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SYSTEMS FOR TUESDAY 23RD SEPTEMBER 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
None in play.KTS
We have a KTS5 triggered at close on 22/09/2014.
TODAY IS DAY1.SYSTEM BDIP
We have a BDIP triggered at close on 16/09/2014.
It is now negated after DAY4.DAY1… We got a low of -8.50.
DAY2… We got a low of -2.50.
DAY3… We got a low of -6.50.
DAY4… We got a low of -21.25.We have a Borderline BDIP triggered at close on 15/09/2014.
It is now negated after DAY4.DAY1… We got a low of -5.75.
DAY2… We got a low of -8.50.
DAY3… We got a low of -2.50.
DAY4… We got a low of -6.50.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.SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.ESH2 (KHC+3)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS.ES4C
ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWSSYSTEM 70 (KHC +3)
USUALLY GIVES +3SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1986.25 (basis Dec)
K+3 = 1989.25
K-3 = 1983.25
Conclusion
We have 5 KHC+3 SYSTEMS in play.
We also have a KTS5 DAY1 in play.
Plan your trade, trade your plan!
Kman
Would Mondays failure to print KHC+3 count as a SFD ?
although for the downside to start properly we needed some kind of gap and go day, just wary of upside magnet.
Yes Smashie, yesterday was an SFD day but in the scheme of things that is fine for a CIT.
However for it to be really bearish max print should be 1990 today.
Above that 1995/7 is a MUST HOLD.
I really want to run my shorts again to bank maximum I can rather than close more for 10 pointers, however we need to be very careful as for now nothing is properly confirmed to the downside and this could yet be another dipsters delight.
Plan your trade, trade your plan!
Hopefully if 2 way action is starting again, I can start going back to our standard format of posting with Opening Levels and Conclusion etc.
Looks like the KTS has printed a -5 already for its DAY1 target of -5/-7 minimum.
AFter that looks like we have 5 KHC +ve’s so a good chance any gap down will fill today.
Plan your trade, trade your plan!
Other than a CIT purely because of crooks quad OE, how can we explain this down move?
Very silly really and just shows how trading has changed.
I must catch up with that Traders TV programme which was yesterday at some point, as it may give me some ideas.
Was there anything important in it for those that watched it?
Plan your trade, trade your plan!
Long 1981.75, stop 1978.75, limit to close 1987.75.
Plan your trade, trade your plan!
I wouldn’t bother watching it Kman – other than for a bit of a laugh.
Long 1981.75, stop 1978.75, limit to close 1987.75.
Well I see I was stopped out before it went to 1988 (and would have hit my limit directly to the dot).
Oh well 3 points lost on a day I decide to scalp a plan.
and the plan was ….
Plan your trade, trade your plan!
Hopefully if 2 way action is starting again, I can start going back to our standard format of posting with Opening Levels and Conclusion etc. Looks like the KTS has printed a -5 already for its DAY1 target of -5/-7 minimum. AFter that looks like we have 5 KHC +ve’s so a good chance any gap down will fill today.
going for the gap fill and the gap filled perfect.
Shame I was not here to go again at the open
Plan your trade, trade your plan!
If this can support here ish (around 1977/8, we can rally to 1983/5 area.
They are the two areas to watch where a break can lead to a run
Plan your trade, trade your plan!
Well its up to a 7.30pm low otherwise crookshour will be the decider.
50 DMA now on SPX is 1976 and after that the 100 DMA is 1953.
These are some levels further out
Plan your trade, trade your plan!
Resistance now is 1978.50.
If that holds, crookshour should be down
Plan your trade, trade your plan!
Long 1976.50 against my shorts.
Plan your trade, trade your plan!
I wouldn’t bother watching it Kman – other than for a bit of a laugh.
Thanks for the heads up.
I was approached by a TV production company for Channel 5 to do a programme featuring me trading. So I was curious about this programme.
I declined for obvious reasons.
Plan your trade, trade your plan!
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