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SYSTEMS FOR WEDNESDAY 4TH MARCH 2015
Hi all,
Recap ….
Intraday wise …. I banked 0 points in ES today.
I have 2 longs in oil, 4 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 02/02/2015.
It is now negated after DAY11.KTS
We have a KTS2 triggered at close on 18/02/2015.
Today is DAY10.SYSTEM BDIP
We have a BDIP triggered at close on 17/02/2015.
It is now negated after DAY4.DAY1… We got a low of -7.25.
DAY2… We got a low of -8.25.
DAY3… We got a low of -13.00.
DAY4… We got a low of -7.50.DDUD
We have a DDUD season triggered at close on 29/01/2015.
It is now negated after DAY16.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.ES4 (KHC+3)
ES110 (KHC+3)
SHOULD GET A +3/ +5. GOOD CHANCE OF A POSITIVE CLOSE, POSSIBLE GAP & GO DAY.Spoos closed at 2104.75 (basis Mar)
K+3 = 2107.75
K-3 = 2101.75
Conclusion
We have 3 KHC+3 SYSTEMS in play.
We have a KTS2 DAY10 in play.
Plan your trade, trade your plan!
Still no breakdown of the intraday supports so still too early to say if this is a breakdown or a consolidation for more up.
It is all about breaking the 2000 roundie down for ES and SPX.
ALternatively if we can have some sort of SYSTEM FAILURE/s, that would be indicative also.
Anythign that can break the current SU GRIND pattern will give us a clue to plan further out
Until then I remain short most recently from 2009 (which once again is tempting to close here basis the KHC +ve’s)
Plan your trade, trade your plan!
We printed a -10.50 low, which is fantastic but now its -9 so it is still not holding the lows and attracting dipsters.
Low was 2085.25 vs the 2080 potential target below 2100.
I had 24 points profit in my short but sadly was not here to close it. That is a big shame as it missed my limits at 2083.25 also.
Lets see what happens but imo, Bears are blowing their chances daily, which usually means more up coming
Plan your trade, trade your plan!
High was 2099.75 whcih is good if its a backtest of 2100. However, is it?
Plan your trade, trade your plan!
I have taken 2097 to back 12 points on my 2109 short.
Maybe spooked and shaken out, no idea, but the fact that the downside is not sticking worries me ahead of NFP’s and I would rather bank 12 points on the short that be caught in a mad rally.
This 12 points comes after banking 19.50 points on the swing long where I reverse short.
Plan your trade, trade your plan!
2100 remains resistance and only below 2094 can be bearish again
Plan your trade, trade your plan!
Sorry Smashie, I thought it was posted above.
NO GFS
Plan your trade, trade your plan!
ECB rate decision tomorrow. It’s not about the rates but more about Draghi talking about QE yet again.
The only way certainly seems to be up
Plan your trade, trade your plan!
<div class=”d4p-bbt-quote-title”>Khalsa wrote:</div>
lol Smashie, not currently mate, more a fan of the Titanic as it stands. However this mustard as it stands is in one of those SU Grind modes that is unshortable. Looks like a drop as it stands so the fear now is a drop and pop (ie SU grind). I am losing 2.50 points on my short here, I am almost tempted to cut it.,
WD kman, you got the first bit right, now do we get a pop into friday or a scary low down to 2080’s..
Well we got the sell-off before NFP’s and the scary low, far as I’m concerned that’s the minimum done in this bull mode.
All good Smashie.
As long as we make money, all happy.
Plan your trade, trade your plan!
Yep
just as the bears get all excited, the bulls set up the next trap, looking like a cup-and-handle on the 5min, GFS got yesterday right, will it survive today’s call ?
Lets see, so far so good Smashie.
Right just gone long at 2096.50.
I just feel with ECB and then NFP’s its the place to be.
It is risky for sure and with it against my underwater SWING SHORTS, I am not too fussed if I get it wrong.
Plan your trade, trade your plan!
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