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SYSTEMS FOR MONDAY 13TH JANUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked 8 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 DAY7.SYSTEM BDIP
We have a BDIP triggered at close on 08/01/2014.
TODAY IS DAY3.DAY1… We got a low of -8.00.
DAY2… We got a low of -6.75.
DAY3…
DAY4…We have a BDIP triggered at close on 31/12/2013.
It is now negated after DAY4.
DAY1… We got a low of -24.50.
DAY2… We got a low of -6.00.
DAY3… We got a low of -6.00.
DAY4… We got a low of -1.00.DDUD
None in play.
SYSTEMS TRIGGERED
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 DAYSYSTEM SPXD
MORE DOWNSIDE THAN UPSIDE, NEGATIVE BIAS DAYSpoos closed at 1837.75 (basis Mar)
K+3 = 1840.75
K-3 = 1834.75
Conclusion
We have NO KHC SYSTEMS in play.
We have a BDIP DAY3 & KTS5 DAY7 in play.
Plan your trade, trade your plan!
Here we go again. Crooksday was up so we can assume WNER will be up.
SYSTEMS are so thin on the ground.
Still waiting for another MS short to trigger.
I maybe wrong but I get the niggling feeling we are off up again for a bit.
Lets see what globex / tomorrow brings
Thanks to Smashie, I am out of holiday mode now and ready for daily bankings again.
Plan your trade, trade your plan!
Good morning all,
So we have a dip on WNER morning.
Long 1833.50 for WNER.
Just following the odds, nothing else
Plan your trade, trade your plan!
We are all expecting a downmove and have been for a long time basis that the market is overextended.
However last year we realised that it can just carry on up irrespective due to QE.
SO we just have to go with the flow
Sods law this is a WNER that will fail, but so be it as at worst it will be the usual hedge against my shorts.
For now I will see it through. I have a roofer coming to fix the chimney and roof shortly so maybe distracted until US open
Good luck
Plan your trade, trade your plan!
Around where I longed still.
It is a gap down open, which is not good for a WNER day.
Lets see if we can get GFS to trigger and a gap fill
Plan your trade, trade your plan!
I had 2.75 points in the long then.
I had no reason to take as it was 1.50 points form the gap.
Its back down now.
GFS still has not made up its mind
Plan your trade, trade your plan!
Ongoing SU level is 1831. Above that I feel longs are safe, below that is a risk
Plan your trade, trade your plan!
SO far my long is not threatened and we are on target for a WNER day
Plan your trade, trade your plan!
Closed 1833.50 long at 1837 for 3.50 points.
We just hit 1837.50 vs gap open at 1837.75, so for me Gap has filled.
It should carry on higher as per WNER, but I want to take no chances and get back to bankings daily.
If one has a 3 point daily, 15 point weekly target, then that was the trade for the day.
Plan your trade, trade your plan!
Here we go again. Crooksday was up so we can assume WNER will be up. SYSTEMS are so thin on the ground. Still waiting for another MS short to trigger. I maybe wrong but I get the niggling feeling we are off up again for a bit. Lets see what globex / tomorrow brings Thanks to Smashie, I am out of holiday mode now and ready for daily bankings again.
I still feel more chance of upside here than doewnside, so need to be careful with shorts until I get a signal
Plan your trade, trade your plan!
Hi all – indeed Kman. Feels very weak tho, with ESL SPXD BDIP and KTS tempted to short here. Any resistance level?
Sure Qman, I see it but hard to assume any weakness on WNER day for me as even if its weak, it may not go up, it does not come down.
However resistance remains at that 1838 level.
Above that can target the 1846 gap.
Plan your trade, trade your plan!
Support remains 1832/3.
Tempted to long again if it gets there
Plan your trade, trade your plan!
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