Trading The SPI - NON-Gann Techniques
- Thread starter wayneL
- Start date
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
gee last nights action doesn't even show up on that chart Prof! we were 6,120+ at one point. great ranges
yeah it's a chart of the day session only
yeah it's a chart of the day session only
aye figured as much - but 240pts range o/night. crazy markets
yeah it's a chart of the day session only
lol! just re-read that - probablee makes me sound a bit fik - meant to say we were up 120 o/night at one stage and not even a gap at the open today to show for it
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
All good Ed, I know what you were getting at
Big bounce off the monthly S1 earlier this morning- has been a good knife catching area pretty well all month so far.
Attachments
he he - cheers Prof - bit of tumbleweed here today...
only just noticed this - wouldn't be surprised to see your S1 getting tested again
edited - rather than stick up another chart added a fib to it - overnight we were rejected spot on 50% retrace from the high
only just noticed this - wouldn't be surprised to see your S1 getting tested again
edited - rather than stick up another chart added a fib to it - overnight we were rejected spot on 50% retrace from the high
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
he he - cheers Prof - bit of tumbleweed here today...
only just noticed this - wouldn't be surprised to see your S1 getting tested again
edited - rather than stick up another chart added a fib to it - overnight we were rejected spot on 50% retrace from the high
Looks good for another test today. It's looking very weak right now, and some fireworks could follow if it breaks down
hmm lod managed to hold - probably happen o.night then
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
chart below Ed. No new lows at this stage.
Attachments
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Not overnight but they may be all changed in an hour or two
cool thanks guys - so prob more down to come then, initially anyway
tempted to start looking for longs tho if we get over-extended today - I know bottom picking is best left to the monkeys but US indicies are looking a tad like bullish falling wedges imo.
tempted to start looking for longs tho if we get over-extended today - I know bottom picking is best left to the monkeys but US indicies are looking a tad like bullish falling wedges imo.
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Been flipping long and shorts all morning. in and out within sec/min.
Got a long on at 5804. Looking to hold until I'm stopped out or we get back up Higher. How High? not sure yet.
Got a long on at 5804. Looking to hold until I'm stopped out or we get back up Higher. How High? not sure yet.
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
overnight lows from the 10th are @25, we are currently stalling at that level right now. A Break up and I'll be reversing into a long with a view to scale in if it keeps going.
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Yep looks like the shorts are defending that level. Yen has started to find resistance. All bets off if that takes off again but feeling OK about his long.
Famous last words????
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
We have break of 25, so I've put a long out to test the waters.
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Just cut half the trade @ 5833. will let the rest run. Or even add to it a bit lower if given the chance.
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
Mine has turned into a quick scalp- I'm out already. I'm not liking the action in the rest of Asia- nikkei has put in a double top, and HK has moved down to new lows after the opening gap.
