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SYSTEMS FOR THURSDAY 31ST OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 11.25 points in spoos today.
I have 1 short in Ftse & 18 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 24/10/2013.
IT IS NOW NEGATED AFTER DAY4.KTS
We have a KTS triggered at close on 18/10/2013.
It is now negated after DAY4.SYSTEM BDIP
None in play.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 -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,SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5ES91
SYSTEM SPXE
MORE DOWNSIDE THAN UPSIDE, CHANCES OF -4,-7, THE CLUE TO A DOWN IS SPX TRADING NOT MORE THAN +3, SPX TRADING > +3 GIVES CHANCE TO A POSITIVE CLOSE. IF SPX DOES NOT TRADE MUCH NEGATIVE IT CAN BE A SU SYSTEM BUT DOES NOT CLOSE AT HIGHS.SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1760.50 (basis Dec)
K+3 = 1763.50
K -3 = 1757.50
Conclusion
We have 1 KHC+3 SYSTEMS in play.
Plan your trade, trade your plan!
Extremely good day yesterday with the plan from the KT thread coming to fruition exactly how it should. Ie spike up, close negative, double DDDD and within the +- 1 day of FOMC.
Calling a top however remains a mugs game because they screw it so much and I knew and posted they would, yet I still had no guts to add to shorts.
Still it was nice to bank that 11.25 points on the short from the day before.
So where now?
Plan your trade, trade your plan!
KAIS has flipped back to short.
MS DAY5 target is 1745.50
Resistance is now 1760.50
The day plan needs to be to stay below the resistances.
We need to break 1754 SPX back down now to get bearish.
We need to remember that bottoms are spikes but tops are events, so it may take its time to get going down properly and spook about first to make sure there are no shorters on board.
Plan your trade, trade your plan!
We saw Captain Phillips (Tom Hanks latest film).
Well worth it especially as its the first time I have been to the cinema in years.
Made me laugh though at the resources the yanks threw at rescuing Captain Phillips with all those warships deployed etc.
Then again if you are 17 trillion in debt, what difference does it make spending a few millions lol
Plan your trade, trade your plan!
I want a KTS to trigger to seal some sort of top here.
We need to enjoy any top as much as we can, because I am seriously worried these mustards will go for an XMAS rally from a dip
Sorry top be a spoil sport, but about time XMAS was cancelled for the greedy crooks and their New Year bonus
Plan your trade, trade your plan!
Banked 10 points today – tempted to let it run but was cautious. Think you’re closing levels have been left in from yesterday in today’s first post.
Excellent Nigel, well done my friend.
Thanks for the correction. Corrected POST1 now
Plan your trade, trade your plan!
Damn just not used to these hours as now there are not enough hours in the morning for me to do all the other stuff I am involved in.
Market opened, shot up to fill gap and now straight back down.
That confirms my bearish theme here and is another sign (ie open down, quick gap fill and then down again)
I am already short and have no longs, so happy to see where this goes for now
Plan your trade, trade your plan!
For now its all about break 1751.75 down.
If so then MS target on DAY5 is a done deal
Plan your trade, trade your plan!
Still hanging around lows (the support above). This “should” break down
Plan your trade, trade your plan!
Its all carving out as it should.
1751.75 (really 1750/3 area) is still support but now resistance is at 1760/1 area.
Below that it can be bearish immediate trend wise. ABove 1762 it is up again.
For me if I can short 1760 area, I will.
Plan your trade, trade your plan!
It got to 1759.75 missing my 1760 by the 0.25 curse.
I am tempted to take it here at 1759 but I will be patient.
Plan your trade, trade your plan!
Happy that I have shorted it at where resistance definitely exists as it has got stuck here, however it is not coming down as it stands
Plan your trade, trade your plan!
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