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SYSTEMS FOR MONDAY 12TH MAY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
None in play.KTS
None in play.SYSTEM BDIP
None in play.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.ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.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 DAYES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSSPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.SYSTEM 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 SYSTEMSYSTEM SPX6
SHOULD BE MORE DOWNSIDE THAN UPSIDE, COULD BE A TRENDING DAYSpoos closed at 1874.75 (basis Jun)
K+3 = 1877.75
K-3 = 1871.75
Conclusion
We have 1 KHC+3 SYSTEMS in play.
Plan your trade, trade your plan!
Still a KhC +be and WNER.
The plan remains of anticipating a fall any time now.
Plan your trade, trade your plan!
a TYPICAL bludy WNER open.
+2.50 pints already via a WCB.
Going to go to bed.
Goodnight
Plan your trade, trade your plan!
I cannot remember last time we had a nice welcome surprise for BEARS.
By a surprise I mean waking up to a -xx (double digit down)
or
a drop and drop.
Its really overdue.
Plan your trade, trade your plan!
Me too Dan.
Resistance is at 1885/6 ES. That is a MUST MUST HOLD
Plan your trade, trade your plan!
Well is today going to be one of those opens that just WCB’s straight up or do we get a gap fill?
Plan your trade, trade your plan!
WCB at open it was. Its up 10 now.
Over to GFS, but as it stands it looks like all is well in Ukraine again
Plan your trade, trade your plan!
Now +11 and TRIN is really low as opposed to all of last week being high.
New week, same games
Plan your trade, trade your plan!
Don’t shoot the messenger, but May opex tend to be bullish, we could get your 19XX print by friday
+12 now and still no stopping.
Nothing one can do except watch in amazement.
Plan your trade, trade your plan!
Thanks SMashie, however we could see 19xx today lol.
+13 now prints.
Nothing but WCB since open.
Make that … +14 now prints
Plan your trade, trade your plan!
First days resistance here and then 1891 ES.
Plan your trade, trade your plan!
To my eye, The dax has been consolidating in a month long bull flag during the ukraine tensions, bears could be taken to the woodshed if the larger IHS plays out = 10500 ish, notice how the RUT supported at the MA’s last week, another index that could sling shot higher.
The other side of the coin – moneyflow indicators show smart money selling into all rallies, reinforcing the idea that this could be it in terms of last gasp rally
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