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SYSTEMS FOR THURSDAY 30TH JANUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked -2 points in Spoos today.
I have 1 short in Ftse, 1 Long in spoos, 14 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 28/01/2014.
TODAY IS DAY2.KTS
We have a KTS5 triggered at close on 02/01/2014.
It is now negated after DAY8.SYSTEM BDIP
We have a BDIP triggered at close on 28/01/2014.
TODAY IS DAY2.DAY1… We got a low of -24.00.
DAY2…
DAY3…
DAY4…DDUD
None in play.
SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELYSYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY,SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1771.25 (basis Mar)
K+3 = 1774.25
K-3 = 1768.25
Conclusion
We have NO KHC SYSTEMS in play.
We also have a BDIP DAY2 and KTB2 DAY2 in play.
Plan your trade, trade your plan!
What a FED DAY and the theme of whip city continues.
However it does look like they are selling rallies now and that is definitely a change.
SPX 1766 i support and below that it can print a 170x.x print to head towards the 130 point down number from the 70-130 point range.
SYSTEMS are of little help sadly as there are no KHC’s and we have a KTB and BDIP in play.
Basis BDIP in a bear trend we should see a -5/-7 minimum.
Nothing to do overnight so lets see where we are in the morning
Plan your trade, trade your plan!
ESL1
Is it the -3 system from yesterday (next day system) or a fresh trigger?
THE LEVELS
Resistance is at 1779/81. Above that it can rally
Support is at 1764. Below that it falls.
Plan your trade, trade your plan!
ESL1 Is it the -3 system from yesterday (next day system) or a fresh trigger?
You are getting good at this Dan. Spot on. I have corrected POST1 although we have printed a -3.50 already.
Plan your trade, trade your plan!
Gutten Morgen one and all
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
And Before Daniel San Gives me a Boot 😛
Here all enjoy nice Kahwaa
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
THE LEVELS Resistance is at 1779/81. Above that it can rally Support is at 1764. Below that it falls.
Went above in globex, came back to retest it and now going up.
Clear 1787 and then 1791 and its off up again
Plan your trade, trade your plan!
lol on fire up now.
In a way I am so glad I stayed out of this pollux.
+19.50 now? Could have easily got caught shorting it.
At 1791 now though. Tempted to short it here.
Plan your trade, trade your plan!
I did short 1792 earlier from downstairs.
Plan your trade, trade your plan!
I ideally want to see 1786/7 area on this.
As it stands it has undone all of yesterdays fall, and some.
However the recent pattern has been SU or SD, not intraday total reversals.
Tomorrow is crooksday and recent ones have been weak
Plan your trade, trade your plan!
Got to 1786.50 vs 1786/7 idea above.
Closed at 1787.50 as I dithered.
Banked 4.50 points so its a result
Plan your trade, trade your plan!
Evening all….
looks like my short is underwater now from 1773 zone. I had 6 points plus and didn’t take…. was looking for it to break down yesterday then it didn’t….
Anyway, in this volatile market could still come in soon. Only bet I have so not overly concerned.
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