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Trading The SPI - NON-Gann Techniques

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trembling Hand said:
Thanks. It’s nice to be back. Although I think I have contracted SARS or Bird Flue so I may not be around for long :flush:
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oo-er doesn't sound pleasant - got my antivirus on so hopefully won't catch anything

hope you had a good break - looks like you timed it right to get back into it
 
afternoon prof frink

they are set up on the Medianline in fib trader..they are also a ratio of .382..50..618 within the lines, and out
ac
 
Good morning all,
road map for today
have a great day, and good trades
ac
 

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morning acouch, crazy night last night - not sure I can face today

here are my 'maps' from last night



took profit way too early - never mind. markets are going nuts!

 
hi edwood
your 3month/15 min chart shows it all, it went up like a chimney, and we cant have a one sided chimney, so had to come down to make it whole
have a great day
ac
 
Monday's road map,
as i might not have time on Monday to post it
have a great weekend and take care
ac
 

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good morning all,
today's road map, something to take note of,
tomorrow is 90cd's of the low of august 16th,so would be
looking for a low to come in tomorrow but you have to give it +/- a day
and then a reversal should be on the cards.
but like always we will see what she offers up
have a great day, and good trades
ac
 

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Is it just that I have been out of the market for near on 6 weeks or is our little SPI getting a bit more jumpy. To me it seems to be a bit more movement from Tick to Tick?

Hope it not me losing the plot but I'm sure there is more action than when I left on a second by second level? Anyone noticed or am I going :screwy:
 

Don't worry mate your not losing your mind(or we both are!)

Don't think it has changed drastically since you went away, but it is getting more and more frisky as time goes on.

Surprised we haven't really joined in the selloff today- most of the other markets are going down quite nicely. Wonder if we can hold out for the rest of the session
 
good morning all,
today's road map..
also is a daily chart so you can see the kiss of yesterdays low with the high of 12.07.07 of 6452
have a great day and good trades
ac
 

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

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cheers acouch - out of interest, what's the significant of the little yellow 7150 on your previous chart?

here's what I'm looking at - s/b chart so prices don't match SPI but action is pretty much the same. triangle is about resolved, but given the US sell off into the close wouldn't be surprised to see the gap below filled today

 
hi edwood.
the 7150 is the top of the ML and price will try for that.
action / reaction, as you could also see on that chart how the ML also held price at 6452 and then bounced..it is a amazing tool, and so simple to use..it has around a 80% hit rate, so it is worth the effort to learn it well
have a great day
ac
 
ah ha - thanks for explaining. Great I'll keep an eye on it!

probably a stoopid question but if the median line doesn't hold I guess we're going to the lower level?
 
yes, you would anticipate so..

by the way, the chart you posted looks like a inverted one sided chimney
ac
 
lol - your chimney's worked again acouch! maybe a downward one should be called a mine shaft...

was reading on t'internet earlier about some poor souls in China whose elevator dropped 100m - not a nice way to go...
 
yes edwood, having trouble getting over this 39/42 mark lots of resistance here, but once over look for upper targets..i think she will try for the 76 eod..but we will see, we are but human's

yes..i cant stand small spaces, and as you say those poior chinese souls, there equipment also would be not be state of the ark either :-(
ac
 
today's road map
have a great day, and good traddes
ac
 

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Hi folks,

I am still dabbling with this SPI business, just like everything it is always harder than it looks

I noticed that some use pivot points and S1 etc, like in Forex, could someone tell me should I be calculating pivot points using a 24 hour chart of the SPI or just the live market in OZ from the day before.

If it is the 24 hour chart does the day start at 9.50am and end at 8.00am ?

Also Acouch, when calculating your lines do you use the 24 hour chart ?

If some of the experienced people could answer I and others shall learn something

thanks in advance

Macca
 
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