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SYSTEMS FOR FRIDAY 14TH OCTOBER 2016
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 10 shorts in spoos & 2 swing positions in spoos open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 15/09/2016.
It is now negated after DAY18.KTS
We have a KTS5 triggered at close on 09/09/2016.
It is now negated after DAY4.SYSTEM BDIP
We have a BDIP triggered at close on 05/10/2016.
It is now negated after DAY4.DAY1… We got a low of -10.00.
DAY2… We got a low of -18.50.
DAY3… We got a low of +2.00.
DAY4… We got a low of -37.50.We have a Borderline BDIP triggered at close on 28/09/2016.
It is now negated after DAY4.DAY1… We got a low of -25.75.
DAY2… We got a low of -13.00.
DAY3… We got a low of -13.75.
DAY4… We got a low of -17.50.DDUD
NONE IN PLAY.SYSTEMS TRIGGERED
SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAYES13 (KHC+3)
SHOULD GET A +3. CAN ALSO GET A GOOD NEGATIVE PRINT-3, -5, -7ES16A
SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5SYSTEM SPXL1
VERY ERRATIC SYSTEM IN TERMS OF HIGH/LOW/CLOSE. USUALLY IS A DOJI DAY WITHIN +5 / -5. TRADING > +5 USUALLY CLOSES POSITIVE, TRADING < -5 CLOSES NEGATIVE. THAT’S WHEN IT BECOMES A TRENDING SYSTEMSpoos closed at 2126.50 (basis Dec)
K+3 = 2129.50
K-3 = 2123.50
Conclusion
We have 1 KHC+3 & 1 KHC-5 SYSTEMS in play.
Plan your trade, trade your plan!
We have various resistances now above in place.
2145 SPX is the first and then 2153 ish.
WHether thats the holding pattern now until crooksday and WNER is ended, not sure but with yesterdays low of 2107.75 close to my target of 2100 on ES, it becomes very tough as in the past in this crooked bull, its all been about undershoot and zoom.
I think this is different and I still think we can break 2100 ES and go lower, but ofcourse we have to be careful.
For now running my shorts still whilst I am in no mood to sit here and play this intraday.
Plan your trade, trade your plan!
Amazing that we hit 2143 es whilst I was not here and now much lower. What a shame as I would have shorted that so happily.
So far, so good.
Plan your trade, trade your plan!
Excellent end of the day. A KTS has triggered also at close.
Best news for me is that Bonds came down hard. As you will remember that is my biggest position and I continue to run them still.
I expect Bonds to continue to fall and fall alot further.
Cannot wait until Monday. Hopefully no WNER pollux
Plan your trade, trade your plan!
Doing some weekend reading and saw your post.
Khalsa how do you trade bonds with a spread bet? Which instrument and contract end date?
do you have any targets when you say fall a lot further?
Do you play cable ? What do you think about the pound/ dollar if US rates go up later this year?
markets seem very supported and uni directional. I never saw the spx or even ftse rising so much post bexit even with the falling pound.
Doing some weekend reading and saw your post. Khalsa how do you trade bonds with a spread bet? Which instrument and contract end date? do you have any targets when you say fall a lot further? Do you play cable ? What do you think about the pound/ dollar if US rates go up later this year? markets seem very supported and uni directional. I never saw the spx or even ftse rising so much post bexit even with the falling pound.
I trade Bonds via Finspreads myself as it is the4 futures contract with reasonable margin to run as a swing. Currently I am on Dec T Bond 30 year. ABsolutely sub 140 eventually but for now and a long time target has been 160 and then 154.
Yes absolutely you will remember I was short cable into Brexit and did very well. Currently I feel it can go nearer parity so not long yet. Sadly I am no longer short now either.
FTSE benefits from a weak Pound as there are many exporters in the index. However that algo will die soon as markets weaken and I get past 2100 SPX towards 1980 SPX next target.
Plan your trade, trade your plan!
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