Australian (ASX) Stock Market Forum

Trading The SPI - NON-Gann Techniques

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OK maybe stick it on the Gann SPI thread acouch? I haven't ever used that thread myself but if you search you should find it, I think it has a couple of posts on it
 
Did someone mention Gann?

276973.jpg


:D:D
 
lol! not sure what the fuss is about tbh, its not as if ac rants on about it and while I've got my suspicions about those 'pitchfork' charts they're unambiguous & there's nothing "woolley" about them. just my opinion & :2twocents, not poking a stick or anything :)
 
Edwood said:
lol! not sure what the fuss is about tbh, its not as if ac rants on about it and while I've got my suspicions about those 'pitchfork' charts they're unambiguous & there's nothing "woolley" about them. just my opinion & :2twocents, not poking a stick or anything :)
Click to expand...

Hi Ed,

Not a reflection on acouch whatsoever. Her posts are clear, informative and helpful. She has been willing to answer questions on her analysis style... exactly the sort of poster we want here.

However, as some here may know, we had troubles between Gannists and non-Gannists in the past, so it was decided to run two separate threads. As certain posters are definitely not permitted to to use Gann analysis in this thread, it is only fair that it extends to everybody as per the opening comments in this thread.

Now, it may seem a bit harsh to jump on the mere mention of a Gann wheel, but we have to draw a line otherwise some of the old problems may creep back into the thread.

It is not a reflection on Gann analysis either, it is just to maintain the peace. If all were as open and helpful as acouch and others, it would never have been necessary.

Hope that makes sense.
 
wayneL said:
Hi Ed,

Not a reflection on acouch whatsoever. Her posts are clear, informative and helpful. She has been willing to answer questions on her analysis style... exactly the sort of poster we want here.

However, as some here may know, we had troubles between Gannists and non-Gannists in the past, so it was decided to run two separate threads. As certain posters are definitely not permitted to to use Gann analysis in this thread, it is only fair that it extends to everybody as per the opening comments in this thread.

Now, it may seem a bit harsh to jump on the mere mention of a Gann wheel, but we have to draw a line otherwise some of the old problems may creep back into the thread.

It is not a reflection on Gann analysis either, it is just to maintain the peace. If all were as open and helpful as acouch and others, it would never have been necessary.

Hope that makes sense.
Click to expand...

yes perfect sense Wayne, peace is good, 'healthy' & constructive debate is good, charlatinism is not good.

keem em coming acouch, just DONT mention the G word :)
 
haha, ok

one never knows all the rules on a new site :)

i did find the unmentionable..so if i can find the right forum, i will post it there ,if i can, as not being a computer guru ;)
great trades:)
ac

todays chart is pretty much the same as yesterdays, support though is at 6575
 
acouch said:
haha, ok

one never knows all the rules on a new site :)

i did find the unmentionable..so if i can find the right forum, i will post it there ,if i can, as not being a computer guru ;)
great trades:)
ac

todays chart is pretty much the same as yesterdays, support though is at 6575
Click to expand...

Here is the link to it, acouch. https://www.aussiestockforums.com/forums/showthread.php?t=4875
Some interesting reading in there for those interested in time analysis... :)
 
Bronte said:
This will be my last Pivot Point post due to the link above.
You should get these numbers for Monday:
Good luck :)
R3 6504
R2 6463
R1 6442
PP 6422
S1 6401
S2 6381
S3 6340
Click to expand...

Hi Brontie,
thanks for the link. I'm new to Pivot trading but find it very interesting .
i tried it for the very first time on Oct asx 200 futures and to my amazment there was resistance and support near levels defined by pivot points. I have no idea how it derives it but thanks for the web site.
My plan is to use stop losses and move them between r1 -r2 etc
to capture profits on strong trends.
Not sure if this is the best way to use Pivot points. Any insight would be much appreciated .
 
Try This
Draw G lines,Murrey Math lines, Floor traders Pivot lines, Pivot High/Low lines, Previous days H/L lines, Andrew Pitchfork lines, trend lines, linear Regression lines, ect.

Draw enough lines on a chart and you will find sup/res some where.

To easy :D
 
Morning all,
chart for the day, but could be a quite one, as most states
are having a public holiday today,so this chart might go into tomorrow,we will see.. i wont be posting tomorrow..power is going off at 8.30am-4.30pm,
easy to see there are no traders working for the electric company :)
have a great day
and good trades
ac
 

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onemore said:
Try This
Draw G lines,Murrey Math lines, Floor traders Pivot lines, Pivot High/Low lines, Previous days H/L lines, Andrew Pitchfork lines, trend lines, linear Regression lines, ect.

Draw enough lines on a chart and you will find sup/res some where.

To easy :D
Click to expand...

Sometimes this is true, especially on my charts...

But ac is fairly close.

Today's spi lod (6607) and hod (6645) so far are within +/- 3 of her chart. (posted an hour before open this morning)

I know I can use any help I can get.
 
Morning Professor.

It seems range bound ATM, from this apprentices eyes, so do you think it will still close the gap still...???

Thanks
SevenFX
 
SevenFX said:
Morning Professor.

It seems range bound ATM, from this apprentices eyes, so do you think it will still close the gap still...???

Thanks
SevenFX
Click to expand...

Couldn't say with any conviction now tekmann. It's not uncommon for the SPI to trade in a narrow range after such a large gap up. Generally on days like this, if I don't get what I'm after pretty well right off the open I'll go and look elsewhere for trades, which is what I'll be doing today.

Cheers
 
professor_frink said:
Couldn't say with any conviction now tekmann. It's not uncommon for the SPI to trade in a narrow range after such a large gap up. Generally on days like this, if I don't get what I'm after pretty well right off the open I'll go and look elsewhere for trades, which is what I'll be doing today.

Cheers
Click to expand...
Tekky,

I agree with frink here. I'm only learning like you, but you might benefit from looking at range analysis. I only know a bit about it, and don't know any source material on it, but from what I've read, if a market gaps 1.5x of the previous day's range, it has a less than 50% chance of filling the gap on that day. With less chance as we go along, obviously, to 3x the range, at which point the gap fills are outliers and outside of the 3rd standard deviation. I can't verify this myself, but have only read it. So chances are it will trend or trade range bound on days like this.

Hope this helps somewhat.

Cheers.
 
chops_a_must said:
Tekky,

I agree with frink here. I'm only learning like you, but you might benefit from looking at range analysis. I only know a bit about it, and don't know any source material on it, but from what I've read, if a market gaps 1.5x of the previous day's range, it has a less than 50% chance of filling the gap on that day. With less chance as we go along, obviously, to 3x the range, at which point the gap fills are outliers and outside of the 3rd standard deviation. I can't verify this myself, but have only read it. So chances are it will trend or trade range bound on days like this.

Hope this helps somewhat.

Cheers.
Click to expand...

The trouble with this it may not fill the gap but that doesn't mean that the best opportunities are on the Long side. It is probably better to try think about the current action in terms of that last couple of days trading with the stats on gap of this percentage for a basis of a trade.

A 1.2% gap up after 3 days down will be played differently than a 1.2% gap up after two weeks of strong gains.
 
Thanks Guys.

Will google something on that on close, though the range seems to have broken soon after we speak....Have taken a small position...
 
SevenFX said:
Thanks Guys.

Will google something on that on close, though the range seems to have broken soon after we speak....Have taken a small position...
Click to expand...

I would be interested in hearing from others but I don't wait for confirmation of a broken range to enter a trade. If I'm thinking of trading short for a break of the morning range I will look for entries on the early highs and take profits as it moves outside that range just as people are entering on confirmation of a break. I find that my stops are much smaller and if it looks to be reversing back into the range I still have a bit of profit to take. Just like is happening now. It may roll over again but stiff. I have made 4 trades taken my profit and now waiting for Honkers to open.
 

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