MON 07/09/15 & TUES 08/09/15 SYSTEMS and INTRADAY LABOUR DAY

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  • #16838
    Khalsa
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      I banked 10 points on ES in total today

      I have 2 longs in spoos, 4 shorts in spoos & 2 swing positions in spoos open.

      Wel left this market at 1947 (my critical level ) on Thursday close and for Friday it was about that level. We stayed below on the whole, tanked to 1928 in the middle of the night then bounced back to 1946 before falling to 1908.

      So for me had I been here, that 194x area retest would have been a total gem.

      NFP’s were just silly, ie a really bad number, but rates will go up anyway, so what was teh point in trying to rally on those?

      China is goign to reopen after being closed. That should be a catalyst of sorts.

      SYSTEMS WISE

      KTS – Not in play

      KTB – KTB will be due next.

      BDIP’s – Not in Play

      DDUD season – DAY 16

      $VOLD – Not in play

      No $VOLD really is amazing given the fall. So that has to be good for bears.

      The KTB has gone further out also, so its not due tomorrow imo.

      I think its all about crooksday buys and if it does, we are ready to fall the rest of the week.

      If we can fall tomorrow and retest Friday lows / 1900 ES, then we may start to rally on Tuesday.

      DAY SYSTEMS WISE …We have SYSTEM 69. That is a very volatile SYSTEM with a good chance of a DDUD high and a DDDD low (magnified). Ie. +20/+30 and a -20/-30

      Whatever the case SYSTEM 69 usually always produces a lower low, which means we should print < 1908 tomorrow.

      Lastly remember CASH MARKETS are closed due to Labor Day in the US. Atleast I think they are?

      Let’ see.

      Good luck.

      K

      Plan your trade, trade your plan!

      #16840
      Khalsa
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        Oh well off to the races. I really, really hope missing Friday late evening low of 1908 does not cost me.

        Plan your trade, trade your plan!

        #16841
        Khalsa
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          30 points up from Fridays low now  😥

          That is all that annoys me nowadays. You can be right most of the time but if you are not here, or have to go out, or literally go and eat, and miss that opportunity to close a position, then it can cost you.

          For now it is only reduced profits on shorts (and some gone into a loss now form a profit).

          Lets see

          Plan your trade, trade your plan!

          #16842
          Khalsa
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            I want to short but its in that mode at the moment of grind down a few and then WCB straight back up.

            Plan your trade, trade your plan!

            #16843
            Qman
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              Yes cash markets in U.S. closed Monday. In ignore mode but off highs. China -2.5%…again. But the PBOC told G20 the correction was over, so there.

               

              #16845
              Khalsa
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                What a joke of a days trading. Just as well I decided to not be here.

                lol you can so clearly see the computers have been switched off.

                It has spent the day support at 1930.

                Thats the LIS for tomorrow and if it fails todays gap at 1921.75 is a fill!

                Plan your trade, trade your plan!

                #16846
                Khalsa
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                  lol looks like someone switched the super compuuters on.

                  We got a +22.30 out of the DDUD but no double digit DDDD. Shame CASH markets were shut that have messed it all up.

                  Anyway plan B was that if today was up, then tomorrow can be down.

                  SO either way hopefully we enjoy downside from here soon

                   

                  Plan your trade, trade your plan!

                  #16847
                  Khalsa
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                    I am pretty confident todays gap fills tomorrow.

                    I also hope that due to the holidays SYSTEM 69 got skewed so tomorrow we see a DDUD -10/-20/-30 type thing.

                    Either way a new low below Fridays low should come in below 1908 on ES

                    Plan your trade, trade your plan!

                    #16848
                    MAURITIUS
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                      I am pretty confident todays gap fills tomorrow. I also hope that due to the holidays SYSTEM 69 got skewed so tomorrow we see a DDUD -10/-20/-30 type thing. Either way a new low below Fridays low should come in below 1908 on ES

                      only -30

                      be more than that mate 🙂

                      #16849
                      Khalsa
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                        The Chinese crookshour changed it all

                        The Shanghai Composite Index advanced 1.9 percent to 3,138.75 at 2:29 p.m. local time, reversing an earlier 2.3 percent decline. Late-day rallies have become a hallmark of state-backed funds intervening to stabilize the equity market. China Citic Bank Corp. jumped 7.9 percent to lead gains by lenders, while a gauge of technology shares rose 3.1 percent.

                        Plan your trade, trade your plan!

                        #16850
                        Khalsa
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                          So for now I continue to be highly irritated by the fact that the low came in on Friday evening when I was not here

                          1945.75 is an open gap so maybe thats what it wants to fill (it will need to in RTH also not globex)

                          Plan your trade, trade your plan!

                          #16851
                          Khalsa
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                            1955 hits! You gotta luv’em

                            I am going to pop out for the morning as I will only end up getting irritated.

                            See you all around open

                            Plan your trade, trade your plan!

                            #16852
                            MAURITIUS
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                              Aha man up 21 on top of yesterday’s 10.

                              Daily chart now looking like a Jermaine Pennant at lows of the big leg down…..

                               

                              #16856
                              Khalsa
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                                So JP Mustards upgraded the chipmakers and cue rally.

                                Same old pattern of grind down slowly followed by WCB’s

                                Right lets do some study

                                Plan your trade, trade your plan!

                                #16857
                                Khalsa
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                                  Full circle, now 1947 is the main support again along.

                                  1941 is the ongoing CIT, Ie above that its bullish.

                                  A KTB cannot trigger at close tonight, but can trigger at tomorrows close unless this mustard reverses back down tomorrow

                                   

                                  Plan your trade, trade your plan!

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