Trading the SPI

[Bronte]

Thank you professor
Of course you were in chat as well.

As I explained in chat:

Risk:5/6
Reward:
+4 taken
+8 taken
+16 taken
Let one run.......maybe.
See how Sycom opens

 

[professor_frink]

thanks

 

[Bronte]

11/10/2006 14:03:42
5295 High
Now 5276

1 min Chart showing time.

 

[Bronte]

Bronte, you asked me to confirm a comment this a.m. ... anyway for what it's worth ....
I said that I was looking to short. You offered words to the effect "watch 5295 ... either this afternoon or tomorrow". I stated I had my resistance level at 87.

Today SPI Chart:

 

[Bobby]

Hope you have a good 'ticker' Bob
The SPI is still going up
5288 High

Well its not recommended for the squeamish :

 

[professor_frink]

Well its not recommended for the squeamish :

did you come out unscathed Bobby?

 

[Bobby]

.. you got a stop set yet bob? Not sure how far this wll take it .. but broke all up resistance so far ... i got 87 as next resistance ... others have 91 ... if it takes those out may test prev all highs.
If yr watching it then ok ... good luck.

Gee I got a bit annoyed when it kept going up, so I went for a swim.
Looking at it now I feel better for not setting a stop !
I'm going to let it run overnight with no stop, I know its not the recommended play but thats how I trade sometimes.

Thanks for the good luck.
Bob.

 

[Bobby]

did you come out unscathed Bobby?

I've been punched about but its only the first round

 

[professor_frink]

I've been punched about but its only the first round

Ok then. Seen as though I'm not long, I hope it gets hammered o/n

 

[Bronte]

Thank you professor
Of course you were in chat as well.

As I explained in chat:

Risk:5/6
Reward:
+4 taken
+8 taken
+16 taken
Let one run.......maybe.
See how Sycom opens

Early this morning in chat "Sell 5295"
Now 5261 Sycom

 

[Bronte]

You offered words to the effect "watch 5295 ... either this afternoon or tomorrow"

The timing was after hours.
5295 High was 4 mins after ASX closed.

 

[Bobby]

Ok then. Seen as though I'm not long, I hope it gets hammered o/n

Thanks Professor, just looked at the platform - buy offer is 5268, so I,m 5 points plus, after todays nightmare should I take the 5 points

Nup I'll go to bed & not look at it till I wake, and that will be late, I can't control what the offer will be, but I can control what I do

Cheers Bob.

 

[Euler]

Power failure zapped my main computer ... so am toiling on recovering my main machine while using my little backup unit to download any drivers etc I need ... fingers crossed .... be back soon I hope
..... not happy!!

 

[professor_frink]

Power failure zapped my main computer ... so am toiling on recovering my main machine while using my little backup unit to download any drivers etc I need ... fingers crossed .... be back soon I hope
..... not happy!!

Sorry to hear that mate

c:

Thanks Professor, just looked at the platform - buy offer is 5268, so I,m 5 points plus, after todays nightmare should I take the 5 points

Nup I'll go to bed & not look at it till I wake, and that will be late, I can't control what the offer will be, but I can control what I do

Cheers Bob.

It's a tough one Bobby, Looks like it's caught in chop city at the moment.

Personally if it was me, I would probably run away and cop it on the chin.

But I'm also a coward!

 

[spitrader1]

Sorry to hear that mate

c:



It's a tough one Bobby, Looks like it's caught in chop city at the moment.

Personally if it was me, I would probably run away and cop it on the chin.

But I'm also a coward!

told you it would bounce of 80.....

 

[professor_frink]

told you it would bounce of 80.....

Did you get back on?


I'm kinda glad I had no net for the open- I probably would have been chopped to death

 

[Bobby]

Sorry to hear that mate

c:



It's a tough one Bobby, Looks like it's caught in chop city at the moment.

Personally if it was me, I would probably run away and cop it on the chin.

But I'm also a coward!

Maybe I'm a dope but still in there :sheep:

Bob.

 

[Hudlass]

SPI now 5286

Our target for today is 5295
Resistance starts here for us.
Ref. PM's & Chat

Hi Bronte,

Taking your last Gann level of 5295 as a starting point and going back to your previous posts (around page 70 in this thread), it looks like your using the Square of 9 to calculate resistance levels.

All the levels fell into either the Cardinal or Ordinal Cross.

Rather than me working back below 5295, can you tell me what level/number you use as a starting point?

Thanks.

 

[wayneL]

Hi Bronte,

Taking your last Gann level of 5295 as a starting point and going back to your previous posts (around page 70 in this thread), it looks like your using the Square of 9 to calculate resistance levels.

All the levels fell into either the Cardinal or Ordinal Cross.

Rather than me working back below 5295, can you tell me what level/number you use as a starting point?

Thanks.

Rots of Ruck getting that info.

 

[Bronte]

You offered words to the effect "watch 5295 ... either this afternoon or tomorrow".

Todays SPI Chart: