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Trading The SPI - NON-Gann Techniques

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Bronte said:
Short term traders.
Selling into 'Gaps'.
Click to expand...

Interestingly this AM in the September 2007 contract"
We had a 48 point true range, 10,163 volume.
All in a very short 30 mins of trade

I can remember not so long ago we struggled to get:
True range days of 32 points and in excess of
10,000 volume in a full trading day.
 

Why wouldn't you just trade the new contract. Why trade something that is only trading for 30 minutes. When your trade idea could of been right but needed a couple more minutes to pan out. Exactly same movement in each contract but there is no time limit on the new one.

Seems like a you are unnesasary restricting you trade?
 
Hi trembling Hand,that is very true.
The gap still has not closed on the December contract.
We usually change with volume.
Sept High yesterday 6398
Dec Low 6412

Also we were up a little late this morning and
hadn't changed over our platforms. lol
07.50 AM start Perth remember :sleeping:
 
Bronte said:
One month away from the 20 year October 1987 anniversary.
Certainly very interesting times
Dow up again overnight +76.2
Another gap open expected.
Todays pivot point is a low 6369
S1 6339
R1 6417
R2 6446
R3 6525
Click to expand...
We had also worked out all our pivot points on the Sept contract.
 
As the SPI Sept'07 officially expired at 12.00 noon yesterday we will now rolll over & work out the SPI Dec'07 Pivot points:
 
R2 6522
R1 6488
PP 6450
S1 6416
S2 6378
S3 6306
Good trading
 
Bronte said:
work out the SPI Dec'07 Pivot points:
Click to expand...

Hi Bronte.

I know you hand draw you own charts : so do you calculate your own pivots as well...???? or is that a function of your charts...??? either way they differ from mine...????

Which should I be using...???? And can you explain why...???
(H+L+C)/3 (Currently using)
(H+L+C+today 0)/4 (Is today 0 the pivot point)
(H+L+today 0)/3

Also have you ever see the market hit the S3, S4 or R3 R4 pivots which I don't have setup...but wondered if I should...????

Thanks
SevenFX
 
Good morning SevenFX,
Yes we have hand drawn very large SPI chart for twelve years now :
I will answer your questions later.....Good luck
The 6450 PP area is looking very interesting.
 
Try this link out SevenFX:
http://www.mypivots.com/Education/tools/pivot-calculator/
 
Spi chart, Dec contract..

good trades
and have a great day
ac
 

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today's chart..
something to note...monday is the 1st oct..45cd's from the low of 5535..

have a great day, and good trades
ac
 

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ta acouch - I sort of see the significance with 89 being a fib number so 50% of that might have some relevance but whats the significance of 90? (if you don't mind me asking)
 
Gann Wheel..

45/90/180/360..
i think i have a wheel here somewhere. if i can find it i will see if i can post it here for you, i use to have it on my desk top, but new computer, somethings got a little lost
ac
 
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