Trading the SPI

[onemore]

succeeded? So you showed the world that you trade gann very well

I for one am converted! Where is my gann square wheel thingy? I've got to get to work

Man I'd really hate to see what kind of state this thread would be in if you failed.

100,000 people viewing a train wreck.
70 people taking time out of their trading to have a go at you.
3100 replies- about 200 of them about trading, 1000 arguing, and 1900 self congratulatory posts.

I asked Bront/man some advice once on the settings ect of the Gann square wheel . No Help I was just labelled the one button pilot.

Prof I loved your above post

cheers

 

[Bronte]

You are VERY wrong this time

 

[professor_frink]

I asked Bront/man some advice once on the settings ect of the Gann square wheel . No Help I was just labelled the one button pilot.

Prof I loved your above post

cheers

One button pilot. Love it

 

[wayneL]

Someone post a chart ferchrissake

 

[professor_frink]

Someone post a chart ferchrissake

Here's one of my fav's- Dow in 29'

 

[Bronte]

You have done well Wayne.
The ARCHIVIST has it all on file.

 

[Ageo]

Wayne do you mind if the CFD traders post about the A200 on this thread? i know it might confuse others but at least the action is in 1 thread?

 

[wayneL]

Wayne do you mind if the CFD traders post about the A200 on this thread? i know it might confuse others but at least the action is in 1 thread?

Ageo

Of course you can, the oz200 is still the same underlying. Even other indicies if it helps show a process or method.

It's really just hindsite trades (of which I have been guilty of too ) which gets people uptight.

e.g. bought @ 4900 when the index has already run 5 points. A bit of delay is natural because of the time it take to post.

With so many following this thread, I just want to make sure people post with integrity.

Cheers

 

[Ageo]

Ageo

.

e.g. bought @ 4900 when the index has already run 5 points. A bit of delay is natural because of the time it take to post.

With so many following this thread, I just want to make sure people post with integrity.

Cheers

Sorry about that mate, I try to post as fast as possible but sometimes its just not possible as it takes a couple of minutes (then of course sometimes more if the server is slow).

Im posting more for recreation then anything else (just to add an opinion) but in no way is it meant for boasting (not that there is anything to boast hehe).

anywayz ill try my best to keep it clean and simple.

 

[professor_frink]

Well it should be an interesting day today folks.

o/n the spi closed at 5009-down slightly.
Dow flat.
Todays pivot is at 5009,S1 at 4985, and R1 at 5044. The upper end of the trend channel that we broke out of yesterday is around 5000.

Probably won't be looking for shorts below the pivot-Will wait to see if the trend channel holds the price up.

May look for a buy if it opens down and moves up through the pivot. Having said that, I don't really have a strong opinion about today. May end up on the sidelines

 

[Ageo]

today ill be looking for shorts on a higher open or early move up.

will keep you's posted

 

[Sensei]

A very lively forum of late ... good to see the discussion of varied views. Great posts by Magdoran, WayneL, the Prof ...and excuse all those I haven't mentined.

Today my bias is to take a short position .... will watch for possibility into early the 20's .... but then again watch for a continuation pattern if volume is strong.

 

[Ageo]

short 20 contracts @ 5045 on the A200 that is

stops placed 20 points above.

 

[Ageo]

stop moved to 5045 (breakeven).

 

[Ageo]

moved stop back to 5065 to give it some room to breath.

R1 level is 5053.

ill move the stop back to breakeven if it decides to move down and settle

 

[Pager]

Missed the boat today, using IB,s Webtrader and either that or my PC had a fit just before 9-40 , by the time I had got it sorted and rebooted the market was well open and im out of tune with movements .

Anyone else have problems with IB this morning, although thinking it was my PC

Until the close ?

 

[professor_frink]

Missed the boat today, using IB,s Webtrader and either that or my PC had a fit just before 9-40 , by the time I had got it sorted and rebooted the market was well open and im out of tune with movements .

Anyone else have problems with IB this morning, although thinking it was my PC

Until the close ?

All fine over here Pager. I'm not using the webtrader though.

 

[professor_frink]

Not going to trade today- I'm finding too many reasons not to put a trade on near the pivot level, meaning very wide stops if I enter, so I'm gunna sit this one out. Good luck today everyone

 

[Ageo]

Not going to trade today- I'm finding too many reasons not to put a trade on near the pivot level, meaning very wide stops if I enter, so I'm gunna sit this one out. Good luck today everyone

when i place support/resistance trades i always have a wider stop (20 points) simply because a day like today there can be extra volatility (on the 5min candle bars im seeing over 10 point moves!).

but for breakouts and EMA crossover a standard 10 point stop is enough for me.

Anywayz i have targets for it to hit the 4990 level or so. Currently its @ 5035

 

[professor_frink]

when i place support/resistance trades i always have a wider stop (20 points) simply because a day like today there can be extra volatility (on the 5min candle bars im seeing over 10 point moves!).

but for breakouts and EMA crossover a standard 10 point stop is enough for me.

Anywayz i have targets for it to hit the 4990 level or so. Currently its @ 5035

Yeah she's a bit choppy at the moment. It's sunny outside, it's friday, I'm going to go outside for a change!

Gotta go work on my tan a bit- I'm off to Fiji at the end of next week and I'm currently so white that I glow in the dark

Have a good weekend all