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SYSTEMS FOR FRIDAY 29TH JANUARY 2016
Hi all,
Recap ….
Intraday wise …. I banked 18.75 points in Spoos today.
I have 2 Longs in Oil & 2 swing positions in spoos open.
Onto today …
KP
None in play.KTB
We have a KTB triggered at close on 11/01/2016.
It is now negated after DAY3.KTS
We have a KTS triggered at close on 28/01/2015.
TODAY IS DAY1.SYSTEM BDIP
We have a BDIP triggered at close on 26/01/2016.
TODAY IS DAY3.DAY1… We got a low of -31.50.
DAY2… We got a low of -9.25.
DAY3…
DAY4…DDUD
We have a DDUD triggered at close on 08/01/2016.
It is now negated after DAY14.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.ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSOSYSTEM ESD
GOOD CHANCE OF -3, -5, PAST -5 GOOD CHANCE OF -7/-10 ETCESH2 (KHC+3)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS.ESL3 (KHC-5)
SHOULD GET A GOOD NEGATIVE PRINT . DOES NOT ALWAYS CLOSE AT LOWS.SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5SYSTEM SPXD
MORE DOWNSIDE THAN UPSIDE, NEGATIVE BIAS DAYSYSTEM 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 1881 (basis Mar)
K+3 = 1884
K-3 = 1878
Conclusion
We have 3 KHC+3, 1 KHC+5, 1 KHC-4, & 1 KHC-5 SYSTEMS in play.
We have a KTS DAY1 & BDIP DAY3 in play.
Plan your trade, trade your plan!
I’ve been away for a couple of days grafting…..
Look at those daily charts for Twitter, Amazon and Apple – UGLY!!
Hope we pop first Friday
Either way – can we have some levels Kman, looks like it’s been scalped to death by you mustards while I’ve been away
Short 1878.38 in case it drops first. Added 2 since but so be it. Should see reasonable negative tomorrow, and if it has a big pop, I will add.
Either way – can we have some levels Kman, looks like it’s been scalped to death by you mustards while I’ve been away
levels:
if it breaks 1803 then 1650 within 24 hrs. Hows that!?
Either way – can we have some levels Kman, looks like it’s been scalped to death by you mustards while I’ve been away
levels: if it breaks 1803 then 1650 within 24 hrs. Hows that!?
Perfect
<p style=”padding-left: 30px;”>Excellent interview w Rob Kirby on tf metals website. You need to be a vault subsriber to access it. Only $9.99 a month. That interview alone is worth it.</p>
This chap is 55 and a derivatives and bonds expert. He thinks there will be a day you can not buy gold with paper currency in his lifetime. He wouldn’t touch bitcoin with a bargepole as he reckons the US military invented it and have an internet kill switch etc. He is likely correct. Well I know the switch exists as I know one of the top guys at msft.I agree with him re the gold issue and I reckon it could be soon. It is obviously in tight supply since comex is now over 500:1 on paper contracts:registered gold for delivery. Sure it has got out of whack before but not to this degree.
He says the day the west don’t have enough metal to satisfy eastern demand is when it ends. It will either be war or an admission and fireworks. No other way. His words.
I am so concerned I will be withdrawing alot of cash out of sbet account tomorrow and out of the bank when it lands. I will store it myself. I do not trust these banking mustards an inch. Please please consider this yourselves. If those mustards close the banks and devalue, as I think they will, all your kpad profits could lose 50%, 80% of their value in an instant. Ok sometimes we do that ourselves lol, but don’t let the government crooks steal it. Imagine it. I’d be fuming. Get it in your possession or better still turn it into silver or gold while silver and gold is still available to purchase. When all the trillions of fiat currency panics and tries to go into the tiny precious metals space you won’t be able to buy….and the price will have gone to five figures in $ terms. Silver will be gold on steroids as another prominent precious metals expert has said.
ok sales pitch done…. Good night 🙂
lol Dan, I see you are living up to the mustard bear name in full glory
I should really short this area for crookshour but for some very strange reason I am more comfortable longing still.
Very interesting crookshour today. I am thinking 1915 to hit today / tomorrow.
I never knew BoJ would cut rates, but whatever their game, I saw it in the charts.
Now the question is 1915 first or this cut has killed my idea and this is the scary spike to get shorters all out before they take it down again.
Maybe stick to Friday up and then WNER idea. Thats the tough bit. Steam in today?
Plan your trade, trade your plan!
Gold and Silver now retracing
Short 1901 as a steam in but not that happy really. I still feel I should wait for 1915.
I have been only longing for 2 weeks now and felt much happier than shorting
Plan your trade, trade your plan!
Bank of Japan is a desperation measure…. What next? -5%, -10%. These guys are on fumes.
Anyway I reckon the news is sold off again or some other news knocks it lower. Lets see.
US Event Calendar
8:30am: Employment Cost Index, 4Q, est. 0.6% (prior 0.6%)
8:30am: Advance Goods Trade Balance, Dec., est. -$60b (prior -$60.5b)
8:30am: GDP Annualized q/q 4Q A, est. 0.8% (prior 2%)
Personal Consumption, 4Q A, est. 1.8% (prior 3%)
GDP Price Index, 4Q A, est. 0.8% (prior 1.3%)
Core PCE q/q, 4Q A, est. 1.2% (prior 1.4%)
9:00am: ISM Milwaukee, Jan., est. 50 (prior 48.53)
9:45am: Chicago Purchasing Manager, Jan., est. 45.3 (prior 42.9)
10:00am: U. of Mich. Sentiment, Jan. F, est. 93 (prior 93.3)
Current Conditions, Jan. F (prior 105.1)
Expectations, Jan. F (prior 85.7)
1 Yr Inflation, Jan. F (prior 2.4%)
5-10 Yr Inflation, Jan. F (prior 2.7%)My brother’s ftse guy has a ‘medium term’ (few days/week) move to 5900 on cards.
They say he hasn’t got a medium term call wrong ….
Given jp morgan put gdp at 0.1 earlier in week then this gdp figure in ten minutes could be lower than expectations (see table above)
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