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Trading The SPI - NON-Gann Techniques

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Well i'm out of my short this morning with a tiny loss, its I've got it right at the weekly S2. I might jump in again if the USD/JPY pair goes through it daily S1 that i've got at 16100 ish.

Cheers,
 
Kiwi-sterling :)

kiwispike160807mc7.gif
 
CanOz said:
Well i'm out of my short this morning with a tiny loss, its I've got it right at the weekly S2. I might jump in again if the USD/JPY pair goes through it daily S1 that i've got at 16100 ish.

Cheers,
Click to expand...

Ooops:eek: I was looking at the Nikkie chart thinking it was the currency pair....too many drafts last nite...better not trade for a couple of hours!

Cheers,
 
CanOz said:
Well i'm out of my short this morning with a tiny loss, its I've got it right at the weekly S2. I might jump in again if the USD/JPY pair goes through it daily S1 that i've got at 16100 ish.

Cheers,
Click to expand...

ever look at midpoints canuck? Weekly midpoints in yelllow on the chart below. Lined up pretty well with yesterday's day session low:)
 

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Mid-point:confused:

How do you calculate them Prof?

Cheers,
 
CanOz said:
Mid-point:confused:

How do you calculate them Prof?

Cheers,
Click to expand...

a midpoint is simply half way between 2 pivots, so if S1 is @ 5800 and S2 is @ 5700, the midpoint for S1/S2 is 5750. I find them more useful for longer timeframes like weekly and monthly PP's, but can be used for the daily timeframe as well.
 
Thanks Prof!:)

WOW, this is crashing now!!!! Everythings just plummeting!:eek:
 
Just bounced off the daily S2 at 5583, now at 5614....
 
just got a bulletin from IB saying the SNFE will be shut down at 12:45 due to a problem, and may be shut down for up to an hour and a half

Thought I'd give you guys the heads up- god knows what the cash market will do when the futs are offline:eek:
 
professor_frink said:
just got a bulletin from IB saying the SNFE will be shut down at 12:45 due to a problem, and may be shut down for up to an hour and a half

Thought I'd give you guys the heads up- god knows what the cash market will do when the futs are offline:eek:
Click to expand...

Yep they are turning off the switch. MELT DOWN . WEAK bastards.
 
professor_frink said:
just got a bulletin from IB saying the SNFE will be shut down at 12:45 due to a problem, and may be shut down for up to an hour and a half

Thought I'd give you guys the heads up- god knows what the cash market will do when the futs are offline:eek:
Click to expand...

Excellent Prof, well done, thanks for the heads up!!!
 
professor_frink said:
bold move TH. Hope it works for you. I'm off to play elsewhere whilst this is going on.
Click to expand...

Thinking it will just stabilize. have cut 80% of it will have to open down about 100 ticks from the low to turn it into a lose. So will let it ride. May even hold this baby overnight if we can hold the low already in. This Stinks like an exhaustion.
 
Just heard that SFE will be suspending trading for a atleast 45 minutes starting in about 15 minutes time.

Edit: Beaten to it.
 
trembling Hand said:
Thinking it will just stabilize. have cut 80% of it will have to open down about 100 ticks from the low to turn it into a lose. So will let it ride. May even hold this baby overnight if we can hold the low already in. This Stinks like an exhaustion.
Click to expand...

You very well may be right, and with that kind of buffer it's well worth the shot IMO. The current rally has coincided with the announcement pretty well- at this stage it just looks like short covering ahead of the shut down.
 

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