- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
nice lucky..hod 48 lod 06
even taking it off at first no of 33..nice points to be had..
and you had a great entry on the long at 15/16 with quite a nice stop below lod..
ac
Not sure if this jpg will be seen inline or not, but will say that i followed the morning downtrend instead of going long.
missed the LIS bounce entry at around 11:21.
The rest of the day was too scattered for me, trying to just follow trends.
Hope to start trading one contract next week, using Sierra and IB.
missed the LIS bounce entry at around 11:21.
The rest of the day was too scattered for me, trying to just follow trends.
Hope to start trading one contract next week, using Sierra and IB.
Attachments
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
Good Morning,
The SPI200 Sept 09 contract opened overnight to trade above the responsive sell tail of 26/8, 4455, and again rejected the distribution higher at 4462 to rotate back into the current development. An initiating sell tail triggered at 4440, with a responsive buy tail off 4420 rejecting the break lower. A rotation back higher saw a responsive sell tail trigger again at 4463, and the market closing lower at 4453.
The market continued to rotate in the development overnight, that is now 4408 to 4462. A distribution to the upside sees resistance at 4492, 4510 and previous development low 4562. A rotation lower sees support at 4440, 4420 and 4406/02.
Resistance levels current point of control 4455, 4462, 4470, 4485, 4492, 4497, 4510, 4222, 4529, 4549. Support 4440, 4435, 4420, 4408, 4402, 4396, 4386, 4369, 4362.
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 overnight to trade above the responsive sell tail of 26/8, 4455, and again rejected the distribution higher at 4462 to rotate back into the current development. An initiating sell tail triggered at 4440, with a responsive buy tail off 4420 rejecting the break lower. A rotation back higher saw a responsive sell tail trigger again at 4463, and the market closing lower at 4453.
The market continued to rotate in the development overnight, that is now 4408 to 4462. A distribution to the upside sees resistance at 4492, 4510 and previous development low 4562. A rotation lower sees support at 4440, 4420 and 4406/02.
Resistance levels current point of control 4455, 4462, 4470, 4485, 4492, 4497, 4510, 4222, 4529, 4549. Support 4440, 4435, 4420, 4408, 4402, 4396, 4386, 4369, 4362.
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.
good morning all,
today's road map, you might notice some difference,
as i lost all my charts yesterday :-(
but i watched this chart yesterday, and seem to be going ok..
have a great day, and good trades
ac:
ok let me know once your confident with the new setup acouch
j
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
Attachments
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
didnt do to bad lucky, we have moved in to sycom...
ac
Looking very good, i'm glad you didn't lose your skill.
i'd like to scalp a trend or two, acouch have you had any success with scalping 4 contracts at a time? I question if market depth is sufficient sometimes.
One observation i've made in the limited time i've watched this market is that in the 10 minutes before 10 AM, the market can be dpended on being one directional, does anyone notice that as well?
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
i usually enter at market..as i am watching it all the time..so i don't have much trouble..
very rare do i take a trade at open..i like to see the cash open..
there are plenty of trades during the day, so there is no hurry, i like the market to come to me
ac
Thanks for that input acouch,
I'm having relative success anticipating moves and placing stop orders ahead of projected moves, all very discretionary and simulated.
I am hoping the IB sim is accurate about market depth.
Sometimes size isn't discussed on boards so won't bug you about 4 contracts again, unless, of course,you didn't have the time to comment ;-> aka
I'm having relative success anticipating moves and placing stop orders ahead of projected moves, all very discretionary and simulated.
I am hoping the IB sim is accurate about market depth.
Sometimes size isn't discussed on boards so won't bug you about 4 contracts again, unless, of course,you didn't have the time to comment ;-> aka
I was wanting to ask about the terms sell/buy tail, so I googled them, and along with search term "chart", your board entries came up top of the google listing, which signified to me, at least, that the terms are fairly unique.
Sorry if you may have defined them earlier in the 170 odd pages of this board subject, but what are buy and sell tails, and if they are based on candle charts, (perhaps they are candle "wicks"?) what is the intraday bar period you are using?
- Joined
- 4 January 2005
- Posts
- 1,231
- Reactions
- 0
Good Morning,
The SPI200 Sept 09 contract rotated back into the established development yesterday with a responsive sell tail triggered at 4522 early in the session. A late session responsive buy tail triggered at 4463. Overnight the market continued to rotate within the development.
A break of 4455 opens the possibility of a rotation back to 4428/22, then 4406 previous development highs. A rotation higher sees resistance at yesterday’s point of control 4497, then 4522.
Resistance levels 4463, 4470, 4485, 4497, 4510, 4522, 4535, 4549, 4561 and 4576. Support levels 4455, 4435, 4428, 4422, 4406, 4396, 4386, 4379, 4369 and 4362.
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 rotated back into the established development yesterday with a responsive sell tail triggered at 4522 early in the session. A late session responsive buy tail triggered at 4463. Overnight the market continued to rotate within the development.
A break of 4455 opens the possibility of a rotation back to 4428/22, then 4406 previous development highs. A rotation higher sees resistance at yesterday’s point of control 4497, then 4522.
Resistance levels 4463, 4470, 4485, 4497, 4510, 4522, 4535, 4549, 4561 and 4576. Support levels 4455, 4435, 4428, 4422, 4406, 4396, 4386, 4379, 4369 and 4362.
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.
Luck City,
The tails are single prints on a market profile chart. Tails can be initiating or responsive in nature, and the break level (commencement) of a tail has the potential to act as resistance/support for the market in the future.
The Chicago Mercantile Exchange website has good educational material on market profile charting, if you would like an indepth inderstanding of the theory.
http://www.cmegroup.com/education/interactive/marketprofile/handbook.pdf
Cheers,
GMS
The tails are single prints on a market profile chart. Tails can be initiating or responsive in nature, and the break level (commencement) of a tail has the potential to act as resistance/support for the market in the future.
The Chicago Mercantile Exchange website has good educational material on market profile charting, if you would like an indepth inderstanding of the theory.
http://www.cmegroup.com/education/interactive/marketprofile/handbook.pdf
Cheers,
GMS
