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SYSTEMS FOR MONDAY 3RD FEBRUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked +12 points in Spoos today.
I have 1 short in Ftse, 1 Long in spoos, 14 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 28/01/2014.
TODAY IS DAY4.KTS
We have a KTS5 triggered at close on 02/01/2014.
It is now negated after DAY8.SYSTEM BDIP
We have a BDIP triggered at close on 28/01/2014.
TODAY IS DAY4.DAY1… We got a low of -24.00.
DAY2… We got a low of -3.50.
DAY3… We got a low of -19.75.
DAY4…DDUD
None in play.
SYSTEMS TRIGGERED
ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3ESL1 NEXT DAY
GOOD CHANCE OF A -3ESH3 (KHC+5)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS BUT CAN CLOSE POSITIVEESH10
CHANCE OF +3/+5, IF IT GOES FOR LOWS IT SHOULD NOT CLOSE AT LOWS. HOWEVER COULD BE A VERY BIG RANGE DAY.ESL2
USUALLY GIVES -4/-7SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSYSTEM 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 1777 (basis Mar)
K+3 = 1780
K-3 = 1774
Conclusion
We have 1 KHC+3 & 1 KHC+5 SYSTEMS in play.
We also have a BDIP DAY4 and KTB2 DAY4 in play.
Plan your trade, trade your plan!
Good evening all,
Trust you all had a great weekend
You have to love them. KHC +5 does its job in style. I am always DAY FLAT over the weekend so nothing gained from this sadly.
Lets see where we are in the morning, but this looks a bone fide rally for now.
Resistance is at 1788 for now
Plan your trade, trade your plan!
Wow they are still selling rallies.
Twice overnight it got to circa+5/6 and then back down again.
This was just now was fast and furious
Plan your trade, trade your plan!
and again to a +5 and sold off.
I have no idea what is planned for WNER.
Basis recently weak crooksday has meant weak WNER.
Nearly every SYSTEM mentions a +3 which usually means we see it in RTH also
The key remains 1770 SPX. Below that we can see the 200 DMA on SPX at 1706.
For now it remains medium term bearish with sell the rallies in play.
Plan your trade, trade your plan!
Hi Kman,
with ktb still active and $vold still active I think we have to be wary with shorts as bdip expires today…
I am amazed 200dma is 1706. I thought it would be higher. Will visit it at some point you would think even if it rises a bit before then…. maybe if recent lows get taken, that’s the target but always difficult to short something thats fallen 80pts off its recent high.
I will simply wait for a gfs or MS. Done quite well of late so not in a hurry to over trade and give back.
Dan.
Gap less that -3 so no gfs system in play
Plan your trade, trade your plan!
and again to a +5 and sold off. I have no idea what is planned for WNER. Basis recently weak crooksday has meant weak WNER. Nearly every SYSTEM mentions a +3 which usually means we see it in RTH also The key remains 1770 SPX. Below that we can see the 200 DMA on SPX at 1706. For now it remains medium term bearish with sell the rallies in play.
No retest of the +3. Just a total tank on BDIP DAY4 to make another weak WNER after a weak crooksday.
Shame to miss it but it is what it is
Plan your trade, trade your plan!
Still falling 1755 next support
Plan your trade, trade your plan!
Hi Kman,
wrote this an hour back and got distracted…..
with ktb still active and $vold still active I think we have to be wary with shorts as bdip expires today…
I am amazed 200dma is 1706. I thought it would be higher. Will visit it at some point you would think even if it rises a bit before then…. maybe if recent lows get taken, that’s the target but always difficult to short something thats fallen 80pts off its recent high.
I will simply wait for a gfs or MS. Done quite well of late so not in a hurry to over trade and give back.
Dan.
Long 1758. I should wait until 1755 really.
Limits in for 3 points
Plan your trade, trade your plan!
Hi Kman, wrote this an hour back and got distracted….. with ktb still active and $vold still active I think we have to be wary with shorts as bdip expires today… I am amazed 200dma is 1706. I thought it would be higher. Will visit it at some point you would think even if it rises a bit before then…. maybe if recent lows get taken, that’s the target but always difficult to short something thats fallen 80pts off its recent high. I will simply wait for a gfs or MS. Done quite well of late so not in a hurry to over trade and give back. Dan.
Excellent Dan, sorry missed the post initially.
Its certainly weak as suspected. Lets see what we can do with it shortly once the dust settles
Plan your trade, trade your plan!
-19 lol lol any reason for that or just felt like it? lol
As I said the other day Dan, its sell the rallies. Problem is every bounce scares us into thinking its a QE rally starting and yet it is a great opportunity to sell.
Plan your trade, trade your plan!
Long 1758. I should wait until 1755 really. Limits in for 3 points
Phew limits hit, 3 points banked.
I will long 1755 next, not before
Plan your trade, trade your plan!
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