Hi Boom,Lol, no it is not a particularly tough neighbourhood,...

Hi Boom,

Lol, no it is not a particularly tough neighbourhood, just happens to be populated by a particularly grumpy winkinatcha who is prepared to take a beating to prove a point.

When I first came down to melbourne from the sticks, I lived in Nth Essendon, and hunted in St. Albans and areas such like. Now they were tough (ish) neighbourhoods, where the local pubs were fighting pubs, and on saturday and sunday morning you could often find blood in little pools outside the doors, then i moved to St Kilda, or the edges of it, before it became cleaned up and yuppy-fied. At that stage there was a minimum of a murder a week there, and for a breif period, the local police shot a citizen a week, and not due to malice, but mostly due to slightly over the top responses to aggressive behaviour (eg a young cop being attacked by a tomahawk wielding madwoman resulted in a shot tomahawk wielding madwoman) During my sojourn in that part of town, I saw many a punter knocked out cold outside the more "popular" clubs, have seen a guys finger bitten off and blindings and stabbings and so forth... as general Saturday night "Hi-Jinx" but thas was when the notorious Bojangles night club still existed, and Chopper Read was a regular.

As a result I guess I tend to approach potentially violent situations on my now home turf with fairly strong resolve, and try to do "my bit" to keep my alleyway free of junkies, n hoodies, and people whom I have no right to judge, yet I deem as unsavoury.
Being close to the major connecting railway station between frankston Dandenong Pakenham and Melbourne, i have seen my fair share of such characters in the area, but really it has quieted down heaps in the last couple of years and my few fairer sex visitors are less nervous about reaching my gaff at night, though I do generally prefer to escort them, so I can feel like the big protector, LOL!

regarding the SPI, mate, this is the lead up to options expiry, the volatility and moves now are generally pretty big. I too have fed the bulls a little, but have also run with them and have followed the bears togreater success (basically shortin g everytime RockAndRollClown started suggesting massive upside, LOL! (pure coincidence, but bloody funny nevertheless))

Intraday momentum indicators have been working well particularly on the 1 and 5 minute charts, and the divergence stuff I mention in the first post really hase been sweet for the last two weeks, can't say I've taken advantage of every move, nor traded every move well, but I certainly have had my faith restored, again on the lower time spans, in this methodology.

Trouble is though, I've been chasing this stuff (as you know) for a year or more now, and I sometimes feel the subtleties in Price movement that reinforce the direction of a good trade have somehow become a bit ingrained, and I no longer am truly confidamt that I am able to describe what I do well enough for others to follow.

The daily stuff i regard as a larger time span than I normally trade in and this in itself can create interesting dillemmas, as on smaller time frames, "slippage" of a few point on an entry is acceptable, but equivalent "slippage" in terms of the daily chart could mean 100 points or more, and that is a little painfull to ride.

I shall persevere.

;)