Trading The SPI - NON-Gann Techniques

[Freddo]

Who's the bad boy throwing around those 200 contract sell orders?

Not me!
I only place orders in multiples of 201

 

[julius]

slaughter on the SPI

 

[Freddo]

what a weird day.
Heavy action in the morning, then flat finally someone tries to kick start it.

 

[acouch]

evening all
for our syco traders for this evening
ac

 

[julius]

hey couchy whats the indicator in the lower pane ?

 

[acouch]

CCI/n commod channel index
ac

 

[acouch]

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

 

[>Apocalypto<]

Looking forward to hitting the SPI.

I am going to use IG SPI chart, with IB as the broker. still practicing now. Looking to go live with IB in about 2-3 months. need more solid practice. still working out the Ratios per trade.. TH do u go into a trade with a set limit? or do u close manually?

On the chart posted below are all the entries u could have hit but realistically I would have only taken half of them. getting pretty pumped up about it! :scratch:

I know that chart was taken in a fast and volatile market but it works great in the slower markets as well.

 

[Trembling Hand]

I am going to use IG SPI chart, with IB as the broker. still practicing now. Looking to go live with IB in about 2-3 months. need more solid practice. still working out the Ratios per trade.. TH do u go into a trade with a set limit? or do u close manually?

I trade with Bracket orders so i have a OCO stop market and limit target or targets orders. But rarely let the stop get hit and will take myself out manually. Also scratch a hell of a lot of trades.

 

[julius]

breakeven stops really are pure gold

...looks interesting Apoc - is that your system ?

 

[>Apocalypto<]

I trade with Bracket orders so i have a OCO stop market and limit target or targets orders. But rarely let the stop get hit and will take myself out manually. Also scratch a hell of a lot of trades.

mastering and incorperating orders into short term trading (intraday) can be a god send. I am looking at limits to have set take profit areas., And stops of course.

 

[>Apocalypto<]

breakeven stops really are pure gold

...looks interesting Apoc - is that your system ?

Julius,

I sent a pm with the link.

 

[>Apocalypto<]

today's trades

short

ent 5215
ext 5201

it kept going but 14 was a very nice take!

building now I won't be taking any more shorts until we have another new down cycle.

 

[>Apocalypto<]

Today's trades.

14 points on the first, 5 on the 2nd & 11 on my third. total 30 for the day. Looking forward to going live!

I have added a rule to my trading, I will not let a 5+ winner turn into a loss. I am even thinking about putting limits to take 5 off and let the trade run at break even. Still playing around with that. Opening each trade with two contracts will mean total 10 point losses, If stopped.

 

[acouch]

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

 

[Trembling Hand]

Anyone enjoying this?? I am, wish every day was like this. Already done 24 round trips. time for my third

 

[Edwood]

yes its nice & bouncy alright - have been in & out twice now from 5104

 

[Freddo]

Loving the intraday action.
Have.n't been able to take an EOD trade for a while, my stops would have to be put too far away

 

[julius]

Lovely short play off the pivots this morning...

 

[Freddo]

I bought some intraday data from www.cqg.com
just about to load it and back test, one worryng part is their FAQ says the date and time is recorded at their local Chicago time not SFE time.
So trying to figure out whats the day and whats the night sessions data
might tip me over the edge.