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SYSTEMS FOR TUESDAY 1ST OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse & 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.
KTB
None in play.
KTS
We have a KTS triggered at close on 19/09/13.
TODAY IS DAY8.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
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 +3
SYSTEM 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 DAYES4C
ES16A
SYSTEM 70 (KHC +3)
USUALLY GIVES +3SPX 19 (KHC+3)
SHOULD GIVE +3/ +5. POSSIBLE GAP & GO DAY.Spoos closed at 1678 (basis Dec)
K+3 = 1681
K -3 = 1675
Conclusion
We have 4 KHC+3 SYSTEMS in play.
We have a KTS DAY8 in play.
Plan your trade, trade your plan!
Well a good day yesterday for posting but unfortunately no posted trades.
A number of reasons for that. The first is that the move down came right at globex open and hence no chance to get in as wanted to be flat for WNER.
Then although it bounced off the lows it was with NO GFS but GFS was dead right as gap did not fill.
In crookshour, it sold off from 1679.25 and I wanted to short 1680.
However we hit the target of a 167x.x print on SPX.
So where now?
Plan your trade, trade your plan!
SPX now needs to hold 1700 SPX and can target a low 166x.x print.
To me the TREND remains down. Just a massive shame about this continuous QE pump, without that this would be 1600 in a flash.
Plan your trade, trade your plan!
The Levels
Resistance is at 1683. Above that it can rally.
Support is at 1671/2. Below that it can fall to 1666 and below that it continues to fall.
Good luck.
Plan your trade, trade your plan!
Conclusion
I want to still short the rallies.
Problem is that in the past when there has been a ‘resolution’ to fiscal cliff pollux, it has rallied big. Add to that QE pollux, any downmove just cannot stick.
If it is trend down, then any ‘fiscal cliff resolution rally’ should sell off.
Lets see what happens at 1683 tomorrow and if I see it in globex, I will look to short.
Plan your trade, trade your plan!
Good morning all,
Having missed 1684 last night as I was asleep, just shorted 1681.50 as per plan.
It is riskier than normal due to fiscal cliff pollux, but got to give it a go
Plan your trade, trade your plan!
Yeehaa the pad is back.
I put 5 point limits in and they got hit earlier.
Just as damn well.
Now sadly it is above 1683 so I cannot short it.
Plan your trade, trade your plan!
1688 is first support and then main support at 1683.
Plan your trade, trade your plan!
Low was 1682.75, bang on support
Plan your trade, trade your plan!
Resistance is now 1686.26.
I am looking to short that area for tomorrow.
Plan your trade, trade your plan!
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