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SYSTEMS FOR TUESDAY 8TH OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 5 points in spoos today.
I have 1 short in Ftse & 14 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 01/10/2013.
IT IS NOW NEGATED AFTER DAY1.KTS
We have a KTS5 triggered at close on 03/10/2013.
It is now negated after DAY1.SYSTEM BDIP
We have a BDIP triggered at close on 02/10/2013.
TODAY IS DAY4.DAY1… We got a low of -20.25.
DAY2… We got a low of -2.25.
DAY3… We got a low of -18.25.
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3SYSTEM 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
ES 5B
CAN GIVE UPTO +5 & -5. INITIAL DIRECTION IS USUALLY A FADE.ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWSSYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSYSTEM SPX2
GOOD CHANCE OF +5, IF THE CLOSE IS POSITIVE THEN THE NEXT DAY AFTER COULD BE DOUBLE DIGIT DOWNSPX 5E
CAN GIVE +3,+5,+7,+10. ALSO GOOD CHANCE OF A POSITIVE CLOSE. HOWEVER IF IT REVERSES AND GOES NEGATIVE, THEN CAN BE A DDDDSpoos closed at 1667.75 (basis Dec)
K+3 = 1670.75
K -3 = 1664.75
Conclusion
We have 4 KHC+3 SYSTEMS in play.
We also have a BDIP DAY4 in play.
Plan your trade, trade your plan!
Yesterday started off good with the 5 points banked overnight but then I had distraction city going on at market open and missed GFS as well as a short at 1679.
I then ended up longing 1676 and got caught in it despite having the magic 3 points.
For now I will run this long as its vs my swing shorts and we can get a news spike any day.
However I am wrong to run it basis that alone as I still feel we are in TREND DOWN.
So where now?
Plan your trade, trade your plan!
THE LEVELS
Resistance is at 1671 then 1675 and then 1678/9. Above that iot can fill the gap at 1684.75.
Support is at 1663. Below that it carries on down and is a breakdown.
Good luck
Plan your trade, trade your plan!
CONCLUSION
Although with the 4 KHC+3’s I feel we can print a +3/+5/+7, I still maintain we are in a DOWNTREND.
Therefore on the pop I will look to possibly close longs and enter a short.
The ideal scenario is a +7/+10 to close the long and enter short.
Lets see where we are in the morning but limits in to close at 1677 for a 1 point profit for now.
Plan your trade, trade your plan!
Good morning Dan et all,
Still exactly the same and I still want to be BEAR BIASED for TREND DOWN.
Plan your trade, trade your plan!
THE LEVELS Resistance is at 1671 then 1675 and then 1678/9. Above that iot can fill the gap at 1684.75. Support is at 1663. Below that it carries on down and is a breakdown. Good luck
We hit a low of 1662.75 so bang on 1663. Problem is that happened when we were asleep so without limits, that could not be taken sadly.
High has been 1670.71, also bang on first resistance. Need to break that for further upside.
Plan your trade, trade your plan!
Just got back from errands. Mad start to the week for me.
Resistance now 1659.50.
There was no SYSTEM GFS as there was no gap at open.
The breakdown has happened and it remains in TREND DOWN.
This is great news for my swing shorts but I am now stuck in a lone long from yesterday.
Plan your trade, trade your plan!
When crooks Talk – give verbal Diarrhoea we can use this meter
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
1656 now resistance.
I will long if it breaks up with a stop below.
Plan your trade, trade your plan!
Long 1652.25.
Will stop out below if need be.
Crookshour here
Plan your trade, trade your plan!
LOL thought ths was 😛 :s
https://pbs.twimg.com/media/BWD6IL9CEAAz47N.jpg
rgds
Zarif
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
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