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Trading The SPI - NON-Gann Techniques

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

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Now 6024 +20 points
Have a good weekend
 
Kauri said:
Have gone short now, may be breaking down...
Click to expand...

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
 
Edwood said:
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
Click to expand...

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:
 
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.
 
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.)
 

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

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Kauri said:
Edwood
Yes its looking that way, the dow and footsie are turning down now and the nikkie is well off... so far..
Click to expand...

suits me sir! I wonder if the others held over the w/end as well? (Prof, Bronte etc)
 
Edwood said:
suits me sir! I wonder if the others held over the w/end as well? (Prof, Bronte etc)
Click to expand...

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