Trading The SPI - NON-Gann Techniques

[Edwood]

no didn't follow the action intra-day today Trade It - went short Friday night on the back of the Dow rise & closed ASX at the open so was done for the day

 

[Edwood]

looks like potentially more good entries for your system today Trade-It

back to the trend line, guess we'll just have to wait & see what happens in Europe...

 

[>Apocalypto<]

looks like potentially more good entries for your system today Trade-It

back to the trend line, guess we'll just have to wait & see what happens in Europe...

Yesterday was not bad one good short and couple of quick shorts.

Missed a ripper last night 15 or more points! but can't be there everytime.

Using a 2 min chart gives you more trades but set up and fast entry in crucial!

 

[professor_frink]

morning Trade It,

Slightly different slant on the floor trader setup for this morning-

SPI with a 3 tick range chart + FT setup for a short

 

[>Apocalypto<]

morning Trade It,

Slightly different slant on the floor trader setup for this morning-

SPI with a 3 tick range chart + FT setup for a short

Frink,

Is that Amibroker your using for your chart? yeh that is a classic entry good range.

on two or five min today had a sell entry on open and long into lunch on IGXJO

I am using 2min but seen couple nice trades on the 5min as well this week.

Got to be fast though!

 

[professor_frink]

Frink,

Is that Amibroker your using for your chart? yeh that is a classic entry good range.

on two or five min today had a sell entry on open and long into lunch on IGXJO

I am using 2min but seen couple nice trades on the 5min as well this week.

Got to be fast though!

That chart is done on Quotetracker. Amibroker doesn't like IB's pseudo tick data, so I use Quotetracker if I don't want to look at time based charts(which I find myself doing more and more in recent times).

I quite like the FT setup on the range chart

 

[Edwood]

oo-er! stating the obvious but a bit of a trend line break this am...

 

[skyQuake]

Have to agree with that! Though I think we'll find a little bit of support around here or lower ar 6300.
But the asian markets are spooked, wouldnt bode well for us.

 

[Edwood]

Have to agree with that! Though I think we'll find a little bit of support around here or lower ar 6300.
But the asian markets are spooked, wouldnt bode well for us.

a bit of down is probably not a bad thing right now SQ, take some of the pressure out. Good old Greenspan!

 

[skyQuake]

a bit of down is probably not a bad thing right now SQ, take some of the pressure out. Good old Greenspan!

Oh no doubt about that, i was actually referring to today's possible market action - longs would feel quite some pain

 

[Edwood]

found support for the moment it seems

nice to get some down for a change! this churning away up here has been doing my head in

 

[Edwood]

so we're out of the trend line but at support again for the horizontal channel - ASX seems to be off more than Asia so have closed my short for the moment, will wait & see where we go from here. has anyone else been shorting this?

 

[Edwood]

this is wot I is looking at fwiw

 

[Edwood]

ASX looking dicey

 

[>Apocalypto<]

ASX looking dicey

I am not complaining, Actually i have been looking forward to this if it does materialize.

+ I am short on WES!

My fav game world can start find support jump back in. just wonder if it has a long sideways band before resuming like last year!

That's if resumes

 

[Edwood]

yep me too, was up half the night between naps, closed my short too early but wanted to take the profit half expecting those dip buyers to be back out again - they didn't come!

To put the move into context tho we've only retraced 23% of the move out of March lows, so really nothing at all, could just be a 'normal' dip or a 4 in this leg up.

also long weekends in the UK & US - both closed Monday

 

[Broadway]

Hey guys,

Some excellent stuff in this thread, I will get through it all this weekend.

I am interested in doing some online SPI trading, but I currently need some help in finding a good but not expensive online futures broker, and also a good and reasonably priced real time charting program.

The net (google etc) seems to be pulling me in many different directions (as it can). I am hoping some experienced voices could point me in the right direction.

Cheers.

 

[Edwood]

Hi Broadway - welcome to the thread!

I've just moved to Interactive Brokers for execution & QuoteTracker for charting. IB's SPI data feed is free, as is QuoteTracker. IB charge a small commission for SPI - $10 for a round trip per contract. First impressions of the charts through QT are that its pretty good, and quick.

some of the guys here use Amibroker (sp?)

feel free to add any ideas to the thread, the more the merrier!!

Ed

 

[Edwood]

nice gap fill off the open. have played these the last couple of Friday's now on the back of Friday's US action (i.e., our Sat morning so all sessions SPI) - means holding over the w/end but makes a nice start to the week

 

[>Apocalypto<]

today was another bonanza on the FT system.

our market is struggling with its own weight. not thinking of any longs right now on a daily chart.