Hi all,

Recap ….

Intraday wise …. I banked 3 points in spoos today.

I have 1 long in spoos, 1 short in Ftse & 17 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 KTS triggered at close on 18/10/2013.
TODAY IS DAY4.

SYSTEM BDIP
We have a BDIP triggered at close on 14/10/2013.
It is now negated after DAY4.

DAY1… We got a low of -14.75.
DAY2… We got a low of -1.00.
DAY3… We got a low of -7.50.
DAY4… We got a low of -0.75.

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

DAY1… We got a low of -12.00.
DAY2… We got a low of -18.25.
DAY3… We got a low of -14.75.
DAY4… We got a low of -1.00.

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 -3

ESC
CAN GET A +3 BUT SHOULD GET A -3. CHANCES OF -5, -7, -10

ES4 (KHC+3)

SYSTEM 135

Spoos closed at 1741.75  (basis Dec)

K+3 = 1744.75

K -3 = 1738.75

Conclusion

We have 1 KHC+3 SYSTEMS in play.

We also have a KTS DAY4 in play.

Got the DDDD

MS printed a -4.50 out of its -5 target.

MS donkey on the edge was a gap down.

We printed the “convinced” 1440/3 area.

1440/3 played as resistance all day

GFS said NO FILL and it did not fill.

However sadly I yielded only 3 points as a result because I did not add to shorts as I needed to play safe given my leverage..

So what now?

I would therefore guess that given the KHC+3 we can go up.

Wednesdays gap fill is at 1749.50.

I have longed it for the gap fill at 1740.

Resistance is at 1749.50 basis gap fill. Above that it is back to 1753/5 which I hope will double top

Support is at 1734/5 and below that it can start to fall

Good luck

It triggered at 1299 and hit 1318 earlier.

Lets see where we are in the morning.

Limits in to close 1740 long at 1747 for 7 points overnight for now. I may move it to gap fill when I get up tomorrow if nescessary

Well I must say that was a very easy 7 points.

Had I not put limits in it would have been a full 10 pointer with the gap fill plan.

Was that down wove a correction?

Is it over?

Is it onwards and upwards now?

My guess is this.

That we had to fill todays gap and that is done.

I think we should try for lower again and this correction has more to run.

Problem is I do not know if todays move back up carries on into crooksday and WNER day.

So we are best guided by SYSTEMS and I will wait for the next signal rather than second guess this.

I closed my remaining shorts at 1739 yesterday for a loss.. 🙁

I am holed up in bed with flu type bug.. 🙁

Looks like the mustards will carry on up.

Dan.

You need to be in control not the crooks.

Spikes are stop runs. If you get closed out on a spike it is the crooks taking your money through no choice of yours.

If you close on a retrace or a RED candle or a down day in an uptrend, you are in control and can have a great mindset to play again.

Yesterday was a great trading day and the SYSTEMS played perfect in every respect. Yet because of the nightmare the day before for many traders, they did not even play yesterday and decided to take a break.

For me by playing yesterday I managed to close a short and play a long resulting in 10 points in bankings.

Sure I took little on my short, but I had to adapt as the market is in mad qe mode and dipsters are active.

As I say above, I think we try for lower still and hence I hope to close a few more shorts.

If KAIS goes short and I see evidence that supports are breaking, then shorts will be the game again