Australian (ASX) Stock Market Forum

Trading The SPI - NON-Gann Techniques

Jump to new
mit said:
Market has been going sideways for awhile. I wonder what will happen when the big guys get back from lunch.

MIT
Click to expand...
It's been a slightly dull morning hasn't it :(
Hopefully we'll get some action this afternoon :)
 
Not Dull when you are long stocks at the moment :( . I was pretty balanced long and short a few days ago. Although I was short the S&P500 which was nice.

MIT
 
mit said:
Not Dull when you are long stocks at the moment :( . I was pretty balanced long and short a few days ago. Although I was short the S&P500 which was nice.

MIT
Click to expand...
How's the heart mit- been a wild ride for those long on stocks the last couple of weeks :eek:
Think I'll be more interested today on a break of 87/71(S3/S4). Till then I'll just watch.
 
Hearts not so bad. I have been trading the noise rather than position and have been fairly balanced long and short. Today is my fifth negative day all month. Just happened that today I am on the wrong side of the market.

MIT
 
afternoon chaps - nice little rise early on today - this is the sort of momentum play I'll be looking for on XAO. (first attempt at posting charts here tho so bear with me if its not up first time)

untitledsd3.jpg


also note we bounced off a 61.8% retrace of the move up from 20th Nov

untitled2pf2.jpg
 
Sorry mit, there were storms a brewing my way yesterday, so I got off the computer before I had a chance to reply.

Interesting Charts Ed. Do you use the fib retracements as a stand alone signal, or you wait for them to be confirmed by the others before pulling the trigger?
 
hi Prof - no just use them as a guide for potential targets & to confirm wave estimates - this move up is quite impulsive so perhaps the correction is over
 
Edwood said:
hi Prof - no just use them as a guide for potential targets & to confirm wave estimates - this move up is quite impulsive so perhaps the correction is over
Click to expand...
Ok then. I've never really looked at them much. Put them up a couple of times, just to see if they line up with pivot points, but end up getting too confused with so many levels on the chart.
This mini correction could be over indeed, although I don't think we'll get much more out of it today-I've got a bit of resistance sitting just above the current action @ 32-35.
That's a signal to go long for everyone else :D

edit:that res number is for the spi, not the XAO
 
apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI? :D is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta

e.g., right now looking at bigcharts (2:55pm) I see 5,421 - whats the SPI at?

edit: also - sorry to "SPI trader"!! I realise now I called you "Spit" the other day not realising SPI is an instrument! :) nice way to make friends hey?!
 
Edwood said:
apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI? :D is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta

e.g., right now looking at bigcharts (2:55pm) I see 5,421 - whats the SPI at?
Click to expand...
The SPI(Share Price Index) is the futures contract over the XJO, which is the S&P ASX 200 index. The XJO is slightly different to the XAO(the all ordinaries), the exact details of the differences-I'm not 100% sure of. There are more companies included in the XAO compared with the XJO, but dunno the exact differences.
At 2:55pm, the spi was at 5445.
You can get a delayed chart from futuresource if you want
 
ah OK - thanks for that Prof! the cash spreadbet contract I'm looking at is based on ASX200 as well so the underlying might be XJO for all I know - I should ask them I guess. XAO is probably fine for me for looking up index moves on bigcharts when on the move.

I see futuresource runs a free trial - will check it out - cheers for the info!
 
Edwood said:
ah OK - thanks for that Prof! the cash spreadbet contract I'm looking at is based on ASX200 as well so the underlying might be XJO for all I know - I should ask them I guess. XAO is probably fine for me for looking up index moves on bigcharts when on the move.

I see futuresource runs a free trial - will check it out - cheers for the info!
Click to expand...
no worries mate,happy to help.
It won't really make any difference which one you look at during the day-the XAO and XJO will move the same.
 
Edwood said:
apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI? :D is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta!
Click to expand...
Hi Edwood, "Welcome to ASF" :)
This thread may be of interest to you.
The first 2000 posts were deleted by mistake:
https://www.aussiestockforums.com/forums/showthread.php?t=1664
 
Bronte said:
Hi Edwood, "Welcome to ASF" :)
This thread may be of interest to you.
The first 2000 posts were deleted by mistake:
https://www.aussiestockforums.com/forums/showthread.php?t=1664
Click to expand...
edwood, i strongly suggest you DO NOT read this thread. You will get caught up in secret agendas that go back from what i can gather, years. Just so you know, this thread was stripped into two threads, GANN and non GANN. There have been no posts on the GANN thread so read into that what you will. The non gann thread has started to prosper with thoughtful posts from amongst others, professor frink, and euler, and from what I am reading, hopefully yourself.
 
Edwood said:
apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI? :D is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta

e.g., right now looking at bigcharts (2:55pm) I see 5,421 - whats the SPI at?

edit: also - sorry to "SPI trader"!! I realise now I called you "Spit" the other day not realising SPI is an instrument! :) nice way to make friends hey?!
Click to expand...
no worries edwood.

also note the spi there is like most indicie contracts both specualtors and hedgers. The spi is the major contract used by the big end of town to hedge major portfolios.
 
My dodgy call for res in the 32-35 area yesterday didn't work out too well, but it ended up turning into support, and could have been good for a long after it was tested-if only I had bothered to trade the arvo session :)

35n901d.png
 

Attachments

  • 35n901d.png
    35n901d.png
    26.5 KB · Views: 29
professor_frink said:
...... if only I had bothered to trade ...
Click to expand...
Been my problem as well { ... so good to hear I'm not the only one!! :) }

Yesterday had the POC @ 5372 and tight bracket of 5357-5377 and provided an ideal entry. Funny thing ... even tho' I feel confident in using the setups, something happens and the brain goes walk-about!! May be a matter of missing the forest for the trees??

Today VAH sits on 5484 ... and didn't take it!! Fell through it once .. retested and fell through again, and spi sitting on 74 now.

Maybe I need a break from it!
 
Euler said:
Been my problem as well { ... so good to hear I'm not the only one!! :) }

Yesterday had the POC @ 5372 and tight bracket of 5357-5377 and provided an ideal entry. Funny thing ... even tho' I feel confident in using the setups, something happens and the brain goes walk-about!! May be a matter of missing the forest for the trees??

Today VAH sits on 5484 ... and didn't take it!! Fell through it once .. retested and fell through again, and spi sitting on 74 now.

Maybe I need a break from it!
Click to expand...
A week off could help bring the motivation back a bit. Considering you have just researched and are working on implementing a whole new way of looking at the market, you probably need one!
 
Hi Folks,
Quick question...
A thing I have been aware about for some time but managed to avoid is the calculation of SPI fair value.
As I understand it the formula is:

ASX200 + [ASX200 x (interest rate x average yield) x days to maturity/365]

My question is ..... where do I find the average yield (of all ASX200 stocks I assume)?........ can't find this figure anywhere!!
Does anyone use this calculation as a useful tool?
Thanks in advance..
 

Similar threads

wayneL
Trading The SPI - Gann Techniques
2 3 4
Replies
65
Views
17K
Freddo
Freddo
wayneL
International Index Trading
67 68 69
Replies
1K
Views
156K
Edwood
E
Top