Trading the SPI

[Bronte]

I don't trade the SPI.

The thread is called "Trading the SPI"
You have posted here 180 times Wayne and now
we find out that you do NOT trade the SPI

 

[wayneL]

The thread is called "Trading the SPI"
You have posted here 180 times Wayne and now
we find out that you do NOT trade the SPI

Like I said before, it's like a bad traffic accident, horrible to see, but you just can't help looking

Joke

I do trade futures though, so the thread is of interest. I do have a resposibility to view as many threads as possible too.

 

[Bronte]

Yes, and I did make some calls.. some live, some hindsite. Cheers

Sorry Wayne our posts crossed.

Can you show us one of these live SPI trades please.

 

[wayneL]

Sorry Wayne our posts crossed.

Can you show us one of these live SPI trades please.

Bronte

I don't really care if I did or didn't. Just to make it easy and so I don't have to trawl through a kajillion posts, I never posted a live trade, OK. I'm more about the process as stated.

But my posts are not at issue, yours are.

This is easily repaired by simple being unambiguous if you want to post live trades. It's that easy.

I would actually prefer that you told us more about your process; why xyz is Gann support etc. That would be interesting.

It would probably get you more students as well

Over at rc the gannists are actually starting to discuss their methods more openly and are to be commended for doing so.

Cheers

 

[Ageo]

now now boys, lets keep it clean with trades regarding the SPI (and of course the CFD boys for A200).

i sometimes dont like calling live trades as i think it will jinx me, but then again its always good to be brave and bold. So thats why i dont mind them

 

[Poor_Grenville]

My Journal Is Up

Hi!

I've just started a journal on my trading the SPI 200. Feel free to check it out from time to time!

 

[wayneL]

now now boys, lets keep it clean with trades regarding the SPI (and of course the CFD boys for A200).

i sometimes dont like calling live trades as i think it will jinx me, but then again its always good to be brave and bold. So thats why i dont mind them

Ageo

Calling live trades is good for some people. It can make you trade better, because it makes you have a logic for taking the trade. Not wanting to discourage live calls, I was just stating my personal preference.

Post on

Cheers

 

[Realist]

now now boys, lets keep it clean with trades regarding the SPI (and of course the CFD boys for A200).

i sometimes dont like calling live trades as i think it will jinx me, but then again its always good to be brave and bold. So thats why i dont mind them

Well I think you are better to post it live, and if it goes wrong make a fool of yourself and for others to helpfully crticise you and explain your mistakes and learn from it then to keep doing it in private losing money.

A bit of embarassment is worth saving some money in future.

 

[Bronte]

It has never been our intention to call live trades.
Although these days we have shown many
Just to show that we trade the SPI using Gann Support / Resistances
Nobody has ever said to us that they do not work
Just that what they saw was in hindsight.
Futures trading is as simple as that.
Sell off Resistance
Buy off Support.

 

[Bronte]

rc is so quiet it upsets us.
gazelle is doing a fine job

 

[Bronte]

"Buy Low and Sell High"

This simply means that you identify an area of Support
ie Gann, Fibonacci, previous proven areas - double bottoms 50% etc
Buy low when the market is moving away from this area.
Place a stoploss a few points away (under the area of Support)
If you are wrong happily take a small loss or reverse.
When right use a trailing stoploss to take a large profit
when the market turns.
Or trade to:

"Sell High and Buy Low"

This simply means that you identify an area of Resistance
ie Gann, Fibonacci, previous proven areas - double tops 100% etc
Sell high when the market is moving away from this area.
Place a stoploss a few points away (above the Resistance)
If you are wrong happily take a small loss or reverse.
When right use a trailing stoploss to take a large profit
when the market turns.

This is trading what You see with great Risk Management.
__________________

For Educational Purposes only.

Post #2 Page1

 

[Bronte]

Todays Gann Support was posted well before the market traded there:
Ask yourself...."Could I make money trading off these Gann areas?"
It doesn't have to be Gann....whatever works for you

 

[wayneL]

Fine,

But IF you post trades, they should be live, otherwise not at all.

Posting support and resistance is also good, but fairly useless if there is no reason for it. "Gann" is not a reason. Gann was a person.

Support at x because of square of 23.765, fib level, static horizontal, floor pivots or whatever, is a reason.

Wouldn't it be ridiculous to say wayneL support at 4900? Of course it would, because it doesn't tell anybody anything.

Try posting WHY dead person support at 4900 is so.

Cheers

 

[nizar]

If any of u had some balls and shorted SPI last night after that big day and made a motza... nice one, u did well !!!! .....

 

[Bronte]

If you have XXXXX Support let's here it.
Or anything else that works.
We might want to study your method.
Gann was a person...it is also a method

 

[wayneL]

gazelle is doing a fine job

So why was 4915 dead person support?

 

[wayneL]

If you have XXXXX Support let's here it.
Or anything else that works.
We might want to study your method.

Most of us have spilt or guts already, we might want to study yours.

You don't have to give away everything, just some reasons for 4915 support.

 

[Bronte]

Battman gave us the Support at 07.30am this morning
That is all I need to know.....It will work

 

[wayneL]

Gann was a person...it is also a method

Gann had various methods I believe. Which one said support at 4915?

 

[wayneL]

Battman gave us the Support at 07.30am this morning
That is all I need to know.....It will work

You are allegedly married to Mr Battman yet don't know why 4915 is suppoprt???

Hmmmmmmmm