Trading The SPI - NON-Gann Techniques

Bronte · 5 March 2007

How the SPI has fallen since 6050 High:

Kauri · 5 March 2007

Another little ledge forming, waiting for US direction??

professor_frink · 5 March 2007

howdy folks,
just some off topic non spi ramblings again
Check this madness out-
-911 pts on the HSI

wayneL · 5 March 2007

professor_frink said:
howdy folks,
just some off topic non spi ramblings again
Check this madness out-
-911 pts on the HSI

Oooeer! Noticed other asian markets thoroughly worked over as well... Singapore down nearly 4% for eg

Nice day-trading conditions but. US markets will gap open big time and it will be a guessing game who takes over from there. The cavalry would be under starters orders I imagine.

professor_frink · 5 March 2007

wayneL said:
Oooeer! Noticed other asian markets thoroughly worked over as well... Singapore down nearly 4% for eg

Nice day-trading conditions but. US markets will gap open big time and it will be a guessing game who takes over from there. The cavalry would be under starters orders I imagine.

Beautiful daytrading conditions
My bet is for a quick and violent short squeeze not long after the open tonight

wayneL · 5 March 2007

professor_frink said:
My bet is for a quick and violent short squeeze not long after the open tonight

Yes, I'm pulling on my bull disguise (realistic looking, made it from all the bull carcasses lying around ) and sneaking over to the other side for a bit i think.

Of course, I have made it with quick release catches...

professor_frink · 5 March 2007

wayneL said:
Yes, I'm pulling on my bull disguise (realistic looking, made it from all the bull carcasses lying around ) and sneaking over to the other side for a bit i think.

Of course, I have made it with quick release catches...

dubiousinfo · 5 March 2007

Wayne your pics are classics !

Kauri · 6 March 2007

Nearly decision time... wonder if the line will hold..

wayneL · 6 March 2007

Dow just ticked green

wayneL · 6 March 2007

wayneL said:
Dow just ticked green

I hung on for the full 8 seconds.

This pattern is quite common in the US indices.... gap down at s1 or s2, gap fill and linger around pivot point and/or chop between s1 and PP. (sorry no chart, it's running on my other 'puter) This pattern is usually good for 30-50 dow points if you get it right.

The thing I've taken away from tonights action is that the pattern was good for in excess of 100 dow points.

The return of volatility! YAY!

wayneL · 6 March 2007

The Bears won in the end, NZ opens on a downer; I suspect more hemorrhaging for the XJO and Asia today.

Good luck.

Kauri · 6 March 2007

Taken a short trade looking for an afternoon decline , maybe into tonight...

Edwood · 6 March 2007

Kauri said:
Taken a short trade looking for an afternoon decline , maybe into tonight...

& off we go! looks like short covering, hope you're stop was tight Kauri

Kauri · 6 March 2007

& off we go! looks like short covering, hope you're stop was tight Kauri

Hi Ed..
Stop was at the red line on my chart...5737 if I remember correctly. I only risk a fixed amount per trade... fixed fractional I think they call it, so only 1R down..
After i placed the trade I noticed the call/put $A turnover figures blew out from $38mill call..$22mill put at 1300pm to...
...........$76mill call..$25mill put at 1400pm....
another piece of the jigsaw may be dropping into place???
Cheers
Kauri

>Apocalypto< · 6 March 2007

what a day boys!!

went long over the aussie200 cash from IG markets and it just keep going just sold at 4:20 kept this one to a day trade. 110 pts today not bad for a days work!

have a contract over the dow will see how strong the lead up is to there market open i got it at +20 now its +51.

Edwood · 6 March 2007

aye nice moves provided you're on the right side of them! well done Trade-It! lets hope for more of the same for the rest of the month

Edwood · 6 March 2007

Kauri said:
Hi Ed..
Stop was at the red line on my chart...5737 if I remember correctly. I only risk a fixed amount per trade... fixed fractional I think they call it, so only 1R down..
After i placed the trade I noticed the call/put $A turnover figures blew out from $38mill call..$22mill put at 1300pm to...
...........$76mill call..$25mill put at 1400pm....
another piece of the jigsaw may be dropping into place???
Cheers
Kauri

so that was value & not quantity traded? what were the quantity ratios like?

>Apocalypto< · 6 March 2007

wayneL said:
Yes, I'm pulling on my bull disguise (realistic looking, made it from all the bull carcasses lying around ) and sneaking over to the other side for a bit i think.

Of course, I have made it with quick release catches...

classic pic!!

CanOz · 6 March 2007

Kauri said:
After i placed the trade I noticed the call/put $A turnover figures blew out from $38mill call..$22mill put at 1300pm to...
...........$76mill call..$25mill put at 1400pm....
another piece of the jigsaw may be dropping into place???
Cheers
Kauri

I'm curious Kauri, what are you saying here specifically?

Trading The SPI - NON-Gann Techniques

Trading The SPI for 20+ years

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