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SYSTEMS FOR TUESDAY 7TH OCTOBER 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 1 short in Dow, 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 02/10/2014.
TODAY IS DAY3.KTS
We have a KTS5 triggered at close on 25/09/2014.
It is now negated after DAY1.SYSTEM BDIP
None in play.
DDUD
We have a DDUD Season triggered at close on 02/10/2014.
TODAY IS DAY3.SYSTEMS TRIGGERED
ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.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 SPXG
More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1953.50 (basis Dec)
K+3 = 1955.50
K-3 = 1950.50
Conclusion
We have 1 KHC+3 & 1 KHC-4 SYSTEMS in play.
We also have a KTB DAY3 & DDUD Season DAY3 in play.
Plan your trade, trade your plan!
Nice to see KHC’s both sides.
We have ESG and SPXG again and although that combo has been >98% reliable for a DDUD print in this QE BULL trend, the last one failed when we had the big down day last week.
So if ESG/SPXG fails again, we then know we are in a downtrend overall.
So I want to see it move first before I place any trades now and will therefore wait until the morning
Plan your trade, trade your plan!
Below 1949 targets 1944.75.
Below that things get interesting again.
Until then we have to assess whether the dipsters are still alive and kicking.
Plan your trade, trade your plan!
The way RUT broke down from that bear flag yesterday, tells me it wants to retest last weeks lows, Let see, early days
GFS has not triggered for today.
Navnit
Plan your trade, trade your plan!
thanks navnit.
we’ve had the DDUD in globex and RTH
So if ESG/SPXG fails again, we then know we are in a downtrend overall.
not much oomph so far with the bullish systems, just waiting on KTB to negate ..
Oh what fun.
That 1967 area still seems to be the high for now.
It got close to the 1938.75 gap fill but missed it by 1.25.
Plan your trade, trade your plan!
We have had 2 DDUD’s in RTH.
Thats what DDUD season is all about.
It goes down but has these mad DDUD bounces intraday day.
Yesterday it was all about breaking 1947 for the fun to start.
Today it is about breaking 1938.75 for the fun to start.
SU level is 1953. Todays gap is 1956 (looks like a reset figure form last night)
1938.75/1940 is the support to break down.
On the whole it looks like 1940/50 in play
Plan your trade, trade your plan!
I maybe wrong but with 2 DDUD’s done already, I think it will go lower and break days lows.
Then its all about 1938.75 breaking
Plan your trade, trade your plan!
Right so now its in the limbo game.
6.30pm coming up soon as a possible TOD move
Plan your trade, trade your plan!
6.30pm was a high but no real acceleration down so far.
If one says that since open it been in a triangle, then we are reaching the end of that now.
Therefore a move is coming any minute now. It may be a false whip first so I will post as soon as I know more.
For now I still think we see the lows later and lower
Plan your trade, trade your plan!
Still nothing, now onto 7.30pm TOD.
Plan your trade, trade your plan!
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