Hi all,

Recap ….

Intraday wise …. I banked 14 points in spoos today.

I have 1 longs in spoos, 1 short in Ftse & 14 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB2 triggered at close on 01/10/2013.
IT IS NOW NEGATED AFTER DAY1.

KTS

We have a KTS5 triggered at close on 08/10/2013.
TODAY IS DAY2.

SYSTEM BDIP
We have a BDIP triggered at close on 02/10/2013.
It is now negated after DAY4.

DAY1… We got a low of -20.25.
DAY2… We got a low of -2.25.
DAY3… We got a low of -18.25.
DAY4… We got a low of -19.50.

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

SYSTEMS TRIGGERED

ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3.

ESH3(KHC+5)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS BUT CAN CLOSE POSITIVE

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5

SPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.

Spoos closed at 1648 (basis Dec)

K+3 = 1651

K -3 = 1645

Conclusion

We have 3 KHC+3 & 1 KHC+5 SYSTEMS in play.

We also have a KTS5 DAY2 in play.

Now KTS5 DAY2 can be a rest day / up day and it can then get negated and become a KTB.

Wednesday was a great trading day with 14 points banked on 3 trades.

For now TREND remains down but we can bounce some more.

So where now?

Resistance is at 1657. Above that it can rally some more and it will be over to intraday levels,

Support is at 1648/9 and then 1640. Below 1640 it carries on down.

Good luck

For now THE DOWNTREND remains.

SYSTEMS suggest a +3/+5 again with the KHC’s and the SYSTEMS have been very hot lately, as yesterdays MS trigger showed.

I am pretty sure we can see 1657 again form the resistance again.

However whether it sells off from there or whether it breaks up temporarily, is an unknown.

I will continue to play the same game of hit and runs as that is what is working great.

It needs a plan and patience and then execution and that is what all of us need to do to become successful daily.

Longed 1649.5 after close on assumption that support from earlier still stood – now a couple of points up. Stop now in at break even (so I can sleep!!) and limit to close at 57.

Indeed very well done for noting that Nigel, a support I post (albeit THE LEVELS or intraday levels) remains support until it breaks. Same for resistance.

Personally whilst I agree with running it, I also enjoy my sleep nowadays and if one can get 5 points on a trade and close before anything “unknown” (ie not being able to watch it whilst asleep), then I have to bank that 3-5 points.

Good luck with it.

THE LEVELS Resistance is at 1657. Above that it can rally some more and it will be over to intraday levels, Support is at 1648/9 and then 1640. Below 1640 it carries on down. Good luck

Good morning all,

We have hit 1657.50 at the high so again bang on resistance.

Looks like Nigel’s limits have been hit to close his long at 1657.

Conclusion For now THE DOWNTREND remains. SYSTEMS suggest a +3/+5 again with the KHC’s and the SYSTEMS have been very hot lately, as yesterdays MS trigger showed. I am pretty sure we can see 1657 again form the resistance again. However whether it sells off from there or whether it breaks up temporarily, is an unknown. I will continue to play the same game of hit and runs as that is what is working great. It needs a plan and patience and then execution and that is what all of us need to do to become successful daily.

With 1657 done now and broken above after hitting that area a number of times, tells me to be cautious and not attempt anything stupid.

I am therefore going to do some errands now and will be back around 1pm.

See you then

This is a mad up globex move and by all accounts so far a break up.

However lets see open and lets see SYSTEM GFS