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SYSTEMS FOR TUESDAY 25TH FEBRUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse, 17 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB triggered at close on 05/02/2014.
It is now negated after DAY3.KTS
We have a KTS triggered at close on 10/02/2014.
TODAY IS DAY10.SYSTEM BDIP
We have a BDIP triggered at close on 20/02/2014.
TODAY IS DAY3.DAY1… We got a low of -3.25.
DAY2… We got a low of -5.00.
DAY3…
DAY4…DDUD
None in play.SYSTEMS TRIGGERED
SYSTEM ESF
CAN BE A TRENDING DAY. IF NO +3 AND THEN IT TRADES <-4, IT CAN THEN TREND DOWN. LIKEWISE IF NO -3 AND THEN IT TRADES >+4, IT CAN THEN TREND UP.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 DAYESH10
CHANCE OF +3/+5, IF IT GOES FOR LOWS IT SHOULD NOT CLOSE AT LOWS. HOWEVER COULD BE A VERY BIG RANGE DAY.SYSTEM 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 DAYSYSTEMSPXH1
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 SYSTEMSPX4A
Spoos closed at 1846 (basis Mar)
K+3 = 1849
K-3 = 1843
Conclusion
We have NO KHC SYSTEMS in play.
We also have a BDIP DAY3 & KTS DAY10 in play.
Plan your trade, trade your plan!
No KHC’s in play.
No new BDIP.
That was a lovely fall yesterday late in crookshour (I missed it).
It all depends on follow through tomorrow.
For now I feel we should test 1851 if not 1853/5. A restest of that can get me short.
Sadly I am still in “wait for the trade” mode as there is nothing conclusive to say MAD MODE is over.
Plan your trade, trade your plan!
No KHC’s in play. No new BDIP. That was a lovely fall yesterday late in crookshour (I missed it). It all depends on follow through tomorrow. For now I feel we should test 1851 if not 1853/5. A restest of that can get me short. Sadly I am still in “wait for the trade” mode as there is nothing conclusive to say MAD MODE is over.
Right now that open is over, there is still nothing clear.
Amazing that we tested 1851 to the dot from 1837.25.
On balance I do not feel inclined to short this and feel it can grind / go higher.
Shame there is no safe trade but got to play conservative until there is
Plan your trade, trade your plan!
If this can clear 1847 resistance then it can get back to 1851 but more like 1853/5/
Plan your trade, trade your plan!
Still no sign we will get a new BDIP at close
Plan your trade, trade your plan!
Very short term the support is 1838 ES Dan.
Below 1835 on SPX and it can fall good and proper
Plan your trade, trade your plan!
might not be a good idea to be short on thursday 27th as Yellen’s yellin’ at the senate :
http://www.reuters.com/article/2014/02/20/us-usa-fed-yellen-idUSBREA1J1J820140220
everytime she opens her trap, bears get taken to the woodshed it seems
Must have shrunk by a foot since Alan was last in office then ?
http://knowmore.washingtonpost.com/2013/10/11/fed-chairs-height-is-reaching-the-zero-lower-bound/
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