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SYSTEMS FOR TUESDAY 2ND DECEMBER 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 long in oil, 10 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 14/10/2014.
It is now negated after DAY6.KTS
We have a KTS triggered at close on 24/11/2014.
Today is DAY5.SYSTEM BDIP
We have a BDIP triggered at close on 21/11/2014.
It is now negated after DAY4.DAY1… We got a low of -1.00.
DAY2… We got a low of -4.75.
DAY3… We got a low of -2.50.
DAY4…DDUD
We have a DDUD Season triggered at close on 02/10/2014.
It is now negated after DAY17.SYSTEMS TRIGGERED
SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.SYSTEM 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 DAYSYSTEM ES2 (KHC +3)
SHOULD GET +5, CHANCES OF DOUBLE DIGIT HIGH DAY IF LOW TRADE IS > -2, RARELY CLOSES AT HIGHS BUT GOOD CHANCE OF POSITIVE CLOSE. GOOD CHANCE OF GAP UP OPENES4C
SYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSPX18
CHANCE OF A GOOD TRENDING DAY. IF HIGH TRADED IS <3, CHANCE OF A DOUBLE DIGIT DOWN DAY. IF LOW TRADED > -3, CHANCE OF POSITIVE CLOSE.Spoos closed at 2050.75 (basis Dec)
K+3 = 2053.75
K-3 = 2047.75
Conclusion
We have 3 KHC+3 SYSTEMS in play.
We have a KTS DAY5 in play.
Plan your trade, trade your plan!
So finally KTS DAY3 gave a -9 and DAY4 a -18.
SO tomorrow its about losing 2043/5. Below that it can fall.
Must hold is 2059. If it breaks that up its back to 2065 ish imo
Plan your trade, trade your plan!
http://www.bbc.co.uk/news/business-30283768
Filtering through…..
The KHC’s have done their job. So the hope is now we see a pop and drop today with a high of either 2059 ish or 2065 max
Plan your trade, trade your plan!
However with Europe on fire and DAX > 10000 again, it maybe that yesterdays downside was a one day wonder as there is no BDIP/KTS combo and KTS has done a -17 and now on DAY5.
If Europe was not up so much I would be more bearish the US.
Plan your trade, trade your plan!
Gap up and go day.
At 2065 now. This really needs to hold
Plan your trade, trade your plan!
Sadly when I look at the charts, above 2059 ish as above really changed it back to up.
So all that work yesterday may have been the one day wonder.
NFP’s on Friday … aaarrrggghhh
Plan your trade, trade your plan!
This really is such an awful market when it behaves like this.
Ie one day down, no followthrough and then grind up with wcb zooms
Plan your trade, trade your plan!
Right now its all about breaking 2062 down but really 2060
Plan your trade, trade your plan!
Again TRIN is very abnormally high for a market thats up 14.25!
Something is lying.
Very little volume today.
Plan your trade, trade your plan!
Well it’s completely and utterly manipulated so perhaps trin etc means less than it did….
In fairness the systems looked bullish today though, or at least I thought so…..
They were Dan as you say but I was hoping for a pop and drop to resistance and back down.
It is still around 2065 so maybe this is just a typical up day in terms of its not retraced but has got stuck at resistance.
Its all down to tomorrow now.
pop and drop or drop and drop?
Plan your trade, trade your plan!
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