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Trading The SPI - NON-Gann Techniques
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Acouch,
Can obviously only speak for myself, but the theme here is 'trading the spi' and I can't see any value in posting a roadmap that doesn't relate to this. The forum should discuss trading methods and trades, rather than be filled with an indicator that makes no reference to any trading method.
If others gain benefit from using this with their method, great, suggest you post the indicator and let them get on with it.
But I've seen dozens of your roadmaps and find you consistently push off suggestions to explain what use it is. Please point to an explanation or explain now before posting the next map. May be a failing in me, but I'm not on your wavelength.
If others are making great money using this and I'm 'talking through a hole in my head' please take a minute to explain. Forums are supposed to be about mutual benefit, this is one I just find unhelpful.
Can obviously only speak for myself, but the theme here is 'trading the spi' and I can't see any value in posting a roadmap that doesn't relate to this. The forum should discuss trading methods and trades, rather than be filled with an indicator that makes no reference to any trading method.
If others gain benefit from using this with their method, great, suggest you post the indicator and let them get on with it.
But I've seen dozens of your roadmaps and find you consistently push off suggestions to explain what use it is. Please point to an explanation or explain now before posting the next map. May be a failing in me, but I'm not on your wavelength.
If others are making great money using this and I'm 'talking through a hole in my head' please take a minute to explain. Forums are supposed to be about mutual benefit, this is one I just find unhelpful.
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i have explained the road map numerous times..and i am not a teacher.
take the effort and seek the answers, i am not here to spoon feed.
but if the road map isn't any benefit to others i am quite happy to stop posting it..it takes a lot of my time, and you might be surprised, i do not get paid to do it either.
i look forward to seeing what you will contribute to this thread.
take care out there , it can be a nasty place
ac
Knoxy ,acouch has explained it heaps of times over a year or two ,get a chart and put the levels on and see how price reacts to these levels during the coarse of the day .If really serious about learning to trade the spi a couple of hours going through this thread should be easy to do .
In this game nothing comes easy and even if she explained point by point it might not suit your style of trading.
Acouch still finding your charts most helpful as im sure there is many others finding that to ,thanx for your efforts in putting them up each day.
Nathan
In this game nothing comes easy and even if she explained point by point it might not suit your style of trading.
Acouch still finding your charts most helpful as im sure there is many others finding that to ,thanx for your efforts in putting them up each day.
Nathan
professor_frink
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Knoxy,
2 minutes looking through the thread and I came up with the following posts that should give you a decent understanding of how these charts are constructed. Click on the arrow after acouch's name in the quotes below and it'll take you to the posts to see the charts that go with the posts.
The theory is that these levels will act as support and resistance during the day. The solid red line in the middle of the chart that ac has shown this morning is what she refers to as the line in the sand, and it can be used as a guide to be bullish above/bearish below.
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Thanks guys,
Its cool you find them useful and have slapped me down. Admit that I didn't look through the full SPI thread. I'm a forex daytrader wanting to see what the attraction of SPI is. But I've gone right through GBPUSD and EURUSD threads where same maps provided. I'll read the links provided, no offence intended.
I'm aware 'nothing comes easy', been trading for more than 20y with all the scars.
As for me contributing, will do so here if I end up trading the SPI. If you'll indulge me with posting one non-SPI chart, the attached 30m chart for last three days EURUSD shows a modified HA provides excellent indication of dynamic support and resistance (top edge red, bottom edge green). I'll edit out the chart if taboo. Cheers.
Its cool you find them useful and have slapped me down. Admit that I didn't look through the full SPI thread. I'm a forex daytrader wanting to see what the attraction of SPI is. But I've gone right through GBPUSD and EURUSD threads where same maps provided. I'll read the links provided, no offence intended.
I'm aware 'nothing comes easy', been trading for more than 20y with all the scars.
As for me contributing, will do so here if I end up trading the SPI. If you'll indulge me with posting one non-SPI chart, the attached 30m chart for last three days EURUSD shows a modified HA provides excellent indication of dynamic support and resistance (top edge red, bottom edge green). I'll edit out the chart if taboo. Cheers.
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morning all,
no spi road map today, as it is expiry
and i hav'nt set up June one as yet..hopefully it will be up and running
by Monday
good trades
ac
no spi road map today, as it is expiry
and i hav'nt set up June one as yet..hopefully it will be up and running
by Monday
good trades
ac
Good Morning,
The SPI200 June 10 contract was unable to continue the distribution higher on the reopen yesterday and resumed development. A midsession responsive buy tail at 4848 rotated the market back into the development and a late session initiating buy tail at 4879 extended the market higher.
In the overnight session, the market initially rotated lower to a rejecting responsive buy tail at 4879, that rotated the market higher to 4893 initially and development. The distribution higher resumed midsession continuing to a rejecting responsive sell tail at 4909 and development in a 4892 to 4908 range into the close.
The market continues to alternate between distributions higher and periods of development. The market resumed development into the close this morning, although the bias remains bullish.
Key resistance is at 4909, 4917/23 and 4941.
Key support is at 4879, a break opens potential for a rotation to 4867. Key support follows at 4850.
Resistance: 4879, 4884, 4892, 4899, 4909, 4917, 4923, 4934, 4938, 4941
Support: 4867, 4862, 4850, 4844, 4835, 4830, 4822, 4812, 4806
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4840 to 4869
Overnight Session Closed 4885 to 4901
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 June 10 contract was unable to continue the distribution higher on the reopen yesterday and resumed development. A midsession responsive buy tail at 4848 rotated the market back into the development and a late session initiating buy tail at 4879 extended the market higher.
In the overnight session, the market initially rotated lower to a rejecting responsive buy tail at 4879, that rotated the market higher to 4893 initially and development. The distribution higher resumed midsession continuing to a rejecting responsive sell tail at 4909 and development in a 4892 to 4908 range into the close.
The market continues to alternate between distributions higher and periods of development. The market resumed development into the close this morning, although the bias remains bullish.
Key resistance is at 4909, 4917/23 and 4941.
Key support is at 4879, a break opens potential for a rotation to 4867. Key support follows at 4850.
Resistance: 4879, 4884, 4892, 4899, 4909, 4917, 4923, 4934, 4938, 4941
Support: 4867, 4862, 4850, 4844, 4835, 4830, 4822, 4812, 4806
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4840 to 4869
Overnight Session Closed 4885 to 4901
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.
Thanks for keeping them going ac. I for one follow them and think it's bloody great that you do take the effort to post them.
Same for GMS keeping his posts on market profile going. All good stuff.
If you've got something to contribute knoxy, that'd be good also but don't start off by attacking ac. She's been trading the spi and diligently posting for years which makes her knowledge and input here very valuable.
Same for GMS keeping his posts on market profile going. All good stuff.
If you've got something to contribute knoxy, that'd be good also but don't start off by attacking ac. She's been trading the spi and diligently posting for years which makes her knowledge and input here very valuable.
joolean,
Thanks. As a client advisor, writing the analysis is a time consuming experience, when there is alot on each morning and its done for SFE three and ten yr bonds as well as the SPI.
I have found it useful and so have my clients and ASF readers, which makes it worthwhile.
Cheers.
Thanks. As a client advisor, writing the analysis is a time consuming experience, when there is alot on each morning and its done for SFE three and ten yr bonds as well as the SPI.
I have found it useful and so have my clients and ASF readers, which makes it worthwhile.
Cheers.
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Good Morning,
The SPI200 June 10 contract opened to a rejecting responsive sell tail at 4902, and rotated lower back inside the establishing development, through the morning session. A midsession rejecting responsive buy tail at 4870 rotated the market higher through the session range.
In the overnight session and early session rejecting responsive buy tail at 4867 rotated the market higher extending through to an early morning rejecting responsive sell tail at 4897, and the market rotated back in the development to close 4887.
The market has traded in a development phase yesterday and overnight and is balanced. Bias remains bullish.
Key resistance is at 4897/02, 4909, 4917/23 and 4941.
Key support is at 4883/79, a break below negates the bullish bias, and opens potential for a rotation to 4867. A break at 4867 opens potential for a new distribution lower.
Resistance: 4892, 4897, 4902, 4909, 4917, 4923, 4934, 4938, 4941, 4958, 4692
Support: 4883, 4879, 4667, 4862, 4850, 4844, 4835, 4830, 4822
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4880 to 4898
Overnight Session Closed 4873 to 4890
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 June 10 contract opened to a rejecting responsive sell tail at 4902, and rotated lower back inside the establishing development, through the morning session. A midsession rejecting responsive buy tail at 4870 rotated the market higher through the session range.
In the overnight session and early session rejecting responsive buy tail at 4867 rotated the market higher extending through to an early morning rejecting responsive sell tail at 4897, and the market rotated back in the development to close 4887.
The market has traded in a development phase yesterday and overnight and is balanced. Bias remains bullish.
Key resistance is at 4897/02, 4909, 4917/23 and 4941.
Key support is at 4883/79, a break below negates the bullish bias, and opens potential for a rotation to 4867. A break at 4867 opens potential for a new distribution lower.
Resistance: 4892, 4897, 4902, 4909, 4917, 4923, 4934, 4938, 4941, 4958, 4692
Support: 4883, 4879, 4667, 4862, 4850, 4844, 4835, 4830, 4822
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4880 to 4898
Overnight Session Closed 4873 to 4890
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.
WaveSurfer
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Not much of a head and shoulders guy myself, I do take note of the ones on higher time frames (weekly +). There is one potentially forming on the weekly (chart is XJO BTW). Apologies if it's already been mentioned.
If I play these, it's usually aggressive - anticipating a move back towards the neckline to trigger all those sell orders sitting just below it.
If I play these, it's usually aggressive - anticipating a move back towards the neckline to trigger all those sell orders sitting just below it.
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Good Morning,
The SPI200 June 10 contract continued the bullish momentum on the reopen yesterday, trading shy of the development high 4909, and trading in a 4890 to 4907 range through the remainder of the session.
The market continued to trade within the development through the night session, triggering an early morning rejecting responsive buy tail at 4885 that rotated the market back in the development. An initiating buy tail at 4909 triggered late in the session that has commenced a new distribution out of the established development, closing at 4831.
The market is now in a distribution phase with minimal development and price acceptance since the distributive break at 4909 and the bias is bullish. A tail formation in the closing phase at 4928 is yet to indicate a rejecting responsive sell tail or commencement of another initiating buy tail, so there is uncertainty in the interim.
Key resistance is at 4934 initially, and 4941. A break at 4941 opens potential for a rotation to 4956/62.
Initial support is at 4925, a break opens potential for a rotation to 4914/09. Key levels follow at 4891/88.
Resistance: 4934, 4938, 4941, 4952 4956, 4962, 4971, 4978, 4985, 4992, 5000, 5009
Support: 4923, 4916, 4909, 4899, 4892, 4888, 4884, 4879, 4867, 4862
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4848 to 4894
Overnight Session Closed 4889 to 4910
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 June 10 contract continued the bullish momentum on the reopen yesterday, trading shy of the development high 4909, and trading in a 4890 to 4907 range through the remainder of the session.
The market continued to trade within the development through the night session, triggering an early morning rejecting responsive buy tail at 4885 that rotated the market back in the development. An initiating buy tail at 4909 triggered late in the session that has commenced a new distribution out of the established development, closing at 4831.
The market is now in a distribution phase with minimal development and price acceptance since the distributive break at 4909 and the bias is bullish. A tail formation in the closing phase at 4928 is yet to indicate a rejecting responsive sell tail or commencement of another initiating buy tail, so there is uncertainty in the interim.
Key resistance is at 4934 initially, and 4941. A break at 4941 opens potential for a rotation to 4956/62.
Initial support is at 4925, a break opens potential for a rotation to 4914/09. Key levels follow at 4891/88.
Resistance: 4934, 4938, 4941, 4952 4956, 4962, 4971, 4978, 4985, 4992, 5000, 5009
Support: 4923, 4916, 4909, 4899, 4892, 4888, 4884, 4879, 4867, 4862
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4848 to 4894
Overnight Session Closed 4889 to 4910
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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