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SYSTEMS FOR WEDNESDAY 16TH APRIL 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse, 16 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.
TODAY IS DAY2.KTS
We have a KTS5 triggered at close on 04/04/2014.
It is now negated after DAY6.SYSTEM BDIP
We have a BDIP triggered at close on 14/04/2014.
TODAY IS DAY2.DAY1… We got a low of -15.25.
DAY2…
DAY3…
DAY4…DDUD
None in play.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSOESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAYESL2
USUALLY GIVES -4/-7SYSTEM 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 1839.50 (basis Jun)
K+3 = 1842.50
K-3 = 1836.50
Conclusion
We have 1 KHC+5 SYSTEMS in play.
We also have a KTB2 DAY2 & BDIP DAY2 in play.
Plan your trade, trade your plan!
They did Smashie and I missed all of it as my PC was rebuilding. Above 1837 ES and its on fire. 1847 to 1853 is pretty major SPX resistance, so lets see how much it bounces
Well its above 1837.
We are in that 1847/53 zone on SPX also.
As for now I am not shorting it. I will see nearer open.
Plan your trade, trade your plan!
good great fantastic!
Decided not to short as per earlier post and it paid off.
Tempted to short 1850/3 area ES. I will post if I do
Plan your trade, trade your plan!
aaarrgghhhh high was 1850.25 then.
I did not react to it fast enough as I wanted it higher.
Plan your trade, trade your plan!
shorted opening pop , think we see your 1837 later kman?
made 7 handles- not complaining
Well done Smashie.
The opening tick short worked again but no followthough or no gap fill
Plan your trade, trade your plan!
Frankly its back at my 1850/3 area.
It looks on fire which means it probably is on fire.
However a plan is a plan.
Short 1852.
Plan your trade, trade your plan!
High so far is bang on 1853, after I posted the plan.
Plan your trade, trade your plan!
lol and “on fire” indeed.
They have a screw loose.
I am quite happy although not sure it can be a 10 pointer or do I need to bail at -5 or so tomorrow.
I will let the SYSTEMS dictate but with a GFS failure, tomorrow can indeed be a -5/-7 as it stands
Although we have got Easter pollux and then Easter WNER to contend with but I just have a sneaky feeling this is just sucking in bulls and throwing out all bears.
Having said that we did get my 70 point retrace from the 1900 SPX roundie undershoot, so maybe the bear is over?
Tough call and until we know the next main plan, got to be very careful not to overtrade
Plan your trade, trade your plan!
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