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SYSTEMS FOR MONDAY 7TH OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 4 points in spoos today.
I have 1 short in Ftse & 14 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 01/10/2013.
IT IS NOW NEGATED AFTER DAY1.KTS
We have a KTS5 triggered at close on 03/10/2013.
It is now negated after DAY1.SYSTEM BDIP
We have a BDIP triggered at close on 02/10/2013.
TODAY IS DAY3.DAY1… We got a low of -20.25.
DAY2… We got a low of -2.25.
DAY3…
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.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.ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSOESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAY
SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAYES16
SHOULD GET A +3 AND A -3 BOTHSYSTEM 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 SYSTEMSYSTEMSPX3
SHOULD GET -3/-5. IF SPX TRADES < +3 HIGH THEN CHANCE OF TRENDING DOWNSPX7B
Spoos closed at 1682 (basis Dec)
K+3 = 1685
K -3 = 1679
Conclusion
We have 2 KHC+3 & 1 KHC+5 SYSTEMS in play.
We also have a BDIP DAY3 in play.
Plan your trade, trade your plan!
Good evening all,
From Friday ….
One trade too many? Especially on a crooksday? Lets see. Strictly I should cut this as its above 1680/1 now. However I am stupidly going to break my rules basis even if they resolve Govt shutdown, a far more pressing issue is on Oct 17th with fiscal cliff pollux
Just closed my 1679.50 short from Friday at 1674.50 for 5 points profit.
Thats the minimum daily daily target done for today.
Plan your trade, trade your plan!
Now with WNER, Positive KHC SYSTEMS and KTS negated this looks like a screaming buy.
However can I buy it? Not really with the crooks news.
That will be my failing or just me playing safe.
Support is here at 1675 and then 1669 before 1663.
Resistance is 1685/7.
Lets see where we are in the morning.
Plan your trade, trade your plan!
SPX wise MUST HOLD support at 1679 and resistance at 1695.
A breakout of any will lead to a breakout!
These are very important levels for this week
Plan your trade, trade your plan!
Seriously this is a bad joke -17 overnight on what? Caught long from last night ahhhhhh.
rgds
Arj
One trade too many? Especially on a crooksday? Lets see. Strictly I should cut this as its above 1680/1 now. However I am stupidly going to break my rules basis even if they resolve Govt shutdown, a far more pressing issue is on Oct 17th with fiscal cliff pollux
shove Dan! lol Get well soon mate, plenty of nasty flu going round. Well they are not selling into close. No idea if thats to trap the bulls on Monday or the crooks know something (ie resolution to this one over the weekend) I hate running the short into the weekend but I feel like doing so
Arj, the ongoing theme continues. Irrespective of all else, the TREND CHANGE never occurred and it has remained in BEAR TREND.
The problem is we have been getting all these QE bounces that have made bears freak out, but it just sells off again after.
The SYSTEMS tempt me as well but never to long overnight and nor to contra the overall trend, on a Sunday night.
You may get a bounce RTH and that may give you a let out.
I will probably long but more like 1663/5 basis the last support outlined above
Plan your trade, trade your plan!
Morning all. A couple if questions – How can I change my user name? Would rather not display my name.
Also – I’ve always been with IG. Reliable and had no problems. Looking around I see CMC have tighter spreads – anyone have anything good or bad to say about them? Any other recommendations?
Good luck
Nigel … If you look at the top right it says “Howdy Nigel”.
If you move your mouse over it and then click “Edit profile” you will then be able to change various options to do with your profile including your display name.
Re: CMC … total crooks. No idea now but were a total nightmare for many with constraint requotes and not honouring stops and limits.
I have used all of them and now settled on capital spreads and Finspreads.
Plan your trade, trade your plan!
Right just dipped my toe back in to Cable (GBP/USD) at the 38.2% retracemnent.
peeps seem to be expecting a big rally when the budget agreement happens, I wonder if the surprise will be to the downside.
Managed to get out of my longs with a 1.5 point lose, much better then where I was earlier.
aaarrrgghhh talk about missing the open.
Pain in the neck.
Back now and catching up
Plan your trade, trade your plan!
For me 1679 is intraday resistance from open.
Sadly it never got to my 1663/5 area to long.
Plan your trade, trade your plan!
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