Trading The SPI - NON-Gann Techniques

[GMS]

Good Morning,

The SPI200 Dec 09 contract attempted another distribution lower outside the 4683 to 4740 established development yesterday morning. Responsive buying rejected the distributive move again in the low 4650s and the rotated higher through the remainder of the session, to trade back inside the development.

Responsive buying rejected another break lower early in the night session, rotating the market higher into the development. A midsession initiating buy tail trigger at 4715 saw the market extend through the development high 4740. Responsive selling through the morning session has seen the market develop around this prior development high, capping the distributive move.

The double distribution to the upside overnight indicates potential for higher prices. A continuation of the distribution higher opens resistance at previous development high 4761 on 24/9. A rotation back through 4740 takes the market back into the established development and balanced, with key support the commencement of the initiating buy tail 4715.

Resistance levels 4748, 4761, 4773, 4781, 4797, 4814, 4822, 4842
Support levels 4740, 4736, 4727, 4715, 4696, 4691, 4683 and 4668.


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.

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 December 09 contract continued the distribution higher yesterday extending to 4779 where responsive selling capped the advance, and the market commenced a new development through the remainder of the session.

Overnight the market triggered a responsive sell tail at 4770 indicating a short term rejection of the distribution higher, and the market developed in a range 4743 to 4768 through to the close, showing signs of a balancing market, following the prior session distribution and imbalance.

A break of the previous session point of control 4743 (and previous development high 4740) opens possibility for a rotation back into the previous development 4683 to 4740, with key support at 4715. A rotation higher into the current development sees resistance at the current point of control 4753, and development high 4768.

Resistance levels 4753, 4768, 4777, 4781, 4797, 4814, 4822, 4842
Support levels 4743/40, 4727, 4715, 4696, 4691, 4683, 4672, 4668, 4652

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.

 

[acouch]

morning all,
how yesterdays's road map is looking close to its 24hr cycle..
ac

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[GMS]

Good morning,

The SPI200 December 09 contract continued to trade within the prior session development yesterday, responsive selling again rejecting a break above the high 4770’s and responsive buying rejecting breaks below key support 4740.

Overnight the market continued to trade within the development before a midsession rotation off the point of control 4766, initiated a sell tail distributive break below the 4740 development low. A responsive buy tail at 4707 rejected the break and the market rotated higher. The market failed to break back inside the prior session development low 4740 through the reminder of the session, developing in a range low 4720s to 4739.

A rotation back inside the prior development sees key resistance at 4756, current point of control 4768, and 4779. A continuation of the distributive break lower sees key support at 4715, 4707, 4696 and 4683.

Resistance levels 4740/43, 4748, 4756, 4768, 4779/81, 4797, 4814, 4822
Support levels 4727, 4715, 4707, 4696, 4691, 4683, 4668, 4652.


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.

 

[acouch]

evening all,
if nothing else you have to love the LIS
ac

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 December 09 contract rotated back into the established development on the reopen yesterday where responsive selling capped the advance at the point of control 4668. A midsession rotation took the market lower where another responsive buy tail at 4706 rejected the distribution lower.

Overnight the market opened to a balanced session before a midsession initiating sell tail triggered at 4699, that opened a new distributive move to 4652, where responsive buying rejected the break and the market began to develop 4652 to 4671. In the closing phase the market broke to another distributive move to close 4645.

The second distributive break below 4652 in the closing phase (which is yet to trigger a rejecting responsive sell tail) and double distribution to the downside indicates potential for a continuation of this move today.

A rotation back above 4652 open possibility for a continuation to 4671 then 4683 and 4700. A continuation of the distributive break lower open support at 4620, 4597, 4583 and 4560.

Resistance levels 4652, 4661, 4668/71, 4683, 4691, 4700, 4707, 4716, 4727
Support levels 4635, 4627, 4619, 4612, 4600, 4589, 4583, 4562/58


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.

 

[acouch]

good morning all
Monday's road map
have a great weekend, and take care
ac

 

[noosatrader]

good morning all
Monday's road map
have a great weekend, and take care
ac

Hi Acouch,was just wondering if there was any link or write up on how the road map works, just so I can get an understanding of it,I really appreciate your time.Cheerz

 

[acouch]

Hi Acouch,was just wondering if there was any link or write up on how the road map works, just so I can get an understanding of it,I really appreciate your time.Cheerz

noosa trader, the road maps are my own invention, but they stem from the Andrews pitchfork..{called by most pitchforks } if you go to this link below you will learn about pitchforks..
hope this is of some help to you
ac

http://www.marketgeometry.com/

 

[MONEYKING]

Hi acouch thanks for your road map in the mornings i can not trade with out it any more .I have attach a chart with the cci what i am using i was wondering if you could tel me what time frame do you use when the market starts and threw the day and are you using ticks .I have been using 3,5-min charts at the moment.I do buy into the pre-market 9h50 and do about 10-15 round trips per day.I am using Ninja trader threw pats my broker is mfglobel and they are charting $8 per site .

Cheers .:chainsaw:

 

[acouch]

Hi acouch thanks for your road map in the mornings i can not trade with out it any more .I have attach a chart with the cci what i am using i was wondering if you could tel me what time frame do you use when the market starts and threw the day and are you using ticks .I have been using 3,5-min charts at the moment.I do buy into the pre-market 9h50 and do about 10-15 round trips per day.I am using Ninja trader threw pats my broker is mfglobel and they are charting $8 per site .

Cheers .:chainsaw:

hi moneyking,

i am glad that you are finding the road map of help to you, and this one seems to be working very well, as sometimes it takes a while for it to settle down into a new contract.

the road map as you know is worked on a 10min chart..though i use a 5 tic chart or a 50 volume chart for scalping, which of course can be a great entry for a change in trend with the roadmap figs..
i use interactive brokers which charge a 10 dollar return so ideal for scalping.
and spi data is no charge atm..
ninja trader is a great prodict..and if use to it..keep using it, i just use bracket-trader.com..
nice and simple for me..
the cci nos you can use..50 cci to hold you in the trend..with 14 and 6
the break of the +/-100 on cci is something to watch
have fun
ac

 

[acouch]

how Monday's road map is shaping up in to sycom from the days trading
ac

 

[noosatrader]

noosa trader, the road maps are my own invention, but they stem from the Andrews pitchfork..{called by most pitchforks } if you go to this link below you will learn about pitchforks..
hope this is of some help to you
ac



Cheers Acouch...

 

[acouch]

good morning all,
today's road map (a little late, slept in ):sleeping:

have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 December 09 contract continued the distributive break lower on Friday and through Friday night, where a responsive buy tail trigger at 4547 rejected the break lower. Yesterday and overnight the market developed in a range 4571 to 4632, with an initiating buy tail trigger at 4620 overnight.

A break through the development high 4632 opens potential for a distribution into a small development from Friday 4641 to 4671, then 4700. A break of 4620 opens potential for a rotation back to the current point of control 4598, 4571 and 4552/47.

Resistance levels 4632, 4641, 4652, 4668/71, 4683, 4691, 4700, 4707, 4716, 4727
Support levels 4620, 4612, 4600/4598, 4589, 4578, 4562/58, 4547, 4529, 4510.

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.

 

[acouch]

good morning all,
today's road map
have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 December 09 contract rejected the distributive break higher on the reopen yesterday rotating lower through the session. Overnight the market rotated higher off the previous session point of control 4601. An initiating buy tail triggered at 4622 with the market extending to 4671 where a responsive sell tail rejected the distributive break. The market developed through the remainder of the session 4641 (current point of control) to 4671.

A break of the 4671 development high opens potential to 4691 and 4700. A break of 4641 opens potential for support at 4622, and 4601.

Resistance levels 4671, 4683, 4691, 4700, 4707, 4716, 4727, 4740
Support levels 4652, 4641, 4635, 4622, 4612, 4601, 4589, 4583, 4578, 4571, 4562/58

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.