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Trading The SPI - NON-Gann Techniques

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morning Freddy - its not the sort of thing I follow, but the posters here who trade around pivots etc might(?) if you think your loss could be unlimited then it doesn't sound like a very good strategy to me. why not back-test it then paper trade it? (which you should always do with any new ideas). hope this helps!
 
Yes, great post Edwood.
Very pleased that you have stayed with us.

How did you go with the "Pivot Points" Freddy I ?
The original 'Trading the SPI' had some useful info.
As well as the formula to work them out.

Todays Daily Pivot points are:

R3 5735
R2 5717
R1 5686
PP 5668
S1 5637
S2 5619
S3 5588
 
S1 is holding for now
5634 Low
 
Hey guys,

Yep taken on the advice re the pivot points and so on.

Some interesting reading.

I'll make sure ive got my stop losses nice and tight until ive done a fair bit more research.

Cheers for your help.
 
Glad we helped Freddy
Nice idea about "Tight Stops"
SFE has had some "issues" today
You can see 5635/7 held for a while:
 

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Cheers for the chart.

Not a great deal of direction from how I see it.

How could anyone make money trading that ? You'd have to take some pretty large positions on some pretty small point ranges or it'd be a waste of time...unless im mistaken
 
The daily numbers are 24, 41-19. The larger pictures shows value has congregated at the 37 level with 53 and 17 being the extremes. Beyond this 5594 provides a line in the sand below which we will see major lows tested.

ps. don't listen to anyone else ... do your own research
 
Thank you Euler.
Pivot Point 5632
S1 5610 R1 5647
S2 5595 R2 5669
 
Todays Pivot Points:
PP 5645
R1 5664 R2 5685 R3 5703
S1 5624 S2 5605 S3 5584
 
Bronte said:
Todays Pivot Points:
PP 5645
R1 5664 R2 5685 R3 5703
S1 5624 S2 5605 S3 5584
Click to expand...
Just out of curiosity, how did yesterday's 'pivot points' work out? cheers.
 
Bronte said:
Thank you Euler.
Pivot Point 5632
S1 5610 R1 5647
S2 5595 R2 5669
Click to expand...
Yesterday's SPI Day chart:
PP worked very well 5627 Low
R2 worked very well 5667 High
 

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Bronte said:
Todays Pivot Points:
PP 5645
R1 5664 R2 5685 R3 5703
S1 5624 S2 5605 S3 5584
Click to expand...
Out "Pivot Points' certainly worked well again today:
 

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Fair value on a 3 day basis has developed an interesting formation. From being concentrated over a specific tight range centred around the 5650's over the last week or so, it has now spread more thinly to include the 5720's. So far today, the price action has further filled gaps in the range. Depending how it performs on the SYCOM tonight will see whether those gaps are completely filled or whether it heads in a new direction (ie. moves to either end of the now wide range). Given it is ETO and LEPO expiration tomorrow, it is unlikely to break to the downside unless something spooks the world markets.


PS ... just my rambling thoughts ... do yr research and trade as you see it.
 
morning Euler,
all time highs made over night, should be an interesting open. Will be watching 5741/42, the 58-63 area and 5780 for trading today
 
professor_frink said:
morning Euler,
all time highs made over night, should be an interesting open. Will be watching 5741/42, the 58-63 area and 5780 for trading today
Click to expand...
On 3 day basis it has now broadened further. The value sitting on the mid 5720's. The 40's are good and 63 sits well. Beyond that will be a waiting game for me.
 
Euler said:
On 3 day basis it has now broadened further. The value sitting on the mid 5720's. The 40's are good and 63 sits well. Beyond that will be a waiting game for me.
Click to expand...
very good-that lines up with what I'm seeing well. Always nice when that happens

Or it could be bad for both of us
 
professor_frink said:
very good-that lines up with what I'm seeing well. Always nice when that happens

Or it could be bad for both of us
Click to expand...
lolol .... got to get back to trading!!
 
Nice 'Gap Open'
The SPI is now trying very hard to Close the gap.
 
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