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SYSTEMS FOR THURSDAY 6TH FEBRUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked +15 points in spoos today.
I have 1 short in Ftse, 2 Long in spoos, 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB triggered at close on 05/02/2014.
TODAY IS DAY1.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.
It is now negated after DAY4.DAY1… We got a low of -24.00.
DAY2… We got a low of -3.50.
DAY3… We got a low of -19.75.
DAY4… We got a low of -44.75.DDUD
None in play.
SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3ESL2
USUALLY GIVES -4/-7ES101 (KHC+3)
SHOULD GET A +3 /+5SYSTEM 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 SYSTEMSPX4A
Spoos closed at 1744 (basis Mar)
K+3 = 1747
K-3 = 1741
Conclusion
We have 1 KHC+3 SYSTEMS in play.
We also have a KTB DAY1 in play.
Plan your trade, trade your plan!
Well great bankings daily still but certainly yesterday I felt that having identified 1751 as resistance, I missed the trades.
Also because I had guests I missed the Early Warning and hence missed the KTB at close.
I see it is +3 already and it will be back down to 1751 now as resistance which will be a +7.
For now we remain in TREND DOWN but with room to bounce and also there is a potential target of 1762.25 ($VOLD +30 target)
More in the morning as for now we are in NML but with a KTB.
Plan your trade, trade your plan!
OK I maybe wrong but this looks like it will break up imo and go up.
Its been so whippy and volatile lately and turned on a dime intraday, but thats what I see.
With the KTB, I do believe it can happen.
My guess for now though is it will all be a contra rally (if it happens) and then go further down.
Any rally may peak into NFP’s
Lets see
Plan your trade, trade your plan!
Good morning all,
A high of +5.50 overnight to 1749.50 is no surprise.
With NFP’s tomorrow, lets see
Plan your trade, trade your plan!
Right guys, I am going to pop out now for a bit. I hope to be back for open, but maybe not.
If Navnit is here I will ask her to post GFS and levels once RTH starts.
Plan your trade, trade your plan!
+12 print so far…
ktb doing it’s job.
with the $vold target too it’s tempting to long but I will wait for a short signal and do nothing for now.
Dan.
The GFS has not triggered today.
Navnit
Plan your trade, trade your plan!
Tempted to short @ 15600 DOW, or keep powder dry for last hour sell off
1767 held as support on way down and we have nearly hit it on way up now. Resistance?
It is tempting still to short but with ktb and $vold in force it is wise to wait I think. See what tonight’s systems throw up.
It’s hard doing nothing ;p
http://www.cnbc.com/id/101395618
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Tempted to short @ 15600 DOW, or keep powder dry for last hour sell off
I would have shorted the roundie if I was here for sure
Plan your trade, trade your plan!
Right its good to be back but even better that I walked away.
I have learnt time and time again that its not good to be here on a KTB/$VOLD.
Had I not been busy last night with guests the Early Warning would have picked that up and I could have longed it.
SO for now let it do its job. More than likely I will short for a 7.30pm high but ideally the close today as it could go up in crookshour.
Plan your trade, trade your plan!
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