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SYSTEMS FOR TUESDAY 6TH MAY 2014
Hi all,
Recap ….
Intraday wise …. I banked 10 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 14/04/2014.
It is now negated after DAY4.KTS
We have a KTS5 triggered at close on 04/04/2014.
It is now negated after DAY6.SYSTEM BDIP
None in play.DDUD
None in play.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.ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.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 DAYSPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.SYSTEM 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 SYSTEMSpoos closed at 1876 (basis Jun)
K+3 = 1879
K-3 = 1873
Conclusion
We have 1 KHC+3 SYSTEMS in play.
Plan your trade, trade your plan!
Starts off as a waste of time.
came down nicely into close and now nothing but wanting to go back up in extended crookstime.
Once again nothing to do overnight
Plan your trade, trade your plan!
Lol at least Liverpool threw away 3 points…
Forget price for a second. Time. This market is sooooo overdue a serious correction. I agree with Faber mustard that given its gone so far, the drop will be more severe as a result…. just wish it would get on with it!
Sell in May you mustards!
Right – I have looked into my crystal ball and see that it will pop and drop to -30 print tomorrow, if not more. It also says Man Utd stay in the wilderness for decades….
lol Dan, I think you need to consult your wedding pressie THE DRAGON.
FTSE / DAX slipping away. Looking good so far for a pop and drop.
Short Spain 10528.50
Plan your trade, trade your plan!
Volatile day but lovely to see the pop and the drop.
My 100 point limits got hit on SPain which is good too.
Resistance now 1874/6 and then 1878 so its tough to do anything here but to wait
Plan your trade, trade your plan!
1875 now the SD level.
Below that it can fall.
Plan your trade, trade your plan!
SD level and intraday CIT now at 1870.
Thats what needs to hold now.
TRIN >1 which is good too.
However in recent weeks we have had WCB from nowhere.
I hope enough longers been sucked in and enough bears have given up. If so this can fall in crookshour
Plan your trade, trade your plan!
http://www.theguardian.com/world/2014/may/06/ukraine-claims-30-pro-russia-separatists-killed
Finally or still more news media pollux
Plan your trade, trade your plan!
They are such mustards. Trying to run shorts whilst sitting here watch it is impossible.
After every tiny red candle it tries bouncing.
Plan your trade, trade your plan!
3 point WCB just came out of nowhere.
Its a very tough game for sure nowadays.
Yet just when you give up shorting, it will be -17/-23/-30 in a flash
Plan your trade, trade your plan!
Needs to get below 1863.50 now and then break days lows at 1861.75 and then yesterdays lows 1860.50.
What a load of mustard supports
Plan your trade, trade your plan!
The merlin mustard for this week
Plan your trade, trade your plan!
I am so tempted to just cancel all 10 point limits on my shorts here.
Infact I have.
It looks like all the asc wedges are failing.
As always it could whipsaw back into them, break the tops falsely and then totally tank. (thats the alternative)
Either way its terminal and either down from here or down from a rally back up.
Target is bottom of wedge (sub 1820 SPX)
Plan your trade, trade your plan!
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