profile chart attached above shows the development over recent sessions, with the blue line point of control at 4115. The focus as this development continues is for a break off the point of control and a new distributive move outside the development.
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 SPI200 Sept 09 contract continued to distribute higher yesterday outside the establishing development. On the open overnight the distribution continued, and was rejected. An initiating sell tail triggered at 4138, and the market traded back into the 4091 to 4129 development, to a session low of 4090. Responsive buying through the morning has the market closing just above the 4115 point of control.
Key resistance is at 4129, 4139, 4150/58, 4165 and 4182. Key support at the point of control 4115, 4106, 4099, 4091 and 4082.
The close at 4119 leaves the market within the development and balanced.
The market profile chart attached above shows the development over recent sessions, with the blue line point of control at 4115. The focus as this development continues is for a break off the point of control and a new distributive move outside the development.
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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looking forward to seeing your chart, well worth the effort.
ac
hi acouch
i would like to see youre trading platform (daily chart) i am making a good living out of trading but i would like to see how other people are doing it.here is my chart of today's trading those buys and sells is the real thing no paper trading i am trading for a living that's all i do.
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hi moneyking,
i don't think many on this forum paper trade, but maybe they do..
the reason i was interested to see your chart, was not to see how you trade
by the way, was to see the pitchfork on your chart..
i am not interested on how you trade during the day, that is your business not mine.
the road map that i post is a daily chart 24hr..i use that for targets etc, but i trade a lot smaller time frame chart...
have a great day, and take care
ac
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Good Morning,
The SPI200 Sept 09 contract traded to the current development low 4091 yesterday. Overnight the break through the development low triggered a responsive buy tail at 4083 and the market traded higher back into the development, finding resistance at the 4115 point of control.
Key resistance is at the previous sessions point of control 4115, 4129 and 4139 and 4150/58. Key support at 4099, development low 4091, 4082 and previous POC 4066/65 and previous development high 4053.
The break lower at 4pm yesterday off the 4115 point of control indicates the market may have reached efficiency in the current development and is poised for a new distribution. Overnight the market attempted this distribution lower and failed. The question is will it make another attempt today?
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 SPI200 Sept 09 contract traded to the current development low 4091 yesterday. Overnight the break through the development low triggered a responsive buy tail at 4083 and the market traded higher back into the development, finding resistance at the 4115 point of control.
Key resistance is at the previous sessions point of control 4115, 4129 and 4139 and 4150/58. Key support at 4099, development low 4091, 4082 and previous POC 4066/65 and previous development high 4053.
The break lower at 4pm yesterday off the 4115 point of control indicates the market may have reached efficiency in the current development and is poised for a new distribution. Overnight the market attempted this distribution lower and failed. The question is will it make another attempt today?
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 SPI200 Sept. 09 contract broke out of the development yesterday on an initiating buy tail at 4150. Overnight the market triggered another initiating buy tail at 4163 with the distribution extending to 4228 midsession. Responsive selling has featured through the morning and into the close has the market trading back inside the distribution and imbalanced.
Key resistance is at 4203, 4214, the current point of control 4220, previous point of control 4230/38, 4249, 4270, 4278 and 4286. Key support at 4182, 4162, 4154/50, 4129, previous POC 4115 and 4099.
The previous value area was 4092 to 4137 and is currently 4174 to 4217.
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 SPI200 Sept. 09 contract broke out of the development yesterday on an initiating buy tail at 4150. Overnight the market triggered another initiating buy tail at 4163 with the distribution extending to 4228 midsession. Responsive selling has featured through the morning and into the close has the market trading back inside the distribution and imbalanced.
Key resistance is at 4203, 4214, the current point of control 4220, previous point of control 4230/38, 4249, 4270, 4278 and 4286. Key support at 4182, 4162, 4154/50, 4129, previous POC 4115 and 4099.
The previous value area was 4092 to 4137 and is currently 4174 to 4217.
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,
On Friday the SPI200 Sept 09 contract began to develop following the distribution higher the previous session. Friday night the development continued and is 4171 to 4128. The market closed balanced.
Key resistance is at 4214, 4220, 4230/38, 4249, 4270, 4278 and 4286. Key support is at the current session point of control 4196, 4182, 4171, 4162, 4154/50
The previous session value area (70% of session volume) was 4177 to 4214 and is currently 4187 to 4204.
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.
On Friday the SPI200 Sept 09 contract began to develop following the distribution higher the previous session. Friday night the development continued and is 4171 to 4128. The market closed balanced.
Key resistance is at 4214, 4220, 4230/38, 4249, 4270, 4278 and 4286. Key support is at the current session point of control 4196, 4182, 4171, 4162, 4154/50
The previous session value area (70% of session volume) was 4177 to 4214 and is currently 4187 to 4204.
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 SPI200 Sept 09 contract continued the distribution higher yesterday, although a late session responsive sell tail triggered at 4240, where responsive selling took the market back into the development in the close.
Overnight the market held support at the previous session point of control 4202, in the opening phase. An initiating buy tail triggered at 4220, and the market distributed higher through the session. Responsive sell tail triggered at 4277 where responsive selling has market trade lower late in the morning to close at 4266.
Key resistance today is at previous point of control 4278-4288, previous development high 4302, 4318, 4325, previous development low 4334, 4349 and 4363. Key support at 4258, current session point of control 4240, 4233, and previous development high 4228, 4220, 4214 and 4202.
The previous session value area was 4192 to 4226 and is currently 4227 to 4264.
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 SPI200 Sept 09 contract continued the distribution higher yesterday, although a late session responsive sell tail triggered at 4240, where responsive selling took the market back into the development in the close.
Overnight the market held support at the previous session point of control 4202, in the opening phase. An initiating buy tail triggered at 4220, and the market distributed higher through the session. Responsive sell tail triggered at 4277 where responsive selling has market trade lower late in the morning to close at 4266.
Key resistance today is at previous point of control 4278-4288, previous development high 4302, 4318, 4325, previous development low 4334, 4349 and 4363. Key support at 4258, current session point of control 4240, 4233, and previous development high 4228, 4220, 4214 and 4202.
The previous session value area was 4192 to 4226 and is currently 4227 to 4264.
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 SPI200 Sept 09 contract continued to distribute higher yesterday, to previous development high 4302, where responsive selling took the market lower and develop through the course of the session. Overnight the market rejected the downside at key support 4233, and trading through the morning was higher into development which is now 4240 to 4296.
Key resistance is at 4278/88, 4302, 4318, 4325, previous development low 4334, 4349 and 4363. Key support at previous session value area 4268, 4258, current point of control 4245, 4233, previous development high 4228, 4220, 4214 and 4202.
The previous session value area was 4238 to 4284 and is currently 4241 to 4271.
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 SPI200 Sept 09 contract continued to distribute higher yesterday, to previous development high 4302, where responsive selling took the market lower and develop through the course of the session. Overnight the market rejected the downside at key support 4233, and trading through the morning was higher into development which is now 4240 to 4296.
Key resistance is at 4278/88, 4302, 4318, 4325, previous development low 4334, 4349 and 4363. Key support at previous session value area 4268, 4258, current point of control 4245, 4233, previous development high 4228, 4220, 4214 and 4202.
The previous session value area was 4238 to 4284 and is currently 4241 to 4271.
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 SPI200 Sept 09 contract failed to distribute higher yesterday triggering a responsive sell tail at 4292, to take the market back into the current 4240 to 4296 development. A responsive buy tail was triggered at 4234 late in the session to initiate a distribution lower. Overnight the market continued the distribute lower where responsive buying broke the fall at the previous point of control 4196 midsession, and took the market higher through the morning to be capped at the prior development low 4240.
Key resistance is at current point of control 4234, previous development low 4240, 4258, 4268, 4280, 4288, 4296, 4302, 4818. Key support at 4220, 4214, 4202, 4196, 4182, 4171, 4163, 4158/50.
The previous session value area was 4240 to 4275 and is currently lower 4209 to 4234.
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 SPI200 Sept 09 contract failed to distribute higher yesterday triggering a responsive sell tail at 4292, to take the market back into the current 4240 to 4296 development. A responsive buy tail was triggered at 4234 late in the session to initiate a distribution lower. Overnight the market continued the distribute lower where responsive buying broke the fall at the previous point of control 4196 midsession, and took the market higher through the morning to be capped at the prior development low 4240.
Key resistance is at current point of control 4234, previous development low 4240, 4258, 4268, 4280, 4288, 4296, 4302, 4818. Key support at 4220, 4214, 4202, 4196, 4182, 4171, 4163, 4158/50.
The previous session value area was 4240 to 4275 and is currently lower 4209 to 4234.
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.
