Hi all,

Recap ….

Intraday wise …. I banked 7 points in spoos today.

I have 1 short in Ftse & 19 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.
IT IS NOW NEGATED AFTER DAY4.

KTS

We have a KTS triggered at close on 31/10/2013.
TODAY IS DAY5.

SYSTEM BDIP
We have a BDIP triggered at close.
TODAY IS DAY2.

DAY1… We got a low of -12.25.
DAY2… We got a low of -0.75.
DAY3…
DAY4…

DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.

SYSTEMS TRIGGERED

We have NO SYSTEMS in play today.

Spoos closed at 1765.25 (basis Dec)

K+3 = 1768.25

K-3 = 1762.25

Conclusion

We have NO KHC SYSTEMS in play.

We have a BDIP DAY3 & KTS DAY5 in play.

I said a week ago that this is going to be the pattern ie whippy to shake longs and shorts out.

However I did think that the high was going to come in early this week but with NFP’s Friday now, hard to say.

I am day short and MS donkey has closed on the edge.

As a result of the donkey we should gap down tomorrow.

Therefore I have cancelled my 3 point limits and instead put in limits at 1761 for 4 points to close.

These mustards always make it so personal.

The low overnight was 1761.75. Had I left my limits in at 1762 they would have been hit. Because I moved them to 1761, they have not.

We shall see what happens next.

FTSE still not interested

This market is so skewed with QE it’s nuts, but that’s the hand we are dealt so we have to deal with it.

I have been waiting for a short opportunity but am wary with NFP tomorrow now.

Could short any positive for a gap down donkey edge trade, but we have been lower….does it revisit the lows or gap down 0.25 lol.

Keep watching….

Dan.

ECB cuts rates from 0.50% to 0.25%. Things must be really bad if so.

However it means more free cheap money so Buy’em

Donkey on the edge said gap down 90% chance. 10% is that it gaps up and then quick gap fill.

Sadly I just cannot add more as its NFP’s tomorrow buy if I was flat just playing SYSTEMS, I would short for it.

Lets see

All those bailouts need to be paid back and with austerity, no growth, no chance of paying it back. On top of that the strong Euro has killed exports.

Atleast the rate cut has brought the Euro down

This is going to end in complete and utter disaster…..

Don’t these idiots read history? I suspect they do but they don’t care.

Not bad odds of a fill….