Trading the SPI

[nat]

oh ok thanx for that ,a lot clearer now ,i thought his later post was talking about the gap from open today ,then i was wondering how the last post fitted into that.

 

[Poor_Grenville]

because professor you see, bronte is the best hind sight trader there is. if you read the persons posts, and i have been, they are always bullish on up days and bearish on down days. but never do he/she give a real time opinion trade. they post there ideas after the market has moved, and yeah sure, some of there posts are correct in buying of support levels etc, but the graphs are only ever posted after the fact, and no trading positions are given when taken. questions like urs will be answered somewhere along the lines of " i only ever buy when my system gann cash resistance level futures open dow curve fit elliot wave supercalofrajiclistic system tells me to". Some people buy into this caper as intelligence, but alas, I am not one of them. I have been in the market for 15 years 10 as a professional and i still do not understand some of the persons posts. And ive only just realised why, because they DO NOT make sense...

Interesting observations... hmmm... lots to think about

 

[Bronte]

Always keep an eye on the 'Big Pictures' nat

 

[spitrader1]

Interesting observations... hmmm... lots to think about

just so i can be opne and frank as well, i dont want to be a hipocrite you see, i will post my trades every day what i do and when i do them...i have done this in the past in the chat rooms but no one seems to go there any more.

 

[Bronte]

The 'Gap" didn't close.
5033 High....followed by a big 'Sell off'
I will post a chart soon

 

[Poor_Grenville]

just so i can be opne and frank as well, i dont want to be a hipocrite you see, i will post my trades every day what i do and when i do them...i have done this in the past in the chat rooms but no one seems to go there any more.

Oh? I would love to chat with SPI traders! Hope to see you in there tomorrow

 

[Bronte]

A 40 point move is well above the average 'True Range' for the SPI
They want to Close the 'Gap'....

04.00PM post
We only had a 5023 High at this stage....
Before 'Happy hour'
See chart...next page:

 

[nat]

count me in im keen to observe and learn, Nat

 

[spitrader1]

count me in im keen to observe and learn, Nat

not saying you will learn off me but i will give reasons and give live trades as i see fit for my account. just so everyone knows (as ive said before) i trade index arb...ie, the cash market against the futures market.

 

[Bronte]

04.00PM post
We only had a 5023 High at this stage....
Before 'Happy hour'
See chart...

Today 5 min SPI chart:

 

[Bronte]

They want to Close the 'Gap'....

As you can see it was a good call

 

[neo]

Heres a question from left field.
Does anyone here NOT use charts to trade?
I generally trade only the open.
I average about 30 points a week profit.
I DO NOT use charts for trade entries but use an intraday tick chart to manage my exits.
I have noticed that as I started to listen more about pivot points,support and resistance etc my trading suffered. I started to doubt my plan due to TA reasons and then I subsequently missed opportunities that I would have otherwise taken.

 

[Bronte]

CONGRATULATIONS Neo
You are in the 10% club.
My suggestion is to log on here only after you have traded.
As your account grows aim to trade more and more contracts.
Buy lots of 'Assets'

My aim here was never to 'Trade live' just to show that
Gann is a system that works very well for us.
Also a place to discuss: 'Trading the SPI'

 

[Bronte]

My aim here was never to 'Trade live' just to show that
Gann is a system that works very well for us.
Also a place to discuss: 'Trading the SPI'

I think we succeeded
Over 100,000 Views
Over 70 contributers
Over 3100 Replies

 

[wayneL]

Chalk another one up for the mighty pivots

Simple, easy to calculate, unambiguous, and effective.

Cheers

 

[wayneL]

i trade index arb...ie, the cash market against the futures market.

That's piqued my interest.

spi, how do you trade the cash?

 

[wayneL]

Here is the deal.

Rednose is unbanned, but I am not convinced.

I am going to clean some of the rubbish out of this thread.

It will get back to trading the SPI

discussion will centre around technique and/or live trades.

Hindsite trades are a serious bone of contention and will be deleted. But pointing that the market bounced off such and such a level is fine.

Any questions?

 

[Bronte]

Thank you

 

[Bronte]

We should meet Wayne

 

[Bronte]

My loving father died last October
I went to England to see him..just before