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SYSTEMS FOR TUESDAY 22ND OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 5 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 01/10/2013.
IT IS NOW NEGATED AFTER DAY1.KTS
We have a KTS triggered at close on 18/10/2013.
TODAY IS DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 14/10/2013.
It is now negated after DAY4.DAY1… We got a low of -14.75.
DAY2… We got a low of -1.00.
DAY3… We got a low of -7.50.
DAY4… We got a low of -0.75.We have a BDIP triggered at close on 10/10/2013.
It is now negated after DAY4.DAY1… We got a low of -12.00.
DAY2… We got a low of -18.25.
DAY3… We got a low of -14.75.
DAY4… We got a low of -1.00.DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESL3 ND
SHOULD GIVE A -3ES10
DOJI DAY WITHIN A 8 POINT RANGE AND TOWARDS -VE BIAS. ANY GAP UP OPEN SHOULD FILL THE SAME DAY.ES94
ES96A (KHC-3)
USUALLY GIVES A +3 AND A -3. DOES NOT CLOSE NEAR HIGHS OR LOWSSYSTEM 133
SPX96A
Spoos closed at 1738 (basis Dec)
K+3 = 1741
K -3 = 1735
Conclusion
We have 1 KHC-3 SYSTEMS in play.
We also have a KTS DAY2 in play.
Plan your trade, trade your plan!
Yesterday was a day where imo we did not even print the minimums I wanted.
MS DAY2 missed by 0.75. Its target was 1734.
So that target gets carried forward to Tuesday.
I managed to bank 5 points but still have the recent DAY shorts.
So what now?
Plan your trade, trade your plan!
THE LEVELS
Resistance is at 1738/40 before 1743/5. Above that madness continues
Support is at 1735. Below that it should fall to 1730 and below that we can print the open gap at 1727.75
Good luck.
Plan your trade, trade your plan!
CONCLUSION
SPX remains at the top of the daily trendline.
KAIS in on trigger to short
MS DAY 2 target is 1734.
‘The Levels’ are so import as that is our intraday guide to a first clue that we can fall
SYSTEMS are not massively bearish with just one KHC-3 but Monday was an SFD day thanks to WNER. The hope is that SFD acts as a magnet to a -7 minimum idea.
For now however TREND UP remains and until that changes they will continue to buy the dips.
Plan your trade, trade your plan!
Sadly the issue for me is that I am on my charitable day tomorrow with the work that I do in Prisons.
I say sadly because it means I am going to miss the very crook’ed delayed NFP’s release.
I wonder what fictitious numbers will get thrown up to give to the markets for that lol.
So I wish you all the very best against the crooks tomorrow.
I will have to put in lots of limit orders to close recent shorts.
Plan your trade, trade your plan!
Also the bloomie bimbo’s are getting very excited about tomorrow being “Ipad Day”.
Apple are doing a launch event tomorrow.
Plan your trade, trade your plan!
Lol IPad Day.
That solves all their problems. I wonder if they’ll sell $17 trillion worth!?
Did you know in Zambia you can be put in jail for holding US dollars…Lol
That total rubbish untradeable market is back.
The total range so far last night is 2.25 points.
How can a market move so much up (and have so much range) and then be in a 2.25 point range.
Its all algorithm and supercomputer driven and they have switch the computers off ahead of NFP’s overnight.
Next clue Europe out of which FTSE seems a little perky
Plan your trade, trade your plan!
NFP’s – more jobs =things great = market rally
less jobs = things not so great = more QE =’market rally
what to do with this short from Fri night….,
forecast 180k actual 148k, less people hired=more QE please, as unemployment not meeting fed expectation
Christ look at this load of cr*p, number were rubbish and it goes up, so much for free markets lol
Must admit fed up with this market and probably going to quit again and possiably for good.
unless kts negates, feel there is a reversal around here, expecting some kind of pullback before fomc, which will no doubt continue the theme of :
Goldman: “Weaker Than Expected” Jobs Report Means No Taper Before March
http://www.zerohedge.com/news/2013-10-22/goldman-weaker-expected-jobs-report-means-no-taper-march
What a nightmare got margin called andmost of my positions closed up at 1752 area.
I think someone upstairs is trying tell me this game is not for me 🙁
Sorry about the moan just getting it off my chest.
Right just got back. All very well doing charitable work, but very annoying when one gets back to a day like this on the markets.
NFP’s were very bad but he NO TAPER crooks loved it.
There was NO GFS.
It took off on RTH open again up.
Then opening high right in’ Early High’ and sold off all the RTH opening rally of 12 points.
Now as per TREND UP they have bought the dip yet again.
SU level never broke and is now 1746.
Plan your trade, trade your plan!
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