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SYSTEMS FOR WEDNESDAY 6TH NOVEMBER 2013
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 24/10/2013.
IT IS NOW NEGATED AFTER DAY4.KTS
We have a KTS triggered at close on 31/10/2013.
TODAY IS DAY4.SYSTEM BDIP
We have a BDIP triggered at close.
TODAY IS DAY2.DAY1… We got a low of -12.25.
DAY2…
DAY3…
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
We have NO SYSTEMS in play today.
Spoos closed at 1756.50 (basis Dec)
K+3 = 1759.50
K-3 = 1753.50
Conclusion
We have NO KHC SYSTEMS in play.
We have a BDIP DAY2 & KTS DAY4 in play.
Plan your trade, trade your plan!
Wow here we go again.
NO SYSTEMS in play and to think what that means. There are over 140 SYSTEMS developed so to have none in play means something.
This again confirms a CIT as we always seem to get NO SYSTEMS around a CIT and usually secondary high.
So with KTS/BDIP combo in play still it should be bearish but with dipsters it can be bullish. Hence a tug of war.
This is also where we can now get the final horrah so any shorts may have a short term sharp drawdwon before profits.
I will look to short 1761.75 area if I can get it.
Once normality returns I can start posting normally with the usual format. Until then not worth wasting too much time typing up lots of posts.
The key remains 1760/3 area as resistance and 1747/50 as support
Plan your trade, trade your plan!
What a waste of a day so far. I have spent all morning chasing up companies for pending nonsense.
Right we are open.
I have had no time to trade so far. I see we are above 1760/3 are now but that may be a throwover.
Lets see what GFS says
Plan your trade, trade your plan!
I am in ultra cautious mode here as really I do not like Gap Up days as they tend to be SU.
However I do feel trend has changed and hence it may sell off with KTS / BDIP.
I therefore may look to short an “early high”
Eitehr way I am not sure and I am scared it may be SU as part of a hurrah rally
Plan your trade, trade your plan!
Just as well I was scared.
NO GFS
Plan your trade, trade your plan!
Short 1768.25 basis early high idea. The high was 1670 just now
Plan your trade, trade your plan!
FTSE does not want to know, thats a good sign.
Very early days yet.
This does not look like a day that can gap fill or close negative
Plan your trade, trade your plan!
I am going to risk this one.
Stop in at breakeven at 1768.25.
At worst I lose nothing but do give up the 4 points I have on the table
Plan your trade, trade your plan!
So far so very good, so it looked mad but did reverse from an early high.
Plan your trade, trade your plan!
I do not trust them any more than this.
Closed 1768.25 short at 1761.25 for 7 points.
Plan your trade, trade your plan!
I am as sure as I can be that my stop would have been safe.
However I have no idea of the pattern and what it will do until close and how much the dipsters can bounce it, so therefore I am happy I closed for now.
If it carries on down now to a -5/-7 then I will be annoyed as I deviated from the plan (breakeven stop)
Plan your trade, trade your plan!
We may get another MS short shortly.
1762 now massive support and below that just 1760 left. Still that 1760/3 area in play.
If that can go, imo secondary high can be in although NFP’s on Friday could wreck that.
Plan your trade, trade your plan!
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