Trading the SPI

[Ageo]

That was a hero trade hehe,

stopped out for 10 point loss.

ill get em back thow

 

[Bronte]

4926 R1 is doing well
Yesterdays High was 4927
Yesterdays Gann Resistance was also here
Now 4912 Low

 

[Bronte]

We have orders to buy around the pivot point....that's a Low Open

We did have orders to buy 4905 now cancelled.

 

[Bronte]

Now 4907 seems to be holding for the second time

 

[neo]

Could we have seen the bottom?
Could it be all up from here?
I'm long at 4910..????

 

[Bronte]

Story so far:

 

[Ageo]

strange 1st open that has stagnated in many days.

hopefully a breakout should occur soon.

 

[Bronte]

Now 4907 seems to be holding for the second time

Do you have a stoploss / target neo?

 

[Bronte]

Good luck with your trade
SPI now 4916 +6

 

[neo]

Initial Stop loss 4900
Target 4930-4935
Trailing stops (not set in concrete)

 

[Bronte]

You have done very well neo....

Please remember dead dude rules:

W D Gann Rule No.4. Never let a profit run into a loss.

SPI now 4912

 

[Bronte]

We could see 4909
Now 4911

 

[Bronte]

We could see 4909
Now 4911

The Friday lunchtime drift

 

[neo]

Wise rules from a dead man!
Sorry, had to do stuff ....I try to trade while I'm at my real job with my partner at home for back up.
OK profit made today (+10) .
That's me for today.... I think!

 

[Realist]

My guess for what it is worth is buy long about 12:50pm and hold till 3:20pm.

We'll see how I do...

 

[neo]

Sounds like a plan Realist..
Maybe now is a good time to take that long trade...
SPI keeps bouncing off 4911 ????????????

 

[Realist]

Yeah I think it'll go long for a little while until people jump out before 4pm before heading off to the pub for the weekend.

 

[neo]

Me too.......entry 4912!!!

 

[Ageo]

boring..........

 

[neo]

sure is!!!.........should pick up soon!