Trading The SPI - NON-Gann Techniques

[professor_frink]

Where did you place your stoploss professor_frink?

inital stop @ 6120. Will add to the position @ 6060 if required.

 

[Edwood]

Friday afternoon - could be telling if we get a sell into the w/end or its held up into the cash close then sold off...

 

[Bronte]

We will be selling again at 6044
Given half a chance.

Looking very good lads
Now 6030 +14
SPI trade so far:

 

[Kauri]

Have gone short now, may be breaking down...

 

[Bronte]

Now 6024 +20 points
Have a good weekend

 

[wiseguy]

Now 6024 +20 points
Have a good weekend

same to you, good sir! :bier:

 

[Edwood]

Have gone short now, may be breaking down...

swift drop there Kauri - did you close? tempted to add to my short now but will wait & see how FTSE trades - still an upside risk here imo, despite what EWI & the rest think

 

[Kauri]

swift drop there Kauri - did you close? tempted to add to my short now but will wait & see how FTSE trades - still an upside risk here imo, despite what EWI & the rest think

Still in......, waiting to see how the northern world goes too, FTSE and Wall St both flirting with small drops so far but a lot of Data coming out in the US tonight... don't think we will see much of a guide untill then... another late night coming up I think. :cup: :sleeping:

 

[>Apocalypto<]

that was a very sharp dip and rebound at 7 - 7.30 could have made some cash and ruined you at the same time lol

still it is hard to call right now it is pushing so hard to close above 6000 on xjo

every time it free falls it is bought right back up.

 

[Kauri]

Still riding my short on the ASX200, looking to tie in with a possible new downleg on the daily XJO?? (looks better on this chart but with IG I was in at 5985 with an initial stop at a close above 6005, so RR is ranging between 1 and 2 currently.)

 

[Edwood]

nice work Kauri! I added to my short in the after hours session on Friday but wished I hadn't was thinking about it all w/end - looks as tho its playing out OK now tho

 

[CanOz]

Hi all. I've still got my short and didn't get stopped out on Friday...but only by a whisker.

Looks like it could finally be settling into a trend again.

Cheers,

 

[Kauri]

At an interesting stage on the 5 min chart...

 

[Edwood]

looks bearish if that support line goes...

 

[Kauri]

looks bearish if that support line goes...

Edwood
Yes its looking that way, the dow and footsie are turning down now and the nikkie is well off... so far..

 

[Edwood]

Edwood
Yes its looking that way, the dow and footsie are turning down now and the nikkie is well off... so far..

suits me sir! I wonder if the others held over the w/end as well? (Prof, Bronte etc)

 

[professor_frink]

suits me sir! I wonder if the others held over the w/end as well? (Prof, Bronte etc)

howdy Ed,

Still short

Monster selloff on the nikkei this arvo. It was up over 140 points at one stage this morning, and is now down nearly 300

 

[wiseguy]

good to hear some of you are still short.
I got stopped out by that last spike. *grumble*grumble*

 

[professor_frink]

good to hear some of you are still short.
I got stopped out by that last spike. *grumble*grumble*

which spike was that wiseguy?

 

[wiseguy]

which spike was that wiseguy?

i think it was around 4:06pm Friday. knicked it by 2 points too