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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Good Morning,
The SPI200 Sept 09 contract initiated a buy tail at 4371 yesterday continuing to distribute higher through the session. A late session responsive sell tail at 4400 capped the advance. Overnight the distribution continued with further initiating buying off the 4400 level. A responsive sell tail triggered at 4454 to cap the session advance, and two way action saw some development the remainder of the session in a 4426 to 4451 range.
Key resistance is at 4454, 4462, 4476, 4485 previous development high 4492, 4510, 4519. Key support at previous development low 4439, 4431, 4421, 4409, 4400, 4395, 4386, 4371 and 4363.
The previous session value area was 4306 to 4372, and is currently 4415 to 4446.
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 initiated a buy tail at 4371 yesterday continuing to distribute higher through the session. A late session responsive sell tail at 4400 capped the advance. Overnight the distribution continued with further initiating buying off the 4400 level. A responsive sell tail triggered at 4454 to cap the session advance, and two way action saw some development the remainder of the session in a 4426 to 4451 range.
Key resistance is at 4454, 4462, 4476, 4485 previous development high 4492, 4510, 4519. Key support at previous development low 4439, 4431, 4421, 4409, 4400, 4395, 4386, 4371 and 4363.
The previous session value area was 4306 to 4372, and is currently 4415 to 4446.
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,
A responsive sell tail at 4470 capped the advance of the SPI200 Sept 09 contract Friday morning, to have the market rotate lower and develop through the course of the session. The commencement of the Friday night session, saw further development, until an initiating sell tail trigger midsession at 4416 took the market lower. Responsive buying off key level 4370 had the market rotate back although not within the development. A double distribution Friday night to the downside indicates potential to the downside.
Resistance levels 4400 13/8 responsive sell tail, 4409, 4416* overnight initial sell tail, 4430, previous session POC 4436, 4448, 4459, 4470. Support at 4395, 4386, 4376, 4370/69, 4363, 4349, 4335, 4328, 4302, 4296.
The previous session value area was 4417 to 4451 and is currently 4379 to 4430.
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.
A responsive sell tail at 4470 capped the advance of the SPI200 Sept 09 contract Friday morning, to have the market rotate lower and develop through the course of the session. The commencement of the Friday night session, saw further development, until an initiating sell tail trigger midsession at 4416 took the market lower. Responsive buying off key level 4370 had the market rotate back although not within the development. A double distribution Friday night to the downside indicates potential to the downside.
Resistance levels 4400 13/8 responsive sell tail, 4409, 4416* overnight initial sell tail, 4430, previous session POC 4436, 4448, 4459, 4470. Support at 4395, 4386, 4376, 4370/69, 4363, 4349, 4335, 4328, 4302, 4296.
The previous session value area was 4417 to 4451 and is currently 4379 to 4430.
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 rejected an upside advance yesterday at 4416 the prior session initiating sell tail trigger. The market rotated back into the prior session range to trigger a responsive buy tail at 4362. Overnight the market broke a new distribution lower with two initiating sell tail triggers at 4352 and 4328. Two way action featured through the session with development in a range 4312 to 4351.
Resistance is at commencement of initiating sell tail level 4328, 4335, 4339, 4352, 4362, 4369, 4376, 4386, 4395 and 4400. Support at commencement of initiating buy tail 4315 on 13/8, 4302, prior development high 4296, 4291, 4276, 4262 point of control 4262, 4253/50 and 4234.
The previous session point of control is 4374 to 4420 and is currently 4320 to 4347.
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 rejected an upside advance yesterday at 4416 the prior session initiating sell tail trigger. The market rotated back into the prior session range to trigger a responsive buy tail at 4362. Overnight the market broke a new distribution lower with two initiating sell tail triggers at 4352 and 4328. Two way action featured through the session with development in a range 4312 to 4351.
Resistance is at commencement of initiating sell tail level 4328, 4335, 4339, 4352, 4362, 4369, 4376, 4386, 4395 and 4400. Support at commencement of initiating buy tail 4315 on 13/8, 4302, prior development high 4296, 4291, 4276, 4262 point of control 4262, 4253/50 and 4234.
The previous session point of control is 4374 to 4420 and is currently 4320 to 4347.
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 SPI Sept 09 contract opened yesterday holding support at key level 4315 to rotate back into the prior session development. Two way action featured through the session. Overnight the market continued to rotate within the development in a balanced session.
A break above 4379 sees the potential for a rotation back to 4401 initially, then 4435 the point of control on 14/8. A break below POC 4340 on 13/8 & 18/8, opens potential for rotation back to 4315.
Resistance is at 4385, 4396, 4400, 4409, 4416, 4430, 4435, 4448, 4459 and 4470. Support is at 4369, 4362, 4355/54, prior point of control 4340/38, 4328, 4315, 4302 and 4296.
The previous session value area was 4325 to 4351 and is currently 4352 to 4373.
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 SPI Sept 09 contract opened yesterday holding support at key level 4315 to rotate back into the prior session development. Two way action featured through the session. Overnight the market continued to rotate within the development in a balanced session.
A break above 4379 sees the potential for a rotation back to 4401 initially, then 4435 the point of control on 14/8. A break below POC 4340 on 13/8 & 18/8, opens potential for rotation back to 4315.
Resistance is at 4385, 4396, 4400, 4409, 4416, 4430, 4435, 4448, 4459 and 4470. Support is at 4369, 4362, 4355/54, prior point of control 4340/38, 4328, 4315, 4302 and 4296.
The previous session value area was 4325 to 4351 and is currently 4352 to 4373.
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 opened yesterday to rotate from key level 4379 to resistance at 4401. Responsive selling capped the advance with the market rotating back to support near 4479 and again another rotation higher, which was capped again. A late session initiating sell tail triggered at 4335, and the session closed with the market distributing lower. Overnight the market reopened to a continuation of the distribution (and imbalance) lower. An responsive buy tail triggered at key level 4315 and responsive buying capped the break lower. Some market development took place through the session 4315 to 4341, with an initiating buy tail triggering a rotation back into the prior session development.
The distribution lower yesterday has been rejected overnight with the market rotating back into the previous development.
Resistance is at 4396, 4401, 4409, 4416, 4430, 4435, 4448 and 4459. Support is 4379, 4369, 4359, overnight point of control 4342/40, 4328, 4315, 4302 and 4296.
The previous session value area was 4352 to 4388 and is currently 4322 to 4368.
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 opened yesterday to rotate from key level 4379 to resistance at 4401. Responsive selling capped the advance with the market rotating back to support near 4479 and again another rotation higher, which was capped again. A late session initiating sell tail triggered at 4335, and the session closed with the market distributing lower. Overnight the market reopened to a continuation of the distribution (and imbalance) lower. An responsive buy tail triggered at key level 4315 and responsive buying capped the break lower. Some market development took place through the session 4315 to 4341, with an initiating buy tail triggering a rotation back into the prior session development.
The distribution lower yesterday has been rejected overnight with the market rotating back into the previous development.
Resistance is at 4396, 4401, 4409, 4416, 4430, 4435, 4448 and 4459. Support is 4379, 4369, 4359, overnight point of control 4342/40, 4328, 4315, 4302 and 4296.
The previous session value area was 4352 to 4388 and is currently 4322 to 4368.
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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Hi GMS,
Could you share how you calculate the Value Area figures for the SPI please?
Could you share how you calculate the Value Area figures for the SPI please?
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Good Morning,
The SPI Sept 09 contract, continued to rotate within the development yesterday, triggering a responsive sell tail again at 4396 to rotate lower through the session. Overnight the market rejected a break to the low side of the development early in the opening phase to rotate higher through the course of the session.
A break through 4335 has potential to rotate to 4362, then 4402. A break of 4315/10 has potential to rotate back to 4296, then 4271 and 4262.
Resistance is at 4344, 4354/55, 4362, 4369, 4379, 4386, 4396, 4402, 4409 and 4416. Support is at 4335, 4329, current session point of control 4319, 4315, 4310, 4296, 4291, 4276, 4262.
The previous session value area was 4329 to 4372 and is currently 4316 to 4338.
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 SPI Sept 09 contract, continued to rotate within the development yesterday, triggering a responsive sell tail again at 4396 to rotate lower through the session. Overnight the market rejected a break to the low side of the development early in the opening phase to rotate higher through the course of the session.
A break through 4335 has potential to rotate to 4362, then 4402. A break of 4315/10 has potential to rotate back to 4296, then 4271 and 4262.
Resistance is at 4344, 4354/55, 4362, 4369, 4379, 4386, 4396, 4402, 4409 and 4416. Support is at 4335, 4329, current session point of control 4319, 4315, 4310, 4296, 4291, 4276, 4262.
The previous session value area was 4329 to 4372 and is currently 4316 to 4338.
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.
Hello Midas,
The value area is 70% of the time price opportunities (trades) counted away from the point of control (median price of the session). Also known as the first standard deviation.
My chart automatically gives me the value area levels, I don't claculate them manually.
I hope you find the reports helpful in your trading.
Cheers.
The value area is 70% of the time price opportunities (trades) counted away from the point of control (median price of the session). Also known as the first standard deviation.
My chart automatically gives me the value area levels, I don't claculate them manually.
I hope you find the reports helpful in your trading.
Cheers.
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Good Morning,
The SPI200 Sept 09 contract triggered an initiating sell tail off 4336 Friday morning, and again at 4315 to distribute lower through the session. Responsive buying off 4229 rejected the break and the market rotated higher. On Friday night the market continued higher triggering an initiating buy tail off 4296 midsession, to trade the remainder of the session 4310 to 4330.
The close on Saturday indicates the market has again rejected the distribution lower to rotate back into the current development, where the development low is 4310/15. A continuation higher today sees rotation high 4349/54, then 4362 and 4402. A break below 4310 sees rotation back to 4296, then 4276 and 4262.
Resistance levels 4335, 4340, 4349/54, 4362,4369, 4379, 4386 and 4396. Support levels 4315/10, 4296, 4291, 4276, 4262, 4253, 4234, 4229.
The previous value area was 4262 to 4334 and is currently 4274 to 4320.
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 triggered an initiating sell tail off 4336 Friday morning, and again at 4315 to distribute lower through the session. Responsive buying off 4229 rejected the break and the market rotated higher. On Friday night the market continued higher triggering an initiating buy tail off 4296 midsession, to trade the remainder of the session 4310 to 4330.
The close on Saturday indicates the market has again rejected the distribution lower to rotate back into the current development, where the development low is 4310/15. A continuation higher today sees rotation high 4349/54, then 4362 and 4402. A break below 4310 sees rotation back to 4296, then 4276 and 4262.
Resistance levels 4335, 4340, 4349/54, 4362,4369, 4379, 4386 and 4396. Support levels 4315/10, 4296, 4291, 4276, 4262, 4253, 4234, 4229.
The previous value area was 4262 to 4334 and is currently 4274 to 4320.
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 traded higher in the established development yesterday triggering an initiating buy tail at 4346 off the open, to trade the bulk of the session in the 4361 to 4400 range. A late session responsive sell tail triggered at 4406 and the market closed 4419. Overnight the market developed in a 4400 to 4434 range, although an initiating sell tail off 4402 into the close this morning indicates the market may reject this new development and rotate lower.
A rotation lower sees 4362, then 4349 and 4315/10. A rotation to the upside sees 4436, 4454 and 4492.
Resistance levels 4402, 4416, 4424, 4435, 4448, 4459, 4470, 4485, 4492 and 4510. Support levels 4396, 4379, 4369, 4362, 4355, 4346, 4335, 4327, 4315/10.
The previous session value area was 4294 to 4388, and 4410 to 4430.
I'm away tomorrow and Thursday, and will not be able to write the report.
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 higher in the established development yesterday triggering an initiating buy tail at 4346 off the open, to trade the bulk of the session in the 4361 to 4400 range. A late session responsive sell tail triggered at 4406 and the market closed 4419. Overnight the market developed in a 4400 to 4434 range, although an initiating sell tail off 4402 into the close this morning indicates the market may reject this new development and rotate lower.
A rotation lower sees 4362, then 4349 and 4315/10. A rotation to the upside sees 4436, 4454 and 4492.
Resistance levels 4402, 4416, 4424, 4435, 4448, 4459, 4470, 4485, 4492 and 4510. Support levels 4396, 4379, 4369, 4362, 4355, 4346, 4335, 4327, 4315/10.
The previous session value area was 4294 to 4388, and 4410 to 4430.
I'm away tomorrow and Thursday, and will not be able to write the report.
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.
