Trading The SPI - NON-Gann Techniques

[professor_frink]

Been having a look at the depth TH and it definitely looks a bit dodgy. Are you still in there flipping trades as quickly as you usually do today?

 

[Kauri]

Nice little trade on the 1 Minute chart...

 

[Trembling Hand]

Been having a look at the depth TH and it definitely looks a bit dodgy. Are you still in there flipping trades as quickly as you usually do today?

Nah moved into position trading mode today. I have to be very careful not to do that stuff on days like today. Can get cut to pieces on the wrong day. I find it hard not to want to flip every little push and pull on the Market depth screen. Have to almost not look at it and just trade off the Charts.

HK just got all messed up!!

 

[professor_frink]

Nah moved into position trading mode today. I have to be very careful not to do that stuff on days like today. Can get cut to pieces on the wrong day. I find it hard not to want to flip every little push and pull on the Market depth screen. Have to almost not look at it and just trade off the Charts.

Wise move- I often find not having the DOM up for the HK markets to be more helpful- less to worry about

HK just got all messed up!!

yeah it's been good- wicked counter trend rally right now in the H-shares. Nearly 100 points in less than 5 minutes

 

[professor_frink]

Nice little trade on the 1 Minute chart...

sweet. EW on a 1 minute chart- you must have been quite busy this morning!

 

[Kauri]

sweet. EW on a 1 minute chart- you must have been quite busy this morning!

Hi Prof,
Out now for a quickie.. ( quick trade that is)..
Always busy.. or I like to think so..
Cheers
.......Kauri

 

[Trembling Hand]

Wise move- I often find not having the DOM up for the HK markets to be more helpful- less to worry about

yeah it's been good- wicked counter trend rally right now in the H-shares. Nearly 100 points in less than 5 minutes

Yeah i think that's where most of my stuff ups come from. I'm a scalper most of the time. Very hard to throw out one way to trade and take up another. But the market is not going to give me what I want. Its always throwing you some form of distraction.

But I'm certainly not going to complain about 100 tick ranges to trade.

I think this maybe the best market I have ever traded.
So stuff the scalping. Have pulled out the big guns for the big ranges. :bazooka:

 

[professor_frink]

Hi Prof,
Out now for a quickie.. ( quick trade that is)..
Always busy.. or I like to think so..
Cheers
.......Kauri

I can see a very similar pattern playing out in the kospi today too. Not game to trade off an EW count intraday when I struggle to label them properly EOD! Think I'll stick basic trend following for the moment.

 

[Kauri]

another quickie... may be selling down to avoid holding for the weekend now??

 

[Kauri]

And out for the second quickie...
off fishing now to unwind
Cheers
.......Kauri

 

[Kauri]

another quickie...?? but I'm not in this one... the fish are calling... I've never seen so many E/W setups on the 1 Minute chart..
Cheers
.........Kauri

 

[Kauri]

Looks to me that the trading opportunities for my trading style are over for the day... and I really should take some bait when I go fishing.. ..
Cheers
.......Kauri

 

[Trembling Hand]

The SPI is toasted. Got a short on I'm holding overnight. Going to be a long one, I only got 3 hours sleep last night.

:22_yikes: look at HK. what a mess.

 

[Kauri]

Looks to me that the trading opportunities for my trading style are over for the day... and I really should take some bait when I go fishing.. ..
Cheers
.......Kauri

Feeling happy.. ...

TH.. looks like it has a ways to go yet.. good trading...
Cheers
.......Kauri

 

[Trembling Hand]

Feeling happy.. ...

TH.. looks like it has a ways to go yet.. good trading...
Cheers
.......Kauri

yeah It seems this volititlity will never end.......

 

[Trembling Hand]

Gee guys I'm struggling to trade this strength. Looks to far gone to get in on the long side. Been burnt trying to short it. All i can seem to do today is scalp the bid/ask. Not much fun

 

[CanOz]

Gee guys I'm struggling to trade this strength. Looks to far gone to get in on the long side. Been burnt trying to short it. All i can seem to do today is scalp the bid/ask. Not much fun

I've got that 5865ish line as pretty important at the moment on 200 Cash. Smells like profit takers to me....watching the USD/JPY pair too, just hit a new daily high.

Cheers,

 

[Kauri]

Just taken a short... looking for a drop to WC...
Cheers
..........Kauri

 

[wayneL]

Just taken a short... looking for a drop to WC...
Cheers
..........Kauri

What's WC?

 

[Kauri]

What's WC?

Got a penny and I'll show you...