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SYSTEMS FOR FRIDAY 1ST NOVEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 7.75 points in spoos today.
I have 1 short in Ftse & 18 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 24/10/2013.
IT IS NOW NEGATED AFTER DAY4.KTS
We have a KTS triggered at close on 31/10/2013.
TODAY IS DAY1.SYSTEM BDIP
None in play.DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1751 (basis Dec)
K+3 = 1754
K -3 = 1748
Conclusion
We have 1 KHC+3 SYSTEMS in play.
We have a KTS DAY1 in play.
Plan your trade, trade your plan!
Recap
Well yesterday was great.
My plan was to short basis 1660/1/2 resistance.
I did do it and spooked for a small profit.
I then missed it but steamed in lower.
Then I made 7 points on that as I went out but left limits in.
The plan went perfect as per commentary.
So where now?
Plan your trade, trade your plan!
Roadmap Notes
SPX needs to break 1755 down to gain momentum to the downside.
If so it can print a 173x.x print next.
As things stand charts are still in an uptrend even though KT thread has the heads up for selling the rallies.
KTS has triggered short which is good for a -5/-7 print on DAY1.
For now its more of the same, should go down, probably will go down, but QE mustard dipsters will keep trying for up
Plan your trade, trade your plan!
The Levels
Resistance is at 1757 and then 1760/3 area. Above that it continues up.
Support is at 1749/51. Bleo that it continues to fall and MS target is the minimum target
Good luck
Plan your trade, trade your plan!
Conclusion
Good to see a KTS trigger towards now completing the JIGSAW for a bear.
Hard to say whether it is ready to fall yet but the signs are all coming together.
For now as long as resistance holds, I am happy to short the rallies and run the shorts for more than 7 points.
As the KT thread said we are printing intraday DDDD’s again and that is really helping banking points like yesterday when I put limits in basis the DDDD.
The caveat is its crooksday tomorrow and then WNER Monday.
Personally I am happy to short for tomorrow as if it is a start of a bear, crooksday can be down.
I will see where we are in the morning and if I miss it, so be it as I am swing short already and have recent DAY TRADES in play basis the MS target.
Plan your trade, trade your plan!
Shukhran JAzeiran 😛
Caotain Working fine now
Happy Diwalii & Dhanetras one and all
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Sorry guys, no idea why it was corrupted. Glad it is sorted now.
Short 1755 for hopefully a quick gap fill now a +3 has printed.
Plan your trade, trade your plan!
Now at 1757 resistance from THE LEVELS but I am in early at 1755.
Above this resistance is at 1759, and then 1761 and above that its on fire again.
Looks like I fell for the crooksday catch out yet again
Plan your trade, trade your plan!
Sorry Edj, it was so unclear when I looked at it and then forgot to post.
It was a borderline, borderline, so no idea really sadly. It is rare that happens but on a crooksday, it makes it impossible really to base anything on that.
Plan your trade, trade your plan!
Sorry Edj, it was so unclear when I looked at it and then forgot to post. It was a borderline, borderline, so no idea really sadly. It is rare that happens but on a crooksday, it makes it impossible really to base anything on that.
Had I waited for 1757 or 1761 it would have been great. Went in too early as a pre empt prior to open.
High was 1761.25.
Plan your trade, trade your plan!
So far so good and yet another DDDD today.
This is traders delight again.
Running 1755 short still as this is not a typical crooksday of recent times and hence I am hoping of a fall later.
Shame I did not add at 1761 as per plan
Plan your trade, trade your plan!
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