Trading The SPI - NON-Gann Techniques

• 29 July 2008

• #2,221

acouch

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afternoon nat..

time frames are similar to frank's, i have had this software since
1999, and i can tell you it isn't a easy software to handle..
frank was a front runner on this ,that is for sure, and deserves the
credit for bringing it to the front..

re volume charts, the spi works very well on a 50 volume chart,
also a 10 tic chart,for scalping.. if you have them on your software,to use.
hope this is of some help
ac

 

• 30 July 2008

• #2,222

acouch

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good morning all,
today's road map
have a great day. and good trades
ac

 

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• 30 July 2008

• #2,223

R

rossw

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acouch said:

re volume charts, the spi works very well on a 50 volume chart,
also a 10 tic chart,for scalping.. if you have them on your software,to use.
hope this is of some help
ac

Click to expand...

'xcuse my ignorance, but what is a 50 volume chart?
I'm guessing it makes a new bar for every 50 contracts traded (and so filters out time)?

 

• 30 July 2008

• #2,224

Euler

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Watch trading levels @

*4991
4972
**4952
4914
***4875
4856
**4836
4798
*4759

for today.

 

• 30 July 2008

• #2,225

acouch

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rossw said:

'xcuse my ignorance, but what is a 50 volume chart?
I'm guessing it makes a new bar for every 50 contracts traded (and so filters out time)?

Click to expand...

yes,and works very well on the spi, i am not at home atm, but will put one up later in the day, when i am home
ac

 

• 30 July 2008

• #2,226

R

rossw

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thanks

 

• 30 July 2008

• #2,227

acouch

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here are two 50 Volume charts, with different software.

have a great evening
ac

 

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• 50v.png

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• 50v1.png

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• 31 July 2008

• #2,228

N

nat

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thanx ac.Nathan

 

• 31 July 2008

• #2,229

acouch

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good morning all,

today's road map.
have a great day, and good trades
ac

 

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• spiml460.png

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• 31 July 2008

• #2,230

R

rossw

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thanks for the chart ac
seems like a good idea in some ways.. it just shows up price movements and not worrying about how long they take

do the charts get affected by crossings?

 

• 31 July 2008

• #2,231

glenn_r

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Greetings All

I'm moving away from using the ASX300 stocks as a shooting gallery and concentrating now on 1 or 3, whilst also looking to trade the SPI and ES.

I have been following the posts here for awhile and appreciate the different methods discussed on trading the SPI, my current flavour of the month is a simple Donchian channel with divergence which works well when it trends a little.

Todays SPI 3min chart had a few good divergence trades IMHO.

 

• 1 August 2008

• #2,232

acouch

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good morning all
today's road map
have a good day and great trades..
ac

will update the eod chart which be the 8th chart in the series of this bear..for those interested at the weekend, to keep you in the loop
ac

 

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• spiml461.png

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• 1 August 2008

• #2,233

Euler

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Watch trading levels @

*5049
5021
**4992
4976
***4959
4931
**4902
4886
*4869

for today.

 

• 2 August 2008

• #2,234

acouch

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good morning all,
Monday's road map
have a great weekend,and take care
ac

 

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• 2 August 2008

• #2,235

acouch

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Good morning,

this is the 8th chart in the series of the eod chart.
as you can see marked, that the 4734 was tested on sycom on
the 15th July at 4735..
i have also added a new no to be aware of..3936...as the year moves along,
we will see if it comes into fruition..but it is strong resistance as was the 4735
on sycom..and as it will be on the daily..
have a great day
ac

 

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• spixxxxxx.png

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• 4 August 2008

• #2,236

Euler

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Watch trading levels @

*4983
4954
**4942
4906
***4887
4858
**4902
4828
*4810

for today.

 

• 4 August 2008

• #2,237

Euler

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Euler said:

Watch trading levels @

*4983
4954
**4942 <======== !!!!!!!!
4906
***4887
4858
**4902
4828
*4810

for today.

Click to expand...

apologies all .... **4942, should read ... **4924

 

• 5 August 2008

• #2,238

acouch

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good morning all
today's road map
have a great day, and good trades
ac

 

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• spiml463.png

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• 5 August 2008

• #2,239

Euler

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Watch trading levels @

*4960
4925
**4889
4868
***4846
4811
**4775
4754
*4732

for today.

 

• 5 August 2008

• #2,240

korrupt_1

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Crez said:

HI guys, first post but I been reading the thread for a while now - great reading for a semi novice like myself. I have to throw one out to you guys to see if someone can help one of my friends with an exit plan. He has beeen in a pickle with some CFD aussie 200 contracts for a couple of months and trying to manage them has proven very difficult. I can't think of an exit without taking a helathy loss, so maybe you guys can. Here's the situation :
CFD $25 contracts
LONG -5849
LONG- 5272
SHORT X2 - 4860

The 4860 contract was cover as he was going to fall into margin. The 5849 long he was happy to hold onto thinking the 200 was only going to fall to 5300 or so. Capital spare is around $3000. I can't think of an exit without him taking a possible 15k loss. Can anyone put any further light on an exit strategy? I realise there are some "cluey" guys on the site like Euler, TH, AC etc, any thoughts would be much appreciated.

Cheers

Crez

Click to expand...

hi Crez,.. if you are reading this...

What did you end up doing? You were thinking of closing out the shorts... ... your speculation that the SPI will go higher hasn't come to fruition... infact it's looking like it's about to make new lows soon!