Trading The SPI - NON-Gann Techniques

[Captain_Chaza]

Is anyone keeping a vigilant eye on those Experienced and Brave Chinese Sailors?

Salute and Gods speed

 

[Edwood]

they look to be doing OK I think Chazza - have you noticed somethign?

re SPI if we get a 1=5 move on the wave count out of the low I have us heading to 6,400. but worth noting today we hit .786 of 1 so we're in the range to complete. altho 5 could always extend...

 

[acouch]

eod chart, nice move down into close
ac

 

[Edwood]

SPI gone vertical overnight, could print a new ATH today if rates are held

 

[Edwood]

the last remaining gap according to my data with ATH at 6,428 according to CMC s/bet data

 

[acouch]

morning all,

this chart is very messy, but i just wanted to show you what else you can do with the ML's.

as on all previous charts the ML's have been within the dominate yellow ML.

what i have done here is to project the red ML on previous chart forward, i have marked in aqua where price meet some resistance on the way up, you can of course mark every x of red/yellow

will put a new set on the next chart from the low of 6242..

great trades
ac

 

[wayneL]

Sorry acouch, I've missed something. What is an ML?

 

[acouch]

new chart set up for the day..we will see how it goes..

as you can see i have put two new sets up of ML's..the new pink one which seems to be containing price very well, and i have put in a downward sloping set in aqua..
all still within the dominate set of yellow ML's, but you can see the aqua if price should take that path is just outside

also i have projected the pink set up once as well..

ac

 

[acouch]

morning wayne,

DR. Andrews ML = Medianline Line with newton's action/reaction theory..

a site below for you to have a look at..and anyone else that is interested in the use of ML's, some call them pitchforks

ac

http://www.medianline.com/home.html

 

[wayneL]

morning wayne,

DR. Andrews ML = Medianline Line with newton's action/reaction theory..

a site below for you to have a look at..and anyone else that is interested in the use of ML's, some call them pitchforks

ac

http://www.medianline.com/home.html

Thanks acouch, will have a look.

 

[Edwood]

yes cheers for that acouch - one of the guys on the desk where I used to work was colour blind... reckon he'd struggle with your charts!

 

[acouch]

haha yes, they can be a bit bright sometimes

have a great day edwood

 

[Bronte]

DR. Andrews ML = Medianline Line with newton's action/reaction theory..
a site below for you to have a look at..and anyone else that is interested in the use of ML's, some call them pitchforks
http://www.medianline.com/home.html

Welcome onboard acouch...please keep up the great work.
Thanks for the link ...very interesting.

 

[acouch]

updated chart..

 

[Bronte]

SPI chart showing yesterdays High 6326
Todays open at 6328 and the 'Gap'
We have tried twice so far to close.

 

[Bronte]

Todays open at 6328 and the 'Gap'
We have tried twice so far to close.

Gap now closed

 

[acouch]

have to love the gaps bronte :_)

this now looks like it wants to trend change..
it has followed the ml down to the 09..

updated chart
ac

 

[Bronte]

have to love the gaps bronte :_)
this now looks like it wants to trend change..
it has followed the ml down to the 09..

R1 6307 Low

 

[acouch]

eod chart

 

[Edwood]

lol! from one of the ASX traders at www.livecharts.co.uk