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SYSTEMS FOR MONDAY 28TH OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 5 points in spoos today.
I have 1 short in Ftse & 18 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 24/10/2013.
TODAY IS DAY2.KTS
We have a KTS triggered at close on 18/10/2013.
It is now negated after DAY4.SYSTEM BDIP
None in play.DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3ESL2
USUALLY GIVES -4/-7ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSSYSTEM 136
SPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGESPX4A
SPX 10
Spoos closed at 1754 (basis Dec)
K+3 = 1757
K -3 = 1751
Conclusion
We have NO KHC SYSTEMS in play.
We also have a KTB2 DAY2 in play.
Plan your trade, trade your plan!
Rough notes or now as have guests over,
MS DAY2 target is 1745.50
Thats a big ask as its -10 on WNER day in a KTB of a mega QE TREND UP madness phase.
Plan your trade, trade your plan!
Ok back now. Trust you all have had a great weekend.
I see this was riding up high on its horse for WNER but the MS target have now pulled it down back into negative.
I was screaming this morning as to why I went against my better judgement and against WNER.
It does not matter what SYSTEMS or bearish news, WNER is nearly always up.
I can only hope that when RTH kicks off MS target will call it down, or I will have to wait for DAY3.
Plan your trade, trade your plan!
So far my plan remains of a high into FOMC this week.
I do strongly feel any shorts taken here will get a good exit minimum 30/50 points lower.
The problem is always what is the move like into FOMC and how high can it spike?
Plan your trade, trade your plan!
ok we are off, market opens early until US change.
SU level 1752 and intraday cit level (ongoing) is at 1749.50
Plan your trade, trade your plan!
So far very much the same continuation of the SU pattern since open.
Grindy grindy up
Plan your trade, trade your plan!
Housing numbers shockingly worse than expected.
It dipped but then the “not tapering” dipsters have appeared.
Plan your trade, trade your plan!
If there is no early high in the next 10/20 minutes, then its a waster of time and money WNER day.
There will be nothing to do as it will be untradeable today and then tomorrow will be a great trading day.
Best to save ammo for that.
Plan your trade, trade your plan!
Good news so far is that it looks like we have an early high.
No idea though if bears can sustain selling here. SU level now 1753
Plan your trade, trade your plan!
At SU level now. If this can break then intraday cit level next and below that MS will print (against all the odds)
Plan your trade, trade your plan!
Resistance now 1757.25. Above that it continues up.
Intraday cit level now 1752.75.
Going to short 1757 with a stop at 1761.
Plan your trade, trade your plan!
Limit hit short at 1757, stop 1761.
Target intraday cit level area of 1752.75
Plan your trade, trade your plan!
Intraday cit now 1757.50.
It just keeps moving up as this keeps grinding up and breaking resistances.
Even though as I keep saying I am betting on this against WNER, it is not unexpected whatsoever.
Just another typical WNER untradeable day.
Plan your trade, trade your plan!
Early Warning
Much against the fear of this being runaway, this is going to go into a phase of double DDDD’s soon. Ie -20 or more from the high and the daily ranges will be -20 or 20+ points.
This should start this week with a good pop and drop day.
It can involve a final hoorah, so there maybe a good spike up that closes negative on the day.
Even today we should close <+3, so it should not close at highs
This sets up for a clear Roadmap from here
Plan your trade, trade your plan!
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