Trading The SPI - NON-Gann Techniques

• 10 October 2008

• #2,341

MRC & Co

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Yeh, unfortunately, I missed half the day.

Volume has been out of control.

What the hell is going on? You reckon this is large instos actually trying to trade with those lots, or that much panic you have THAT many instos dumping (either long or short) at market out of global macro positions?

Weird, either way, a lot of people HAVE to be loosing a packet of $$$. Idiots.

 

• 10 October 2008

• #2,342

Trembling Hand

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skyQuake said:

Did you catch postmarket? Paradise indeed

Click to expand...

Yeah the trouble was I was thinking it was coming sooner than it did. Lost a bit trying to get in too soon. I had to keep spewing up my position.

But the run in the end well and truly made up for it

MRC & Co said:

Volume has been out of control.

What the hell is going on? You reckon this is large instos actually trying to trade with those lots, or that much panic you have THAT many instos dumping (either long or short) at market out of global macro positions?

Weird, either way, a lot of people HAVE to be loosing a packet of $$$. Idiots.

Click to expand...

Well the extra volatility always brings more volume on the futs but I reckon its that god dam stupid short ban. Where else they going to go? And they have to sell twice as much $ value to hedge the reduced beta of picking an individual stock. then the longs have to try and take up the extra volume. F'en mess that short ban. Have a look at the jump in OI since the ban.

Though if they want to make the best scalping conditions I have ever seen why complain??

 

• 10 October 2008

• #2,343

Bronte

Trading The SPI for 20+ years

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Bronte said:

Big Number Triple Bottom Low (3999 / 3996 / 3999)

Click to expand...

Todays 2min SPI chart:

 

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• 10 October 2008

• #2,344

skyQuake

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That first test at 4000 was awesome. Any more that the warrant marketmakers pushed that level

 

• 13 October 2008

• #2,345

acouch

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

 

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• 13 October 2008

• #2,346

Freddo

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Hello been flat out and haven't logged on since May !

Still loving the gaps and I am getting to the stage if there isn't one I'm taking the day off.

Picked up vols 1 and 2 of the Definitive Guide to Futures Trading by Larry Williams yesterday for $9.90 I figure even I don't get anything from them I'll be able to get over double that for them on eBay LOL

Catchya

 

• 13 October 2008

• #2,347

Bronte

Trading The SPI for 20+ years

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"Welcome back Freddo",
Absolute bargain buy

 

• 13 October 2008

• #2,348

Freddo

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Bronte said:

"Welcome back Freddo",
Absolute bargain buy

Click to expand...

Hi Bronte,
I thought it was!, the original owner paid $97.00 per book from SFE (the receipt was inside one of the books).

Copy of How To Make Profits In Commodities was there as well for $8.00
so I'm going to buy it today and give it to one of my kids to sell because I already have a copy.

Have been sitting here watching a two minute chart trying to figure out
if I could spot anything.

Nice breakout session mid morning and a couple of what I would call swing trades. Don't know if the trades would have been worth while I just looked at entries once the lows were broken haven't worked out STOPs just tinkering really.

Regards
Freddo

 

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• 13 October 2008

• #2,349

Bronte

Trading The SPI for 20+ years

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Freddo said:

Hi Bronte,
I thought it was!, the original owner paid $97.00 per book from SFE (the receipt was inside one of the books).
Copy of How To Make Profits In Commodities was there as well for $8.00

Click to expand...

I paid $94.95 many moons ago for my copy Freddo
You would easily make a profit on Ebay
Larry Williams books are also pricey.
Well worth the read tho. IMHO

 

• 14 October 2008

• #2,350

acouch

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good morning
eod chart to keep you in the loop
enjoy your day
ac

 

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• 14 October 2008

• #2,351

acouch

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

 

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• 15 October 2008

• #2,352

acouch

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

 

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• 16 October 2008

• #2,353

acouch

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good morning
todays road map
have a great day and good trades.
ac

 

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• 16 October 2008

• #2,354

acouch

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well, thought i had better post the eod chart again
to keep you in the loop..
as you can see she couldn't get over the round no of 4500..
if she cant hold the 3936..thing will be grim
and she will be heading for 2956..
have a great day..and take care
ac

 

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• 17 October 2008

• #2,355

acouch

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

 

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• 17 October 2008

• #2,356

Trembling Hand

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Bloody hell!!!!!!

Is this the worlds thinnest order book today!!

 

• 17 October 2008

• #2,357

B

Broadway

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Yea, the spread is getting to 5 ticks at times.

What I didnt see coming was the 200 point gap close to yesterday avo's close.

Copper and oil went up last night, and the US went ok. BHP and RIO opened up somewhat but was all down hill from there.

Unless there is some new news about them, or possibly being dumped by funds?:dunno:

 

• 17 October 2008

• #2,358

MRC & Co

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Yeh, more of a position trading day today. Last little bit has been fukced, trading range with a stack of false breaks. Staying out for now. Lot of guys fukcing around squeezing.

Yeh, RIO and BHP must be getting dumped by big funds.

 

• 19 October 2008

• #2,359

acouch

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god morning all
Monday's road map
have a great day
ac

 

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• 21 October 2008

• #2,360

acouch

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

 

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