Trading The SPI - NON-Gann Techniques

[nat]

yes it is good when a plan comes together doesnt happen for me to often but ,still in steep learning curve ,weight of evidence to get one on right side works for me usually and stops if wrong .

Ive been tyring to take more notice of times like end of month ,options expiry day ,and futres rollover days ,so much more to trading the spi then i ever thought but loving it .Nathan

 

[Edwood]

yep indices are fun - always something going on!

and lots of different ways to trade them too, somethnig for everyone
usually (except the bears in these markets - just buy the dips looks like the way forward )

have to be a little wary of volatile days tho like major news & expiries imo, trending days are usually much less stressful

 

[Bronte]

Ive been tyring to take more notice of times like end of month ,options expiry day ,and futures rollover days ,so much more to trading the spi then i ever thought but loving it .Nathan

Hi Nathan / Edwood,
We covered a lot of this type of trading in the 4000 posts on the original 'Trading the SPI' thread, and also three to four years ago at RC.
Glad you are enjoying trading the SPI

 

[Euler]

the signal could be in ... if not in ... on the verge

 

[Edwood]

the signal could be in ... if not in ... on the verge

grrr?

 

[Euler]

the signal could be in ... if not in ... on the verge

btw ... i could be very very wrong!!

 

[Edwood]

btw ... i could be very very wrong!!

thats what stops are for no? but seriously - after all the super money coming in this month end, I'm wondering whats going to drive us up next?

ideally I'd like to see the 5,770 area taken out before gettnig too excited, and prob best to wait to see what the FOMC have to say tomorrow morning

 

[Euler]

the signal could be in ... if not in ... on the verge

requires a break of mid 50's. volume not impressive atm

 

[Euler]

the signal could be in ... if not in ... on the verge

now need the follow through. volume picked up from a targetted wimpy 13k to an impressive 18k in the last 1-1/2hrs

 

[Edwood]

I have us closing on support - looks like we are left waiting on the FOMC minutes now....

 

[Bronte]

What support is that then Edwood?

 

[Edwood]

if you draw a trend line under the lows Bronte its referred to as support, sort of like this

 

[Bronte]

Thank you Edwood

 

[Edwood]

Thank you Edwood

only kidding B

my map might be different to SPI tho - I'm looking at 24hr data from a spreadbet firm but thats what I trade so I just gotta get used to it. tends to work out OK - ie the patterns & fibs etc still pretty much apply as expected so overall levels seem to be unaffected - I just get a bit of xtra sideways action with mine

 

[Edwood]

no change to US rates, Dow making new highs, currently +116

 

[professor_frink]

howdy folks,

haven't been doing many trades on the spi this week due to family stuff, but have had enough time in the arvos to carry on the HSI trading. There have been some monstrous moves this week(not that it translates into much money at all on the mini contract!!!!)

Here's an example of what I'm staring at, and why I want to get myself involved in this beast-

yes, that's a range of over 300 pts for the day

And yes, today's range is less than yesterday's

I'm kind of hoping for a few narrow range choppy days to trade in before I upgrade myself to the full sized contract, just so I can get a feel for how they play out(and to see how much I get chopped out of trades and smacked around lol!)

 

[>Apocalypto<]

Hello SPI warriors!

I do a bit of trading over the xjo at the moment. Now looking to start on the spi.

I see a lot of you mainly Fink use ambibroker or something like that.

cau you get a volume reading on the spi and obv using ambibroker (Fink????)

 

[professor_frink]

Hello SPI warriors!

I do a bit of trading over the xjo at the moment. Now looking to start on the spi.

I see a lot of you mainly Fink use ambibroker or something like that.

cau you get a volume reading on the spi and obv using ambibroker (Fink????)

howdy Trade It,

Yes, you can get OBV on amibroker, I'm not quite sure what you mean by a 'volume reading', but if you are just referring to having the volume displayed on the chart, then yes, you can do that too.

Good luck with the spi if you do decide to give it a go, If you have any questions about it, feel free to ask, I'm sure one of us will be able to help

 

[>Apocalypto<]

thanks PF

i will do, SPI looks like such fun.

one Q do any of you guys know if the ETCFD's coming out this year will have the SPI in it? or maybe just the XJO................

 

[professor_frink]

thanks PF

i will do, SPI looks like such fun.

one Q do any of you guys know if the ETCFD's coming out this year will have the SPI in it? or maybe just the XJO................

what's an ETCFD Trade it?