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Trading The SPI - NON-Gann Techniques

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afternoon chops,

from the data I have, day session gaps are filled the next trading day over 60% of the time.
 
I have been analysing the ASX200 CFD hourly chart, have noticed that this aproach gives some good trades, I use my own charting software for hourly data which I type in manually.
Then using the hourly chart as long term trend indicator, I then use a 3 minute chart for entry & exit positions, both long and short positions look like being profitable.
Hav'nt done any actual trades yet but anyone else trading or researching this method. porkpie
 
OK TH I get your drift your not keen on CFD's, but my observations were around using an hourly chart as a long term trend indicator and using a 3min chart for trades.
With CFDs you can make just a dollar per pip trade, so it's a good place for a novice SPI trader to start.porkpie
 

Yep no problems there
 
porkpie324 said:
TH having said re my last post, I do like your platform for market depth. porkpie
Click to expand...

One big disadvantage that you have IMO with CFDs is the lack of volume and order flow. you just don't see the buying and selling action and what is sitting in the order book.
 
Over and out for the day... I think
Cheers
......Kauri
 

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I have to agree TH volume & mkt depth is not there with my CFD platform, is it possible for you to name your trading platform or providor.porkpie
 
May be a short coming up???
Cheers
.....Kauri
 

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Kauri said:
May be a short coming up???
Cheers
.....Kauri
Click to expand...

Yep I'm with you I got short right on that peak.
I had to help a delivery man bring in some new chairs. Lucky I probably would of taken a bit off the trade had I been watching it.

So now that I'm getting greedy watch it run back up
 
how do you find booktrader TH?

I thought you used ninja? You posted a chart in one of the other threads that was done by ninjatrader, or was that someone else
 
professor_frink said:
how do you find booktrader TH?

I thought you used ninja? You posted a chart in one of the other threads that was done by ninjatrader, or was that someone else
Click to expand...

Nah I do but I'm having some real IT issues today and yesterday. Having trouble with the Ninja to IB connection as well as other things. You know when 1 thing stuffs up it all does. IB's Booktrader is OK just a bit to clunky. IB's charts are rubbish.
 
MACD divergance on the 3 min chart, but hourly chart still indicating long positions, unless of course hourly chart trend changing.porkpie
 
trembling Hand said:
Nah I do but I'm having some real IT issues today and yesterday. Having trouble with the Ninja to IB connection as well as other things. You know when 1 thing stuffs up it all does. IB's Booktrader is OK just a bit to clunky. IB's charts are rubbish.
Click to expand...

Yeah their charts a pretty poor. You could try using quotetracker for back up charts if you're having probs with ninja. Doesn't have a DOM though. Another option is Quotetrader- is meant to be pretty good too.
 
professor_frink said:
Yeah their charts a pretty poor. You could try using quotetracker for back up charts if you're having probs with ninja. Doesn't have a DOM though. Another option is Quotetrader- is meant to be pretty good too.
Click to expand...

Thanks. the charts are still working but the orders are doing some real dodgy stuff. Getting lost somewhere between IB and the exchange. Of course the first thing IB says is that its the Ninja but same crap with TWS.
Spent 4 hours last night calling the States trying to get it fixed!!

Our little short is working so far thinking I will cover most of it 10 points lower......... if given the chance.
 
trembling Hand said:
Our little short is working so far thinking I will cover most of it 10 points lower......... if given the chance.
Click to expand...

Hi TH,
I'm following my stop closely now, in case of a W1 or A ...
Cheers
...Kauri
 

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