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SYSTEMS FOR THURSDAY 9TH OCTOBER 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 1 short in Dow, 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 02/10/2014.
IT IS NOW NEGATED AFTER DAY3.KTS
We have a KTS5 triggered at close on 25/09/2014.
It is now negated after DAY1.SYSTEM BDIP
None in play.
DDUD
We have a DDUD Season triggered at close on 02/10/2014.
TODAY IS DAY5.SYSTEMS TRIGGERED
ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3SYSTEM 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.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 LOWSSYSTEM 80
USUALLY GET -3. IF IT GAPS UP OPEN, THEN USUALLY NOT MUCH DOWNSIDE PAST -3 AND CAN CLOSE +VE. USUALLY DOES NOT CLOSE AT HIGHS. SMALL CHANCE OF BEING A DDDD DAYSYSTEM SPXF
MORE CHANCE OF A +3 THAN A -3. IF SPX GAPS DOWN THEN IT USUALLY NEGATES THE POSITIVE CALL AND CAN BE A NEGATIVE SYSTEMSYSTEM 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 1962 (basis Dec)
K+3 = 1965
K-3 = 1959
Conclusion
We have 2 KHC+3 SYSTEMS in play.
We also have DDUD Season DAY5 in play.
Plan your trade, trade your plan!
I think alot of bears got hurt yesterday.
can’t see bears taking it straight back down
Dan.
I have to agree Dan and in a way glad I was not here.
In this market the 3 pointer scalps game is over, it cannot be played.
a +35 day?? Just shows how stupid it is. In all the recent bearishness we never got a -35 day.
As per usual yesterday was an up day signature of just up, up and more up into close and beyond.
Today (the day after) is also typical of being more up.
Ridiculous really as the bears had so much chance to do something, but again lost out to the dipsters who decided to BUY BUY BUY yesterdays nonsensical FED MINUTES.
As a result I have absolutely no interest in watching this or trading this for now and will wait for the next opportunity but with DOW >11000, the question is, it it news highs yet again?
LOL LOL we just went up 5 point s on ES in a WCB as I was typing this. Why? What possible reason can there be?
Plan your trade, trade your plan!
We have all done very well here with discipline lately, and got to know when NOT to trade
Plan your trade, trade your plan!
So 1968 again….
is tbis still a ‘level’?
thinking perhaps we are in a range 1918-1968 ish….
Dan.
Short 1960.38
doji mentioned in systems so should be ok…
This movement is odd to me so wondering if something’s ‘wrong’.Dan.
Remember the gyrations in october 1987 ? feels the same – indexes being pulled all over the place.
Dan
I have a target @ 1935 cash. feel free to fade (lol)
A report at 8:30 a.m. in Washington may show that first-time applications for jobless claims rose to 295,000 in the week ended Oct. 4 from 287,000 the prior week, according to economists surveyed by Bloomberg.
15 minutes away
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