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SYSTEMS FOR TUESDAY 5TH NOVEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 4 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 31/10/2013.
TODAY IS DAY3.SYSTEM BDIP
We have a BDIP triggered at close.
TODAY IS DAY1.DAY1…
DAY2…
DAY3…
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
SYSTEM ES3
SHOULD GET -3. UPSIDE AND DOWNSIDE UNSUSTAINABLE. LOWS TRADED SHOULD BE LOWER THAN HIGH TRADED, SHOULD NOT CLOSE AT HIGHS, IF WE TRADE < -3 CHANCE OF -7, -10.SYSTEMSPX3
SHOULD GET -3/-5. IF SPX TRADES < +3 HIGH THEN CHANCE OF TRENDING DOWNSYSTEM 80
USUALLY GET -3. IF IT GAPS UP OPEN, THEN USUALLY NOT MUCH DOWNSIDE PAST -3 AND CAN CLOSE +VE. USUALLY DOES NOT CLOSE AT HIGHS. SMALL CHANCE OF BEING A DDDD DAYSpoos closed at 1762.75 (basis Dec)
K+3 = 1765.75
K-3 = 1759.75
Conclusion
We have NO KHC SYSTEMS in play.
We have a BDIP DAY1 & KTS DAY3 in play.
Plan your trade, trade your plan!
Right short and sweet time.
There are no KHC+3’s, so in this market that can mean that upside will not stick.
KTS suggests a pop and drop (-7 print) but this KTS has been a flop as any drops have been bought back up in grindy grindy fashion.
BDIP again suggests a minimum -5/-7.
All that sounds good to the bear but sadly we are in that final phase before a deeper retracement.
In this face we can just get minimums and then grind up. We can have a hoorah.
I maintain the contents of the KT thread and also feel that we are making a secondary high here.
The hoorah clue maybe a inverse h%s on a 10 minute chart. If so target can be circa 1779 ES.
For now immediate trend is up and we have to respect that as I did yesterday by taking short term short profits as scalps.
Plan your trade, trade your plan!
I am bearish below 1760 SPX and very bearish below 1753 SPX.
We got idiot NFP’s on Friday again.
Plan your trade, trade your plan!
Good morning all,
I am still in wait mode for any further day short.
We have printed a -3 to the dot, so its possible dipster time now before we fall.
I do think we can have a good down today/tomorrow via a pop and drop
Plan your trade, trade your plan!
Apologies Edj, on Tuesday I tend to do voluntary work as a Chaplain for HM Prisons. It is where these crooks should be locked up.
In all honesty if I was here I would have said NO GFS basis the SYSTEM but it nearly filled after that anyway. It shows the phase we are in which is topping out mad mode (ie whippy to shake out longs and shorts)
1761.75 is resistance now.
Charts are totally crazy now as that inv h&s got blown only to come back up again.
Really very tough to call here and now.
Plan your trade, trade your plan!
My closest short (1755 one) got to 1750.50 whilst I was out.
Personally as part of my style I would have taken that in view of the dipsters and a BDIP / KTS combo -12.25 print (does a -13).
However I missed it and auto limits are always in for 10 points unless otherwise specified on positions that have gone out
Plan your trade, trade your plan!
I sure felt like it just now Dan. Just been to an amazing display with the family.
1761.75 has been bang on as per above as resistance.
I have no clues for tomorrow as it stands
Plan your trade, trade your plan!
Below 1757 will target 1753 and below that it can fall.
However we are now reaching the EOD so soon the levels will mean nothing and tomorrow is a whole new day
Plan your trade, trade your plan!
So DAY1 BDIP printed a -13 but yet the mustards bought it up.
That tells me BDIP’s are working which says there has been a CIT however the mustard dipsters are not dead.
So whippyness remains still as the game in play which is part of the topping process.
It is still ready for a wave down any day now and that will be fast and furious imo
Plan your trade, trade your plan!
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