Trading the SPI

[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!!

... sorry I know it's off the topic ... but 9 hrs later after several calls to optus and my pc guru I still have no connction to my main machine .... just won't give me a connection. Taking it to my pc guru in the morn to get to the root cause. The funny thing is this pc I'm using now (then Mrs's) works fine on the lan (router connection to myine and wireless to this one) ..... so have come to the conclusion the power failure may have zapped my op system somehow and effecting the lan set-up on my machine.

Anyway back on the SPI ....
1. well done bobby .... the swim worked and hope it falls from here for you.
2. repeat ... a good call of the high bront ... we should along with WayneL, Hudlass, the Prof and any others have a discussion about square of nine with you. I know someone who made amazing calls with it.
3. hope to be back asap ... but it looks like not before tomorrow afternoon at the earliest

... may the SPI-gods be with you ... am suffering SPI withdrawls already .....

 

[wayneL]

Good luck with the puter Eulass...wonderful machines...when they work
LOL

.
2. repeat ... a good call of the high bront ... we should along with WayneL, Hudlass, the Prof and any others have a discussion about square of nine with you. I know someone who made amazing calls with it.

I'm up for it. But I doubt Battman (Bronte) will, while he maintains this infantile secrecy.

I started a thread on the subject HERE

 

[Bronte]

Sell: 'Gann Resistance'
Buy: 'Gann Support'
Hide your stoploss.
Make money $$$$
Simple really

Every time we issue/post a Gann Resistance / Support Level....
(certainly not always here at ASF)
Some SPI traders somewhere trades them. (Buy / Sell)

Hopefully some SPI traders here at ASF took todays 5295 Sell

 

[neo]

5295 was signifacant for other reasons today....... anyone trade short from here for reasons other than technical reasons?

 

[wayneL]

Hopefully some SPI traders here at ASF took todays 5295 Sell

Any trader who takes a call without understanding the reasoning or method behind the call is a complete ####wit.

 

[doctorj]

Any trader who takes a call without understanding the reasoning or method behind the call is a complete ####wit.

Or a gambler!

I want to know how and why. If I want some chap to tell the future using the stars and planets or whatever without explaining me the reasoning, I'll look at my stars (libra all the way!).

If I'm risking my capital, I'd like to use something a little more than hocus pocus. Unless you care to prove it isn't....

 

[Bronte]

Any trader who takes a call without understanding the reasoning or method behind the call is a complete ####wit.

Certainly agree with that post Wayne.
Now let us say you have your own Sell signal that coincides with the 'Gann Resistance' posted .......
Now would you take the trade?
As per neo's post

 

[doctorj]

Certainly agree with that post Wayne.
Now let us say you have your own Sell signal that coincides with the 'Gann Resistance' posted .......
Now would you take the trade?
As per neo's post

Ofcourse, but the trade would have been taken irrespective of your Gann Guess and in the absence of any reason or explaination it wouldn't give me any more confidence in my signal.

Conversely, if I had a buy signal at your Gann Guess, I'd have taken that too.

 

[Bronte]

What if you knew from previous experience / research
that the 'Gann Guess' had a very high Success Rate?

 

[wayneL]

Certainly agree with that post Wayne.
Now let us say you have your own Sell signal that coincides with the 'Gann Resistance' posted .......
Now would you take the trade?
As per neo's post

Of course. Duh!

But the decision would not be contingent upon it being coincident with some cloak-and-dagger Gann BS. It would not even be considered.

 

[wayneL]

What if you knew from previous experience / research
that the 'Gann Guess' had a very high Success Rate?

That information is not available.

Hedged and/or hindsight calls on a forum do not count.

 

[doctorj]

What if you knew from previous experience / research
that the 'Gann Guess' had a very high Success Rate?

Then I would be interested in learning more, but I imagine I would quickly grow frustrated when the person who claims to be such an expert continues to dodge questions and fail to add any substance to his/her posts.

The point is a guess (and that's exactly what it is in the absence of justification) that no one can even learn from - pointless.

Even if you were to post something along the lines of "Jupiter is passing thru capricorn and the moon is full and the great cosmic coin landed on heads this morning, therefore the day is bearish with expected resistance at XXXX" it would be more useful than posting "Gann says resistance at XXXX"

 

[swingstar]

Or a gambler!

I want to know how and why. If I want some chap to tell the future using the stars and planets or whatever without explaining me the reasoning, I'll look at my stars (libra all the way!).

If I'm risking my capital, I'd like to use something a little more than hocus pocus. Unless you care to prove it isn't....

How is price action or fundamentals any different to what the alignment of planets might mean for a stock?

So long as you have a reason and a plan, shouldn't matter what analysis you use.

 

[swingstar]

Having said that, I would like to see more info from Bronte. Of course I don't know a lot about Gann, so what she's saying might actually mean something to another Gann trader.

Like when someone does an EW count, might mean f'all to an economist or someone who has no interest in TA. When I post a chart or something, I'll say what I think is a probability though.

Actually what I'd like to see, is Bronte saying this, this and this has happened, and in history, this, this and that generally happens, and this is the trade I'm taking. I'll get out when this happens, because my original analysis is now invalid.

Otherwise, will mean absolutely nothing to me, until I do some study on Gann.

 

[Bronte]

That is very true swingstar.

Out of 5300 members here, how many teach?
We never said anything about teaching the world,
(this is a window to the world....is it not?)
or of being Gann experts

 

[Bronte]

'Trading the SPI'
- over 90 per cent of futures trades lose! Brent Penfold

This thread is about 'Trading the SPI'
Hopefully someone can show us another method.
That is not Gann.

 

[wayneL]

'Trading the SPI'
- over 90 per cent of futures trades lose! Brent Penfold

This thread is about 'Trading the SPI'
Hopefully someone can show us another method.
That is not Gann.

Battman,

After nearly 4000 posts in this thread, we still have not ascertained what IS Gann.

But as a matter of fact, other methods have been discussed e.g.

Floor traders pivots, including calcs.

Frank D has posted some material

Ageo's MA crossover method

etc etc etc

Please!!! Enough with the red herrings!!!

 

[happytrader]

Hi Bronte

I notice 'Barman' aka 'Battman is still in the top ten and currently holding forth position in the Sonray trading game.
Nice consistent effort.

Cheers
Happytrader

 

[Magdoran]

Having said that, I would like to see more info from Bronte. Of course I don't know a lot about Gann, so what she's saying might actually mean something to another Gann trader.

Like when someone does an EW count, might mean f'all to an economist or someone who has no interest in TA. When I post a chart or something, I'll say what I think is a probability though.

Actually what I'd like to see, is Bronte saying this, this and this has happened, and in history, this, this and that generally happens, and this is the trade I'm taking. I'll get out when this happens, because my original analysis is now invalid.

Otherwise, will mean absolutely nothing to me, until I do some study on Gann.

I agree with swingstar. Having studied many market approaches, I would find it interesting to find out which segment of Gann’s works Bronte/Battman subscribes to.

I suspect that it is the square of 9 that they are using (they have said this before), but there are many different varieties of use depending on which school of Gann you adopt. I suspect that they are in the astrology camp which uses planetary cycles to project support and resistance in time, in conjunction (pun intended) with the square of 9 to determine support/resistance in price.

Don’t forget that just as there are a multitude of different technical analysis schools in existence, there are many different schools of how to use of Gann. You’re talking about a host of different approaches he developed over a lifetime, and the myriad of revisionists who each uniquely interpret the remaining library of works which have survived. Some of the works it is widely held were deliberately obscure, so it is not a cohesive body of knowledge you are drawing from.

Also, it is well known that many of his earlier methods were refined, or even discarded. The problem confronting a person who has never studied any Gann at all is knowing which approach to use, and how to put a market approach into practice. Since it is a kind of custom approach you have to develop, there is not I would contend an “authentic” Gann approach, just a tool box of methods which you can integrate.

Having said this, it would be great to have these guys say which school they are using, but think about it this way. If you did spend the time to research and develop an effective approach, would you react well to someone badgering you about it? You’d probably become like a turtle and clam up. Why would you give away any knowledge to someone that is not an ally?

Maybe try asking nicely. If they don’t respond, well that’s that. I asked them nicely which approaches they were using, and I got a similar response, although the square of 9 and some timing mechanism are involved. Other than that, I’m left guessing too. Hence I see little value in continuing to converse directly on this subject if they are unwilling to even identify which style of Gann they are using… or even give us a hint what they are doing.

So I’m with the majority here. Professor Frink’s “Professor days” are about as useful to me as a trader as Bronte’s “Gann” support and resistance calls. At least I ante’d up and identified where I’m coming from, but then the school I draw from is from the opposite end of the spectrum.


Regards


Magdoran

 

[sails]

I agree with swingstar. Having studied many market approaches, I would find it interesting to find out which segment of Gann’s works Bronte/Battman subscribes to.

I suspect that it is the square of 9 that they are using (they have said this before), but there are many different varieties of use depending on which school of Gann you adopt. I suspect that they are in the astrology camp which uses planetary cycles to project support and resistance in time, in conjunction (pun intended) with the square of 9 to determine support/resistance in price.

Don’t forget that just as there are a multitude of different technical analysis schools in existence, there are many different schools of how to use of Gann. You’re talking about a host of different approaches he developed over a lifetime, and the myriad of revisionists who each uniquely interpret the remaining library of works which have survived. Some of the works it is widely held were deliberately obscure, so it is not a cohesive body of knowledge you are drawing from.

Also, it is well known that many of his earlier methods were refined, or even discarded. The problem confronting a person who has never studied any Gann at all is knowing which approach to use, and how to put a market approach into practice. Since it is a kind of custom approach you have to develop, there is not I would contend an “authentic” Gann approach, just a tool box of methods which you can integrate.

Having said this, it would be great to have these guys say which school they are using, but think about it this way. If you did spend the time to research and develop an effective approach, would you react well to someone badgering you about it? You’d probably become like a turtle and clam up. Why would you give away any knowledge to someone that is not an ally?

Maybe try asking nicely. If they don’t respond, well that’s that. I asked them nicely which approaches they were using, and I got a similar response, although the square of 9 and some timing mechanism are involved. Other than that, I’m left guessing too. Hence I see little value in continuing to converse directly on this subject if they are unwilling to even identify which style of Gann they are using… or even give us a hint what they are doing.

So I’m with the majority here. Professor Frink’s “Professor days” are about as useful to me as a trader as Bronte’s “Gann” support and resistance calls. At least I ante’d up and identified where I’m coming from, but then the school I draw from is from the opposite end of the spectrum.


Regards


Magdoran

Hi Mag,

I would also love to know exactly how Bronte and Battman get their daily support and resistance on the SPI! However, agree with you that their reluctance to spell it out could be that they feel it is their Intellectual Property.

Likewise, I was disappointed a few months back when you declined to give more info on your option diagonals, but respectfully accepted your decision and your right to do so. So even asking nicely won't help if it's IP!!

B&B say they have been doing this for quite a number of years now so it's quite possible, as you say, that they may have developed their own tweaks of numerous Gann methods available.

I must say though, that the different view points over this thead are really quite amusing in their extremes - there are those that ridicule Gann methods as hocus pocus or absolute nonsense. OTOH, we have those who want to know exactly how they do it - perhaps (like me) they have seen "proof of the pudding" over time - otherwise they wouldn't be interested in the methods used.

Anyway, agree with your view point which would be in the spirit of ASF, that as much as many of us would like to find out, we can still be respectful to the rights of other posters and their IP

Regards,

Margaret.