Trading The SPI - NON-Gann Techniques

[Edwood]

happy new year gents! hope you all had a good break. looks like onwards & upwards for 2007!

 

[Edwood]

altho we have a bit of divergence showing up now

 

[Bronte]

Hi Edwood,
Interesting chart...thanx

Nice SPI Gap open this morning.
44 point Premium....

 

[Bronte]

Hi Edwood,
Interesting chart...thanx
Nice SPI Gap open this morning.
44 point Premium....

This AM SPI chart:

 

[spitrader1]

This AM SPI chart:

bronte, im happy for you to tell me otherwise, but dont you use your own interpretation of gann??

 

[doctorj]

Please make sure this topic stays on track and Gann-free.

 

[Edwood]

ah yes, nice gap fill Bronte - didn't even look for that. selling spike you reckoning?

edit: its also dropped out of that ascending wedge

 

[sails]

bronte, im happy for you to tell me otherwise, but dont you use your own interpretation of gann??

Funny thing is, I think this is the first time the objectionable g*** word has been mentioned on this thread - really hope you're not trying to stir it all up again!

Poor old G*** - must be turning in his grave at all this discrimination against his methods. I understand he is honoured at the NYSE...

Problem is that some of the generally accepted T/A techniques at ASF hold similarities with g*** methods. Are they evil too? EW has some similarities - does that mean that anyone using T/A that could be interpreted also as g*** should not post here?

Surely, provided no-one doesn't mention the g*** word - they should be left in peace?

 

[wayneL]

An invitation for discussion of Gann techniques here: https://www.aussiestockforums.com/forums/showthread.php?t=4875

Thanks

 

[sails]

An invitation for discussion of Gann techniques here: https://www.aussiestockforums.com/forums/showthread.php?t=4875

Thanks

No worries - however I did not initiate the subject on this thread - just didn't want spitrader provoking the issue again

 

[professor_frink]

Howdy folks, hope everyone had a good christmas

Hey Ed, what timeframe was that chart you posted this morning? Would have been a great short on a break of that wedge you posted.

Was a good day to get back into the swing of things- gap open at R2, above yesterday's high. Nice friendly way to start the year

 

[Edwood]

hi Prof, twas a 1 month 60 min chart. yeah it was a nice set up, didn't trade it tho, getting my feet back under the desk & getting used to watching a market each day again as I've been out since Sept. gotta say its good to be back!

 

[professor_frink]

hi Prof, twas a 1 month 60 min chart. yeah it was a nice set up, didn't trade it tho, getting my feet back under the desk & getting used to watching a market each day again as I've been out since Sept. gotta say its good to be back!

Cheers Ed
yep, it's good to be trading again :dance:

 

[Edwood]

aye it'll be better tho when I've actually pulled the trigger!

quick question - I see theres lots of 'out of hours' action given your 24 hour trading with SPI - do you guys get involved in this or tend to stick to '9-to-5'

cheers

edit: reason I ask is there looks to be some good moves out of hours

 

[professor_frink]

aye it'll be better tho when I've actually pulled the trigger!

quick question - I see theres lots of 'out of hours' action given your 24 hour trading with SPI - do you guys get involved in this or tend to stick to '9-to-5'

cheers

edit: reason I ask is there looks to be some good moves out of hours

I stick to regular business hours myself- she's pretty thinly traded after hours. Back in the old thread, Freddo would have orders going off after hours, but he was more of a swing trader. Currently the spread is out to 3 pts already(54/57) and there is only 1 contract offered on either side.

If you are interested in getting some action at this time of the day, the Hang Seng is still open in our region.

 

[Edwood]

good point Prof, I didn't think of Asia! I don't look at volume as have always participated in hours. will have to when I move to direct access I spose. so that would explain why Aus execution with CMC is apparently v. slow out of hours...

there's also UK and Dax for the evening - Dax can be entertaining. alrightee off for dinner now, catch you tomorrow

Ed

 

[wayneL]

No worries - however I did not initiate the subject on this thread - just didn't want spitrader provoking the issue again

Margaret,

My post was not directed at you, or anyone in fact. Just a reminder that we have a Gann/SPI thread that is feeling very unloved because nobody is using it

...and it's best to keep the two camps apart

Cheers

 

[Edwood]

morning all - good range on the US overnight & Vix up, might see some volatility altho sitting on 3 month support so a break could be good for shorts

 

[professor_frink]

morning all - good range on the US overnight & Vix up, might see some volatility altho sitting on 3 month support so a break could be good for shorts

morning Ed, looks like I've missed out- have a weekly pivot at 5607, which the market just missed this morning before it bounced. I probably shouldn't have waited for a test, but oh well, there's always another trade just round the corner

 

[Edwood]

aye market will always be there tomorrow - have learned not to get phased by missing a move