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Dear All,
I banked 0 points on ES in total today
I have 1 longs in spoos, 4 shorts in spoos & 2 swing positions in spoos open.
Another absolutely crazy wild volatile swing day. BDIP continues to pull this back down.
The problem is that as fast as it comes down, even faster are the dipsters and the WCB’s, which makes it very frustrating to run shorts.
My usual style is to take positions at set points with the SYSTEMS and daily commentary and then back at supports. I have got greedy last few days and that has resulted in myself performing not so well points wise.
I am going back to my usual successful style of hit and runs but for 7-10-20 point type trades.
SWING SYSTEMS WISE
KTS – Not in play
KTB – KTB still evaded for now but the next signal from the KT stable will be a KTB
BDIP’s – DAY3
DDUD season – DAY 20
$VOLD – Not in play
DAY SYSTEMS WISE …
NOT CURRENTLY BEING POSTED DUE TO TIME CONSTRAINTS
Today it is 9/11 anniversary and it seems clear to me that they are supporting it (the patriots is what I call them). I am also very concerned about next week with it being crooks quad oe. SUre crashes happen at this time of year but my biggest losses have always been around crooks quad oe period.
I am therefore going back to hit and runs as opposed to running for 50-70 point trades util we get next week out of the way.
SOds law is the market will crash and I will miss out on the big trades, but that is fine by me. You never go broke banking a profit!
We now have BDIP DAY3. This BDIP has been great for a -30 and a -13.
Levels wise …
Resistance is the same at 1947, then 1955 ish and then 1963/5 ish.
Support is at 1929/31 area and then hopefully below that it can fall
Good luck.
K
Plan your trade, trade your plan!
Oh dear, oh dear, oh dear.
It is crooks quad oe next week.
Thats all we need
Plan your trade, trade your plan!
Interesting…
lol Dan, are you sure you do not want to change your ES price forecast based on that for today.
Plan your trade, trade your plan!
Just when I really do not need the hassle or stress of changing all my charts to take into account the contract rollover, we have the E Mini contracts for Septembers all changed in price.
I will adjust for that next week.
My humble request to you all. Please be very, very careful into next week. With crooks quad OE anything can happen and that anything can be a mad rally.
Plan your trade, trade your plan!
I have to be out this morning so will see you all later.
I will catch up with tomorrows thread when I get back.
For now . Today …
BDIP DAY3
NO KTB STILL but due anytime
MS is a donkey on the edge.
More once I get todays thread done and I will move all these posts into there then
Plan your trade, trade your plan!
Postponed plan to go out. The market looks tradeable.
Plan your trade, trade your plan!
Closed yesterdays ES short from 1944.50 at 1933 for 11.50 points.
Closed yesterdays CAC from 4633 at 4676 for 57 points.
Sure now that I have started taking points again, it will run, but really not bothered. This is my recipe to success and it works. I will not be held to ransom by the crooks
Plan your trade, trade your plan!
Closed the massive in profit one from 1971.25 at 1934 for 37.25 points profit.
I am so tempted to take the hit on the three remaining ones from 1926, 1938 and 1925.50.
Plan your trade, trade your plan!
lol SCS in play (Sacrificial Close System)
Plan your trade, trade your plan!
Closed 1938 short at 1928 for 10 points profit
Plan your trade, trade your plan!
K, are you seeing some kind of low here due to SYSTEMS and Quad OE next week?
You seem to be closing a few shorts here for that reason.
You need to read back Anis as I have repeated them in POST1 also.
“You never go broke taking a profit”
I have seen this YOYO take me from big running profits to losses this last week.
My style is to bank profits and enjoy life.
I am trying to run for a “Big one” but sadly these events are rare so I want to go back to my style of banking at key supports.
Yes this 1928/30 area is support from the levels above and with crooks quad oe randomiser and 09/11 patriot day, I want to bank.
Sure it may fall, if it does, I will make money on new trades.
Does that help and make sense?
Plan your trade, trade your plan!
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