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SYSTEMS FOR TUESDAY 12TH JANUARY 2016
Hi all,
Recap ….
Intraday wise …. I banked 40 points in Spoos today.
I have 1 Long in Oil, 3 shorts in spoos & 2 swing positions in spoos open.
Onto today …
KP
None in play.KTB
We have a KTB triggered at close on 11/01/2016.
TODAY IS DAY1.KTS
We have a KTS triggered at close on 24/12/2015.
It is now negated after DAY2.SYSTEM BDIP
NONE IN PLAY.
DDUD
We have a DDUD triggered at close on 08/01/2016.
TODAY IS DAY3.SYSTEMS TRIGGERED
ESH3 ND (KHC+5)
SHOULD GET +5SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSOESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.ESH4 (KHC+5)
SHOULD GET +5/+7 AND VERY PROBABLE POSITIVE CLOSESYSTEM 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 DAYSYSTEM 70 (KHC +3)
USUALLY GIVES +3SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5ES103 (KHC+5)
USUALLY A BIG RANGE DAY WITH A POSITIVE BIAS, BUT DOES NOT CLOSE AT HIGHS OR LOWSES110 (KHC+3)
SHOULD GET A +3/ +5. GOOD CHANCE OF A POSITIVE CLOSE, POSSIBLE GAP & GO DAY.SPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSYSTEM 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 1914.25 (basis Mar)
K+3 = 1917.25
K-3 = 1911.25
Conclusion
We have 3 KHC+3, 4 KHC+5 & 1 KHC-5 SYSTEMS in play.
We have a KTB DAY1 & DDUD DAY3 in play.
Plan your trade, trade your plan!
Seems the only way is up from those systems, but back of my mind – we haven’t really had a scary low for $VOLD yet……maybe wishful thinking
That -5 system triggered again….and esl1
Even if it shoots up tomorrow I wonder if we get a decent negative print first…. There is enough volatility at the minute.
tempted to take a short here at plus 3. Maybe better to be a darpok and leave it for now!
Ktb’s have killed me before and it may be foolish to bet against it ‘especially’ given we are at or about so very long term trend lines and averages.
perhaps vold is in and we see a mad su day one day wonder before tumbling back later in the week. I am sure a scary rally will come sometime but when and from where. Also sure that we should sell it ….
I think the trendlines mentioned above put the brakes on the fall. Within a few weeks I think we’ll be decently lower still. Me saying that just made tomorrrow as a rally a no brainer.
Good night…
From a +8 to a -13 to trying for positive again.
As I said yesterday its too tough to call here for me now due to $VOLD and KTB.
Personally there were some scary moments but it did not feel like pure capitulation.
I think the KTB may take over for a bit and then we can carry on down.
The ongoing CIT is 1932 now, so above that it can rally. Until then all rallies are countertrend imo.
I certainly do not feel like longing it or shorting it here. If I had to choose it would probably be a countertrend long (but it would be closed as a 10 / 20 pointer scalp) basis the ongoing cit level
Plan your trade, trade your plan!
RUT making marginal new lows .
This morning we had a bull trap, wondering is this is now setting up to be a bear trap.
1923/5 is now the deal. Break that up and it can carry on for a bit
Plan your trade, trade your plan!
For now its turned. The question is $VOLD 50-70 pointer?
If so that will take us to 1942.75 – 1962.75
lol long live KTB DAY1.
Plan your trade, trade your plan!
From a +8 to a -13 to trying for positive again. As I said yesterday its too tough to call here for me now due to $VOLD and KTB. Personally there were some scary moments but it did not feel like pure capitulation. I think the KTB may take over for a bit and then we can carry on down. The ongoing CIT is 1932 now, so above that it can rally. Until then all rallies are countertrend imo. I certainly do not feel like longing it or shorting it here. If I had to choose it would probably be a countertrend long (but it would be closed as a 10 / 20 pointer scalp) basis the ongoing cit level
From a +8 to a -13 to trying for positive again. As I said yesterday its too tough to call here for me now due to $VOLD and KTB. Personally there were some scary moments but it did not feel like pure capitulation. I think the KTB may take over for a bit and then we can carry on down. The ongoing CIT is 1932 now, so above that it can rally. Until then all rallies are countertrend imo. I certainly do not feel like longing it or shorting it here. If I had to choose it would probably be a countertrend long (but it would be closed as a 10 / 20 pointer scalp) basis the ongoing cit level
Would have worked to have a long bias. I was uncertain so left it
Plan your trade, trade your plan!
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