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SYSTEMS FOR MONDAY 6TH JANUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse, — shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
None in play.
KTS
We have a KTS5 triggered at close on 02/01/2014.
TODAY IS DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 31/12/2013.
TODAY IS DAY3.DAY1… We got a low of -24.50.
DAY2… We got a low of -6.00.
DAY3…
DAY4…We have a BDIP triggered at close on 27/12/2013.
It is now negated after DAY4.DAY1… We got a low of -3.00.
DAY2… We got a low of -0.75.
DAY3… We got a low of -24.50.
DAY4… We got a low of -6.00.We have a BDIP triggered at close on 26/12/2013.
It is now negated after DAY4.
DAY1… We got a low of -3.25.
DAY2… We got a low of -3.00.
DAY3… We got a low of -0.75.
DAY4… We got a low of -24.50.DDUD
None in play.
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.
SPXC
Spx <-4 should give big down -7/-10. Likewise <+3 high will trade negative and close negative. Conclusion may be short +2 Spx. Rarely closes at highsSYSTEM SPX1A
CAN GET +5 SPX, CLOSE CAN BE ERRATIC. ANY GAP UP OPEN NEED NOT FILL THE SAME DAY, BUT ANY GAP DOWN OPEN SHOULD FILL THE SAME DAY.Spoos closed at 1823.25 (basis Mar)
K+3 = 1826.25
K-3 = 1820.25
Conclusion
We have 1 KHC+3 SYSTEMS in play.
We have a BDIP DAY3 & KTS5 DAY2 in play.
Plan your trade, trade your plan!
Good morning Dan,
KTS5 (in this QE market) can usually be a drop and pop SYSTEM and negate fairly quickly.
For now 1832 is resistance.
After today normal service resumes and we leave this XMAS period behind of shorter posts to the usual post format of POST1-4.
Its all about WNER today.
Plan your trade, trade your plan!
Now looking more like a WNER at +6 now.
High is 1831.75 so far vs 1832 resistance.
Plan your trade, trade your plan!
GFS triggers.
I am just being careful on WNER. Shame though it reacted at 1832
Plan your trade, trade your plan!
Gap filled and now rising.
Long 1824.50 for WNER
Plan your trade, trade your plan!
Now 1824.50 is support and then 1822.
Resistance is at 1830/2
Plan your trade, trade your plan!
I need to keep a stop on the long incase we are in downtrend now.
I have put a stop in
Plan your trade, trade your plan!
Stopped out for a 3 point loss as per plan at 1821.50.
Once it broke 1822 support, that was it.
Plan your trade, trade your plan!
My plan for waiting for WNER Monday to short was totally wrong in hindsight.
I played safe based on past years and it seems to have done the opposite.
As it happens, EOY was a high and January 2nd it started down
So be it. Much better to be safe than sorry.
Will wait for the next trade
Plan your trade, trade your plan!
Payroll comes out fri so maybe down until then and then the usual shenanigans into opex next week
Indeed NFP’s on Friday.
This fall just does not seem real to me. Hence I longed it.
Above 1823 it can rally again. Until then 1823 is resisatance
Plan your trade, trade your plan!
Just studied the charts.
It is so confusing. Once could make the case that we are in a downtrend now, but this could equally just be unwinding the pollux of the XMAS/NEW YEAR RALLY.
Lets see where we close
Plan your trade, trade your plan!
Jan 1st looks like the top of an evening star.
Isn’t quite a gap from the day previous but v close. There is a definite gap down the day after.
Just studied the charts. It is so confusing. Once could make the case that we are in a downtrend now, but this could equally just be unwinding the pollux of the XMAS/NEW YEAR RALLY. Lets see where we close
I see MS magnet pulling it down for now..
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