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SYSTEMS FOR MONDAY 18TH AUGUST 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 17 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 08/08/2014.
TODAY IS DAY6.KTS
We have a KTS5 triggered at close on 05/08/2014.
It is now negated after DAY3.SYSTEM BDIP
NONE IN PLAY.
DDUD
None in play.SYSTEMS TRIGGERED
ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7SYSTEM ESF
CAN BE A TRENDING DAY. IF NO +3 AND THEN IT TRADES <-4, IT CAN THEN TREND DOWN. LIKEWISE IF NO -3 AND THEN IT TRADES >+4, IT CAN THEN TREND UP.ESL3(KHC-5)
SHOULD GET A GOOD NEGATIVE PRINT . DOES NOT ALWAYS CLOSE AT LOWS.SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5SYSTEM SPXG
More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.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 SYSTEMSpoos closed at 1952.50 (basis Sep)
K+3 = 1955.50
K-3 = 1949.50
Conclusion
We have 1 KHC-4 & 2 KHC-5 SYSTEMS in play.
We also have a KTB2 DAY6 in play.
Plan your trade, trade your plan!
Damn KTB is still in play and for WNER on WNER day its a gap and go so far.
SYSTEMS are very bearish with -3/-5 -ve KHC’s so lets see if that can tackle WNER.
Also although there is SPXG its not an ESG/SPXG combo.
Nevertheless we have all been here before only to see it continue MAD UP with little retraces, so we need to be very careful.
Although I expected lower in the recent downmove, we still got the 70-130 point downmove (I think it was 85 points with the low dead on 1900 roundie.
I closed many shorts at that point and expected a bounce to short.
That bounce is now 60 points higher and it is back on fire.
Looks like KTB once again showed us the way for this monster.
Plan your trade, trade your plan!
While SPX / DOW have not got back to highs, NASDAQ has.
Plan your trade, trade your plan!
I think many of the “experts” will be predicting new highs across the board now.
Above 1966 SPX, I will have to agree.
That equates to 1963 ES roughly, which is where we are now.
Topping out at this time of the day (morning) is most unusual on WNER day.
Either we get an early high (RTH) or it will carry on to close near highs.
YUK
Plan your trade, trade your plan!
Now +11 and still trying for more up.
Its unwatchable again.
Up days are just total SU nonsense.
I just cannot short it here yet
Plan your trade, trade your plan!
With Jackson Hole this weekend and Fed minutes released mid-week maybe it continues to levitate:
http://www.marketwatch.com/story/yellen-to-stress-patience-on-rates-at-jackson-hole-2014-08-17
Kman
With the pop and drop on friday did you close any of your recent shorts ?
Yes Smashie, on Friday limits got hit at 1941 to close the 1951 short for 10 points while Pal was not here.
Navnit
Plan your trade, trade your plan!
Shorted ES FWIW 1968.
It is total SU but its also NPR.
SO lets see if it comes in today or tomorrow and fills the gap at 1952.50.
Limits in to close at 1955 basis undershoot and 1953/5 support for now a
Plan your trade, trade your plan!
So WNER so far and SU so far.
SU level is 1967 now, so lets see how that holds.
SYSTEM MS will trigger a short next, whenever it does (does not have to be today)
Plan your trade, trade your plan!
What a joke to see this market fall.
Up moves out rockets, downmoves 1 point an hour
Plan your trade, trade your plan!
SYSTEM MS is a donkey on the edge
Plan your trade, trade your plan!
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