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Trading The SPI - NON-Gann Techniques

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that's unbelievable,

thanks for the post Edwood
 
CFD said:
Given that HK is the last to close is this suggesting the Nikkei will re align itself towards HK when the Nikkei opens?
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No. The nikkei will react on open to overnight moves overseas, like our market does.
 


Another day of 1 to 1 to 1 moves on the SPI, Nikkei, HSI you could ad the YEN into that as well.
 
trembling Hand said:
Another day of 1 to 1 to 1 moves on the SPI, Nikkei, HSI you could ad the YEN into that as well.
Click to expand...

YES! Thanks to Prof for pointing that out, i've made a couple more nice little scalps today in between meetings...scalping the ASX while watching the nikkei and HSI...allot of fun.

Cheers,
 
nice spot Nick, potential c or 3 up but personally not expecting too much too soon. would like to see some more bottom probing to pull in some shorts for another grind

 
Hang on to your hats on Monday, FTSE down 34 1.06%
DJI down 281 2.09%
BHP(london) down 2.4%
ASX 200 Fut down to 5856
The US mkt held up ok until the last 2hrs of trading.

As for the ASX200, this is getting down to this bull runs trend line.porkpie
 
hows your trendline looking Porkpie? potential bullish descending wedge setting up with some +ve divergence, well bullish until we drop out the bottom anyway

 
OK Mr Ed, trend line still holding it's at 5766 as of Friday, ASX200 at 5844 today.
Interesting to note DJI trend line as on Friday at 11924 the DJI closed at 13181 thats still 1257 points above or 10.5%.
Also this bull run started at exactly the same time ie DJI, FTSE & ASX200
porkpie
 
nice gap fade today if anyone took it - here's a stab at a count on the recent action - can potentially count a five move down so possibly due a decent pull-back now. altho in these markets making predictions is a mugs game

 
Edwood said:
nice gap fade today if anyone took it - here's a stab at a count on the recent action - can potentially count a five move down so possibly due a decent pull-back now. altho in these markets making predictions is a mugs game
Click to expand...

It was always on the cards, that was a suckers rally last night in the US. they actually had more stocks declining than went up.
 
we got close to the 2.618 extension today, perhaps tonight. we also have a trend line again for shorts, which is always nice
 
s/bet rejected by 6,118 at the first attempt (6,115 SPI equiv) - not a bad move considering it started with a 'mistake'
 
This may be a stupid question but.....is it possible to trade after ASX hours rally that occurs from time to time...and is this shorts covering?

Cheers,
 
hi Can - SPI hours are 9:50am - 4:30pm, 5:10pm - 7am (or it might be 6am). looked like short covering today, we tested the HOD twice and it was taken over after the cash close so there were probably a few stops there to help it on up
 
Edwood said:
hi Can - SPI hours are 9:50am - 4:30pm, 5:10pm - 7am (or it might be 6am). looked like short covering today, we tested the HOD twice and it was taken over after the cash close so there were probably a few stops there to help it on up
Click to expand...

Thanks Edwood, i'm curious about the little nuances that show themselves around open/closes etc.

Cheers,
 
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