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SYSTEMS FOR FRIDAY 24TH JULY 2015
Hi all,
Recap ….
Intraday wise …. I banked 0 points in Spoos today.
I have 5 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 10/07/2015.
It is now negated after DAY3.KTS
We have a KTS triggered at close on 15/07/2015.
TODAY IS DAY7.SYSTEM BDIP
We have a BDIP triggered at close on 13/07/2015.
It is now negated after DAY4.DAY1… We got a low of -4.00.
DAY2… We got a low of -6.75.
DAY3… We got a low of -1.75.
DAY4… We got a low of -4.25.DDUD
We have a DDUD Season triggered at close on 01/07/2015.
It is now negated after DAY7.SYSTEMS TRIGGERED
SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY
CLUE … IF THERE IS LITTLE DOWNSIDE OR UPSIDE (IE SMALL NEGATIVE OR POSITIVE PRINT, THEN ITS SU/SD RESPECTIVELY)SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. 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, -7SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSPX18A
Spoos closed at 2098.50 (basis Sep)
K+3 = 2101.50
K-3 = 2095.50
Conclusion
We have 1 KHC+3 SYSTEM in play.
We have a KTS DAY7 in play.
Plan your trade, trade your plan!
I really am unsure about today.
On one hand now that we have done a 30 point retrace and printed 2098 SPX, it can bounce.
However the CIT level for back up is now at 2107 ES, which is quite a bit above here, so it allows for more up, but it can still be in a down trend.
They really loved Amazon results but that really is an isolated story that just applies to AMZN.
Systems wise the KTS is now on DAY7, so its really done its main part.
We are in NML and back to crooksday with WNER on Monday.
Nothing new to do for me here
Plan your trade, trade your plan!
Someone drove in to our stationery van and somehow says it is not their fault. Bloody crooks…. Got all that nonsense to sort out…hate it…. Grrrrr.
anyway, have kept Spoos shorts on for now.
I fully realise one off nonsense is possible etc with qe grinds, but the stats for the internals of the market are very bad from what I can see…. Like worst for 50 years. Of course the central planners can make it worse still but a lot of downside risk here in traditional methods of valuation/measurement etc at any rate lol lol lol
Sorry Nigel I had to be elsewhere today.
Its good to be back. I have 4 shorts in profit here and running.
This is very bearish now with the spike in TRIN, VIX, VXN and bearish tick < -1000 spikes.
Plan your trade, trade your plan!
Now that is tempting.
Closed 2106 short at 2076 for 30 points profit.
Plan your trade, trade your plan!
2063 ish is the next target idea really
Plan your trade, trade your plan!
2063 ish is the next target idea really
Which is my next short – lol.
I know Q, total nuts how it went mad up and now collapsing too.
It just goes to show the importance of having a plan and trading that plan.
It would have been no good if we spooked out at the highs.
My plan was for a -30 from highs. We bounce there miraculously on AMZN results and now tanked through.
The best news for Bears is a down Friday in the bear usually meant a down Monday.
What newsflow will the weekend bring for a down Monday?
Plan your trade, trade your plan!
For now its all over to crookshour today, which just started!
2075 is the SD level now.
Plan your trade, trade your plan!
lol Dan, definitely beats a bad evening.
Nice bounce on Silver / Gold. Top me it looks like that wave 3/5 has ended for now. Hopefully a nice bounce now, even if further lows ahead later.
Plan your trade, trade your plan!
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