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Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
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Know what you mean ,i thought i was just getting the hang of it and now no vol or much range in a day .Just observing for now and on simm. Good times will come again maybe ,Nathan
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Good Morning,
The SPI200 June 10 contract rotated to the high side of the current development in the opening phase yesterday. A mid afternoon initiating buy tail at 5001 distributed the market out of the development extending to 5015, to close 5005.
The distribution higher continued in the night market. Another initiating buy tail late session at 5027, has the market closing on the session high 5037.
The lack of a responsive sell tail at the highs indicates the market has yet to reject the distribution higher. Bias is bullish, with an initial target 5054.
Key resistance is at 5054, and 5085.
Key support is at 5024/21, a break opens potential for a rotation to 5002. Key levels also at 5015 and 4995.
Resistance: 5037, 5048, 5054, 5062, 5085, 5094, 5100, 5112, 5122, 5149
Support: 5027, 5021, 5016, 5007, 5000, 4995, 4978, 4971, 4964, 4958
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4963 to 4997
Overnight Session Closed 5003 to 5026
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 rotated to the high side of the current development in the opening phase yesterday. A mid afternoon initiating buy tail at 5001 distributed the market out of the development extending to 5015, to close 5005.
The distribution higher continued in the night market. Another initiating buy tail late session at 5027, has the market closing on the session high 5037.
The lack of a responsive sell tail at the highs indicates the market has yet to reject the distribution higher. Bias is bullish, with an initial target 5054.
Key resistance is at 5054, and 5085.
Key support is at 5024/21, a break opens potential for a rotation to 5002. Key levels also at 5015 and 4995.
Resistance: 5037, 5048, 5054, 5062, 5085, 5094, 5100, 5112, 5122, 5149
Support: 5027, 5021, 5016, 5007, 5000, 4995, 4978, 4971, 4964, 4958
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4963 to 4997
Overnight Session Closed 5003 to 5026
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.
I just got this from quicktick.blogspot.com
I thought i'll share it. The charts look great.
Hope some of it helps
Hi All
On the weekend I posted a possibility of targets, by keeping it simple.
As you can see on the chart the price followed through perfectly. Keeping it simply sometimes is best.
We are now nearing the resistance level 5048-53, top on broading pattern(weekend email attached chart)
Today?s levels, the Daily DSR Line is 5011, trading above that, Intraday is 5018, breakout point to upside 5021-29 and PP is 4979.
Putting all together, overnight the breakout point was 5024, we need the market to support at this point, and a break of the high 5048-53 to advance further.
So above 5053, the 5063 and a test of 5074-80.
Below 5024, and we could see a pullback 5012 than 5008.
Let?s see where it opens today
Enjoy your trading
I thought i'll share it. The charts look great.
Hope some of it helps
Hi All
On the weekend I posted a possibility of targets, by keeping it simple.
As you can see on the chart the price followed through perfectly. Keeping it simply sometimes is best.
We are now nearing the resistance level 5048-53, top on broading pattern(weekend email attached chart)
Today?s levels, the Daily DSR Line is 5011, trading above that, Intraday is 5018, breakout point to upside 5021-29 and PP is 4979.
Putting all together, overnight the breakout point was 5024, we need the market to support at this point, and a break of the high 5048-53 to advance further.
So above 5053, the 5063 and a test of 5074-80.
Below 5024, and we could see a pullback 5012 than 5008.
Let?s see where it opens today
Enjoy your trading
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Let me see…
Quicktick thinks the market is going up towards 5048-53 and then
towards 5074-80.
But below 5024 the target is 5008.
But you hold 80 points down?
What's Quicktick proper name?
Hello Frank D
I trade CFDs, because I work during the day and have to 2 boys, it’s a little hard for me to do this all the time. When I have days off I like to watch and trade 3 or 5 contracts. But I like to take long term trades, and hold.
I’m just a beginner, and trying to get some of my money back. I lost so much and everybody wants so much for their classes.
I look at quicktick and FXStreet and MSN Money and also The Trading Room (The Age). CMC has a free site you get daily information for the SPI also, but you have to have an account with them. I hope this helps.
I don’t really understand it all. All I know is she said that the market will go down on Friday. And it did.
I’m so happy I got this trade because I have been missing out on so much. So thank you quicktick for the hands up, good for her for giving it away. I was sharing my trade because I was happy.
Kate
I trade CFDs, because I work during the day and have to 2 boys, it’s a little hard for me to do this all the time. When I have days off I like to watch and trade 3 or 5 contracts. But I like to take long term trades, and hold.
I’m just a beginner, and trying to get some of my money back. I lost so much and everybody wants so much for their classes.
I look at quicktick and FXStreet and MSN Money and also The Trading Room (The Age). CMC has a free site you get daily information for the SPI also, but you have to have an account with them. I hope this helps.
I don’t really understand it all. All I know is she said that the market will go down on Friday. And it did.
I’m so happy I got this trade because I have been missing out on so much. So thank you quicktick for the hands up, good for her for giving it away. I was sharing my trade because I was happy.
Kate
CanOz
Home runs feel good, but base hits pay bills!
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EzyLay...err, you should check out Franks site. You might find some interesting things there.
Cheers,
CanOz
Good Morning,
The SPI200 June 10 contract rotated lower Friday to make a distribution break through the development low. Responsive buying negated break and rotated the market back inside the development.
The market continued trade within the development in the overnight market, until a midsession initiating sell tail at 4991 resumed the distribution lower extending to a responsive buy tail at 4933 that rejected the break lower and the market commenced price acceptance and development in a new range 4933 to 4964 into the close.
Key resistance is at 4962/64, a break opens potential for a rotation to prior development low 4995.
Key support is at 4950, a break opens potential for a rotation to 4933. A break at 4933 opens potential for a resumption of the distribution lower.
Resistance: 4955, 4962/64, 4971, 4978, 4991, 4995, 5000, 5008, 5015
Support: 4950, 4946, 4941, 4933, 4922, 4915, 4909, 4904, 4899, 4891
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4995 to 5021
Overnight Session Closed 4949 to 5006.
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 rotated lower Friday to make a distribution break through the development low. Responsive buying negated break and rotated the market back inside the development.
The market continued trade within the development in the overnight market, until a midsession initiating sell tail at 4991 resumed the distribution lower extending to a responsive buy tail at 4933 that rejected the break lower and the market commenced price acceptance and development in a new range 4933 to 4964 into the close.
Key resistance is at 4962/64, a break opens potential for a rotation to prior development low 4995.
Key support is at 4950, a break opens potential for a rotation to 4933. A break at 4933 opens potential for a resumption of the distribution lower.
Resistance: 4955, 4962/64, 4971, 4978, 4991, 4995, 5000, 5008, 5015
Support: 4950, 4946, 4941, 4933, 4922, 4915, 4909, 4904, 4899, 4891
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4995 to 5021
Overnight Session Closed 4949 to 5006.
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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just a few nos, and time to think about
05.18.2010 5186 - high ?
03.10.2009 3111 low
Range = 2075
434 cd's from above dates
/3 = 144
09.02.2008 5186
05.18.2010 5186 - high and lower dble top ?
= 623 cd's / 144 = 433
144x144 = 2074
360x144 = 5184
have a great day
ac
05.18.2010 5186 - high ?
03.10.2009 3111 low
Range = 2075
434 cd's from above dates
/3 = 144
09.02.2008 5186
05.18.2010 5186 - high and lower dble top ?
= 623 cd's / 144 = 433
144x144 = 2074
360x144 = 5184
have a great day
ac
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hahaha What was the go with with the open today, talk about money for jam, it was never going to hold at those levels for the open at least.
Missed the rebound though as I tend to only trade once or twice off the open, then the SPI is too much work.
Missed the rebound though as I tend to only trade once or twice off the open, then the SPI is too much work.
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