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Trading The SPI - NON-Gann Techniques

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Hi there all ,hey julies,is that a daily pivot price bouncing off ?

I have a monthly and weekly pivot arond 5103 and 5107 holding market up at moment ,i was following daily pivots for a while but found them of little use to me but weekly and monthly im finding very significent ,


hey trembling hand have you looked at doing less trades but geetting more points, im guessing you have ,is it the excitment of doing scalpes or youve found just better for your style .i was doing smaller moves but found 1 bad move wiped out all gains from smaller moves ,am gradually holding for longer moves now and tighter stops and am gradually getting ahead more .Nathan
 
nat said:
hey Trembling Hand have you looked at doing less trades but geetting more points, im guessing you have ,is it the excitment of doing scalpes or youve found just better for your style .i was doing smaller moves but found 1 bad move wiped out all gains from smaller moves ,am gradually holding for longer moves now and tighter stops and am gradually getting ahead more .Nathan
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Not the excitement just found my niche. I had a much higher expectancy going for 20 point or more moves but I make much more money scalping. My expectancy scalping is not much more than 1 point (after brokerage on the SPI) but times 100 odd round trips on the SPI thats a good days work. (then there is the HSI) I know its not for every one. You gotta be comfortable taking multiple loses and taking them fast.
 
Hi Julius,

What numbers are you basing your pivots on, mine are different ?:eek:

Hi Nat,

that sounds interesting, I will work them out, do you just use weekly/ monthly H, L, C then standard pivot rules to get them ?
 
Trembling Hand said:
Not the excitement just found my niche. I had a much higher expectancy going for 20 point or more moves but I make much more money scalping. My expectancy scalping is not much more than 1 point (after brokerage on the SPI) but times 100 odd round trips on the SPI thats a good days work. (then there is the HSI) I know its not for every one. You gotta be comfortable taking multiple loses and taking them fast.
Click to expand...

Very interesting TH....
For my scalps I look for 3 points after brokerage but would not trade this as often as you.

I did very well on the HSI for a while, then it was like someone reverse engineered my trading plan. i traded it to the rule prefected and it underwent the longest lossing streak (just as i started to trade multiple contracts too).

Do you use the same system on the HSI as the SPI?
and can you please post it here in full detail ... :D just kidding please send it just to me in a PM ;)
 
macca said:
Hi Julius,

What numbers are you basing your pivots on, mine are different ?:eek:

Hi Nat,

that sounds interesting, I will work them out, do you just use weekly/ monthly H, L, C then standard pivot rules to get them ?
Click to expand...

hi macca ,i just use the standard garden variety pivots for monthly and weeklies ,i then put them on my chart as a bit of a guide along with other things eg today being a monthly and weekly so close together one has strong confluence and as day turned out tried to go below them but each time someone pulled it back up above ,but tomorrow could be another day or the night session might get it below well and good .
i get the high low and close off of future source charts then put them in this
http://www.mypivots.com/Education/tools/pivot-calculator/ then just write them down for month or week .Bronte had a bit about pivots and stuff back in thread earlier.I would love to learn amibroker one day as ive seen others do charts here that does it automatically.

Also am finding acouches numbers very handy as well to get targets or directions specially if lines up with a monthly oor weekly pivot ,thanx acouch for them ,thou i should be learning how to do them myself one day .

Nathan
 
Thanks for that Nathan, I never thought to use them over the longer time frames.

So for weekly, you use the previous Monday to Friday HLC and apply them for the next week.

I use that calculator for my dailies so no probs there.

good luck with your trading

Macca
 
macca : it's a variation on traditional pivots using .618 of the range...

tremblinghand - how long have you been day trading ?
 
macca said:
Thanks for that Nathan, I never thought to use them over the longer time frames.

So for weekly, you use the previous Monday to Friday HLC and apply them for the next week.

I use that calculator for my dailies so no probs there.

good luck with your trading

Macca
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yes that is correct and same for previous month,Nathan
 
Today's Demo trades,

total 16 for the day. today was a touch more tricky then yesterday. but another great day!

TH, today was 1 of those day's that made me think dame this f%$King spread. :). I take solace knowing it's only a demo condition that i have to deal with.
 

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Aussie financials have finished a bottom today. esp MQG with volume.
Looks like we might have finished the test of January's lows.
Fed to the rescue...finally.
SPI and banks should look good from now.
Hopefully for more than a few days.
 
good morning all
today's road map
have a great day, and good trades
ac;)
 

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Loving these gaps! :)

There is no way I could sleep at night trading EOD at the moment.

Loving the intraday stuff though.
The open gave me an easy long trade need to watch now to see if the gap tries to close. If it starts coming back throught the open I'll be hitching a ride with it.
 
hi all hope everyones trading going weell.
Hey maccca did you put your weekly and monthly pivots in they played a part agin the smorning.Dailies were left well behind thou could play a part later on in day .also yesterday one had a weekly monthly and a daily pivot cluster in a tight range so def played a part.Nathan
 
julius said:
fred what were you looking for on your long this morning ...
Click to expand...

Hi Julius,

The long trade this morning was purely based on me slip streaming
as I believed the "bears" would be in a panic at such a big gap.

My short today was simply based on the tendancy for gaps to attempt to close. They don't always but regularly do.

Some very very easy trades today.
Didn't use a single indicator just a bar chart. Just simply based on typical behaviour of this contract.

:bananasmi
 

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