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SYSTEMS FOR WEDNESDAY 2ND MARCH 2016
Hi all,
Recap ….
Intraday wise …. I banked 0 points today.
I have 2 Longs in Oil, 5 shorts in spoos & 2 swing positions in spoos open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 03/02/2016.
It is now negated after DAY5.KTS
We have a KTS5 triggered at close on 23/02/2016.
TODAY IS DAY6.SYSTEM BDIP
We have a BDIP triggered at close on 16/02/2016.
It is now negated after DAY4.DAY1… We got a low of -20.50.
DAY2… We got a low of -27.50.
DAY3… We got a low of -10.25.
DAY4… We got a low of -9.00.We have a BDIP triggered at close on 16/02/2016.
IT IS NOW NEGATED AFTER DAY4.DAY1… We got a low of -7.00.
DAY2… We got a low of -14.25.
DAY3… We got a low of -18.00.
DAY4… We got a low of -4.50.DDUD
We have a DDUD triggered at close on 18/02/2016.
TODAY IS DAY9.SYSTEMS TRIGGERED
ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3SYSTEM 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 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 DAYES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSSYSTEM 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 SYSTEMSYSTEM SPX1 (KHC-3)
LITTLE UPSIDE MORE DOWNSIDE. IN THE 18 TIMES THIS HAS TRIGGERED, WE HAVE ONLY TRADED TWICE SPX >+4 AND THEY WERE THE ONLY POSITIVE CLOSES. NORMALLY GAP DOWN ON SPX, NO GAP FILL AND CLOSE NEGATIVE.SYSTEM SPX5D (KHC-3)
USUALLY DO NOT GET MUCH POSITIVE, BUT CAN BE A VERY NEGATIVE PRINT. CAN EXPECT -5,-7,-10.SYSTEM SPX7
STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWSSYSTEM SPX9
SHOULD NOT MAKE MUCH UPSIDE PROGRESS, IF LOW < -3 GOOD CHANCE OF NEGATIVE CLOSE. ANY GAP OPEN SHOULD FILL THE SAME DAY.Spoos closed at 1978 (basis Mar)
K+3 = 1981
K-3 = 1975
Conclusion
We have 1 KHC+3 & 2 KHC-3 SYSTEMS in play. Any gap up open should fill the same day as per SYSTEM SPX9.
We have a KTS5 DAY6 & DDUD DAY9 in play.
Plan your trade, trade your plan!
1979 printed.
that double bottom target from 1800 is miles higher….
The mustards closes me out today, well most. Lower than here I think so maybe not so bad.
I said on here I was too heavy last night and paid the price for breaking the greed rule.
On to tomorrow. A day short looks a reasonable bet based on systems. Time to start over. Fortunately took half my pot out at end of January so not all that bad really. Will hoover it up again on the trip back down.
SPX5D interests me but really its a longshot when they get like this.
I do not like this above 1973 and feel above this 2000 can be achieved.
I am still expecting the dip before expiry, but never expected the action yesterday in that plan.
1960/80 has to hold.
Plan your trade, trade your plan!
Now again we are in that stupid phase of “Tops are Processes”
Crooks Quad OE is March 18th
My guess is that it starts going back up the week before, lets say March 10th.
So that leaves between now and then to top out and start falling.
Which effectively means between today Wednesday and early next week to form a low by March 10th.
Plan your trade, trade your plan!
When one looks at the daily SPX it really looks horrible for BEARS.
We supported at the 10 DMA and sliced the 50 DMA straight up.
This really is the worry for me.
Plan your trade, trade your plan!
When one looks at the daily SPX it really looks horrible for BEARS. We supported at the 10 DMA and sliced the 50 DMA straight up. This really is the worry for me.
gotta have faith in the pattern where a gain on a high trin is eventually given back over subsequent days, even though your scenario may well play out later in march.
Lol – another dip to buy. Can’t watch this again – I’ll check in again @8pm. I guess……+7 by then
Lol – another dip to buy. Can’t watch this again – I’ll check in again @8pm. I guess……+7 by then
lol as late as that?
DDUD from the lows already, -10 to positive. 3.30pm low
Plan your trade, trade your plan!
When one looks at the daily SPX it really looks horrible for BEARS. We supported at the 10 DMA and sliced the 50 DMA straight up. This really is the worry for me.
gotta have faith in the pattern where a gain on a high trin is eventually given back over subsequent days, even though your scenario may well play out later in march.
I have to agree. The above is the risk.
I want to add to shorts.
SHort 1978 as I missed the highs earlier
Plan your trade, trade your plan!
MS goes short at 1976
Low was 1971.25 so thats a hit for the first target of 5 points.
Very interesting that it printed the minimum and then shot up
Plan your trade, trade your plan!
There is really no volume. Even the rally up was on so little volume.
Doomed to fail
Plan your trade, trade your plan!
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