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SYSTEMS FOR THURSDAY 22ND MAY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 1 Long in spoos, 18 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 21/05/2014.
TODAY IS DAY1.KTS
We have a KTS5 triggered at close on 14/05/2014.
It is now negated after DAY5.SYSTEM BDIP
We have a BDIP triggered at close.
It is now negated after DAY4.DAY1… We got a low of -1.25.
DAY2… We got a low of -12.00.
DAY3… We got a low of -26.25.
DAY4… We got a low of -6.00.DDUD
None in play.SYSTEMS TRIGGERED
ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3ESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAYSYSTEM 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 DAYSYSTEM ES3
SHOULD GET -3. UPSIDE AND DOWNSIDE UNSUSTAINABLE. LOWS TRADED SHOULD BE LOWER THAN HIGH TRADED, SHOULD NOT CLOSE AT HIGHS, IF WE TRADE < -3 CHANCE OF -7, -10.SYSTEM ES7
POSSIBLE DOJI DAY, CAN BE WHIPPY AND UNTRADEABLE, ANY GAP UP OPEN SHOULD FILL THE SAME DAY. ITS NOT A SU MARKET AND RARELY MAKES MUCH PROGRESS.ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSSYSTEM 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 SYSTEMSPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGESPX4A
SYSTEM SPX7
STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWSSpoos closed at 1885.50 (basis Jun)
K+3 = 1888.50
K-3 = 1882.50
Conclusion
We have 2 KHC+3 SYSTEMS in play.
W also have a KTB2 DAY1 in play.
Plan your trade, trade your plan!
Oh dear.
2 KHC+ve’s even after such an up day and a KTB also.
It is a KTB2 which can be a DAY1 drop and even negate.
However I keep saying its QE and therefore up is what it likes
Plan your trade, trade your plan!
Recent good ktb’s… were they ktb2’s?
It sounds daft but it all feels so false. No technical reasoning, just a feeling. It feels like ‘they’ are desperate to halt even the mildest of corrections in case it triggers a domino effect…
ES7 I think is usually quite reliable in ‘not making much progress’ so perhaps we are in for a fun friday after a go nowhere thursday….
Sadly yes, just gone back Dan and in QE, even KTB2’s have been good.
The only difference is if we have put a high in already, then it will fail.
Very, very low odds but SYSTEMS will fail at a turn.
Plan your trade, trade your plan!
+5.25
now five lower.
Too early to excited about a pop n drop.
The ktb2 has me worried. Just hope it negates as you say….
KTB wins, we were fools to doubt it really
Plan your trade, trade your plan!
<span style=”color: #292929;”>”With the start of a spectacular KTS trigger just hoping this isn’t another bear trap, memorial day holiday coming up next week, combined with EOM, time for one last hurrah?”</span>
Didn’t I just pre-empt KTB ?
It was a KTB triggered Smashie, so you mean pre empt a KTS?
Plan your trade, trade your plan!
FTSE has dived into close.
Is that the plan for US later?
Plan your trade, trade your plan!
what a total mustard market today.
so far a crookshour high but really I am trusting nothing.
The fact that I have shorted it today means I think I will get out of it for 5 /7/10 point
Plan your trade, trade your plan!
Mustards indeed!
i am going out to eat steak…. One less bull :p
Is ktb in action still? I guess it is.
Dan.
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