Trading The SPI - NON-Gann Techniques

[Edwood]

found support for the moment - could go lower but I've taken a small lonng looking for a bouncette from here using the spreadbet a/c

 

[Edwood]

5min chart shows a higher low, supporting the bounce idea

 

[acouch]

Good morning all
today's road map
have a great day, and good trades
ac

well today is the 17th..we will see soon enough if we get a reversal..

 

[acouch]

good morning all
todays road map
have a great day, and good trades
ac

well she tried to rally, but just couldnt get over that 55..only managed the 54..was not a good omen, a lower dble top..bad news for longs..

 

[chops_a_must]

We could see another exhaustion onto the August lows here, with a sharp rally perhaps logical. First half of the day will be interesting.

 

[acouch]

good morning,
Monday's road map
have a great weekend
ac

 

[chops_a_must]

Oofff... look at those futures go after the close. It's almost sickening.

I guess this sums it up:

 

[rub92me]

Looks like we have a short term bottom forming on my 5 min charts. Not too game to go long though

 

[acouch]

good morning all
road map for today, i couldn't extend chart
further as market closed early
have a great day, and good trades
ac

 

[Edwood]

doh! long SPI went to move my stop up above entry - didn't go & fat finger it 100pts above my entry taken out immediately +22 - had to laugh

 

[chops_a_must]

BIG break of the lows!

Could all happen here. 5300 here we come I think. Got a few points on the open but sitting this out...

 

[Edwood]

yeah just hanging back here too now, watching for 1-2-3's on the 1min. through the o/n low now

 

[chops_a_must]

yeah just hanging back here too now, watching for 1-2-3's on the 1min. through the o/n low now

Looking at S4 now. Don't know what's under that...

With BHP rolling down again, it could get incredibly bad (not that it already isn't).

 

[Trembling Hand]

Looking at S4 now. Don't know what's under that...

With BHP rolling down again, it could get incredibly bad (not that it already isn't).

Would like to see a new low at the 2:00 margin call time then a run up for the close. But I think there will be no one left to play by then.

 

[Edwood]

anyone else noticed a change in margin requirement for SPI today?

 

[Trembling Hand]

anyone else noticed a change in margin requirement for SPI today?

Not untill you pointed it out.

Nice to be told about it by IB?

 

[Trembling Hand]

They do have this on their web site hidden away if you went looking for it.

Futures - Intraday Margin Requirements
Due to the exceptional volatility of the financial markets we are temporarily suspending reduced intraday margin.

 

[Edwood]

ah ha - cheers TH - wasn't sure if it was just me...

 

[Edwood]

gee just been cooking tea for the kids, holy heck! what a drop we've seen the last 2 days, SPI currently showing -7.29%

 

[acouch]

morning all,
today's road map
have a great day and good trades
ac