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SYSTEMS FOR TUESDAY 29TH APRIL 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 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 14/04/2014.
It is now negated after DAY4.KTS
We have a KTS5 triggered at close on 04/04/2014.
It is now negated after DAY6.SYSTEM BDIP
None in play.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.ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.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 DAYSPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.SYSTEM 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 1866 (basis Jun)
K+3 = 1869
K-3 = 1863
Conclusion
We have 2 KHC+3 SYSTEMS in play.
Plan your trade, trade your plan!
SYSTEMS have KHC+3’s which are done now.
Other than that it really lost its bearish vibes with that late rally yesterday and now looks like it wants MAD UP again with that downside just being a correction of the recent rally.
Its a shame because if so, it has sucked me into 2 new shorts yesterday.
Lets see as the geopolitical news spikes can be a get out of jail card, however we cannot rely on those.
Plan your trade, trade your plan!
Kman – after your Bloomie bimbo comment had look at site yesterday read a comment about often a spike at 7pm 2 hours before market close – have a look at the daily charts when you can
Indeed Nigel, its the 6.30pm or 7.30pm move.
For now this is a losing battle playing shorts.
It wants up and up is the only way it knows.
We are up 30 points from yesterday’s lows.
Plan your trade, trade your plan!
SU level now 1871.
It looks like it can break, but lets see
Plan your trade, trade your plan!
Low was 1871.25, so its still SU sadly
Plan your trade, trade your plan!
The merlin mustard has it a down week from yesterdays peak, FWIW
The crooks are not giving away anything yet as it stands.
7.30pm now.
Plan your trade, trade your plan!
The next signal from MS will be a short.
The donkey is heading to the edge.
Plan your trade, trade your plan!
SU level now 1872.
It just does not want to break.
A break can lead to MS short which can lead to circa 1864/6 area
Plan your trade, trade your plan!
It looks like it wants to roll over but is not.
Crookstime starts at 8.30pm and that will tell us where indeed Dan in can all happen in a flash.
Plan your trade, trade your plan!
8.30pm was indeed a high. But it has a total inability to go down.
Early Warning …
SYSTEM MS CLOSES ON THE EDGE FOR A SHORT.
Plan your trade, trade your plan!
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