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SYSTEMS FOR WEDNESDAY 22ND JANUARY 2014
Hi all,
Recap ….
Intraday wise …. I banked 0 points in spoos today.
I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 14/01/2014.
TODAY IS DAY5.KTS
We have a KTS5 triggered at close on 02/01/2014.
It is now negated after DAY8.SYSTEM BDIP
We have a BDIP triggered at close on 14/01/2014.
It is now negated after DAY4.DAY1… We got a low of -1.50.
DAY2… We got a low of -7.00.
DAY3… We got a low of -7.00.
DAY4… We got a low of -8.00.DDUD
None in play.SYSTEMS TRIGGERED
SYSTEM 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 DAYSYSTEM SPXF
MORE CHANCE OF A +3 THAN A -3. IF SPX GAPS DOWN THEN IT USUALLY NEGATES THE POSITIVE CALL AND CAN BE A NEGATIVE SYSTEMSYSTEM 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 1838.50 (basis Mar)
K+3 = 1841.50
K-3 = 1835.50
Conclusion
We have NO KHC SYSTEMS in play.
We have a KTB2 DAY5 in play.
Plan your trade, trade your plan!
Come on KTB, go away!
Having missed yesterdays action, I am over it now.
We closed right on resistance at 1836 and after this it is back to 1841 and then 1844/6 area.
Support is at 1835 and below that it can try and fall.
Ideally for me this needs to fall tomorrow to avoid looking bullish again.
I will happily close my 9551.50 DAX for 30-50 points.
Plan your trade, trade your plan!
Very frustrating that still one cannot predict direction but that has been the right thing and I feel vindicated by the fact it has not trended.
Plan your trade, trade your plan!
That is very annoyiong. I have had 8 points or so many times in DAX but just closed at 9749 for 2.50 points profit.
I am not sure about ES as we hit 1836 (vs 1835 support) overnight.
SO I played safe and did not risk converting a profit into a loss.
DIYD DIYD?
Plan your trade, trade your plan!
Double aaaarrrrg. I’m away and 5 hours behind uk time. Got in at midnight (5am uk) and talked myself out of shorting 1843 as only gut feeling. Wake to see it back down
Sorry to hear that Qman.
Atleast like me it made a mug out of us without us losing dosh. That is a saving grace
Now it looks back up again so dare not short
Plan your trade, trade your plan!
Opening pop and drop.
Gap fill is at 1838.50 which is support.
Main support below that at 1836.25. Globex low is at 1834.75.
So for me that 1835/6 is the area it needs to support
Plan your trade, trade your plan!
Opening pop and drop. Gap fill is at 1838.50 which is support. Main support below that at 1836.25. Globex low is at 1834.75. So for me that 1835/6 is the area it needs to support
Low was 1836.25 to the dot. That suggests onwards and upwards for now.
Plan your trade, trade your plan!
So annoyed I missed yesterday and am here today for this rubbish.
Low was 1835 then bang on 1835/6 support.
Plan your trade, trade your plan!
Come on KTB, go away! Having missed yesterdays action, I am over it now. We closed right on resistance at 1836 and after this it is back to 1841 and then 1844/6 area. Support is at 1835 and below that it can try and fall. Ideally for me this needs to fall tomorrow to avoid looking bullish again. I will happily close my 9551.50 DAX for 30-50 points.
Well support was support, I was too scared to long it there.
Now we look at 1841 which is where we are now and then 1844/6 where I can short even though if that breaks its 1860 before a big move down imo
Plan your trade, trade your plan!
Longed DOW cash @16340. Too unsure to go with ES long. Ever considered a system to pick the rally out of Euro close Kman?
<div class=”d4p-bbt-quote-title”>Khalsa wrote:</div>
Opening pop and drop. Gap fill is at 1838.50 which is support. Main support below that at 1836.25. Globex low is at 1834.75. So for me that 1835/6 is the area it needs to supportLow was 1836.25 to the dot. That suggests onwards and upwards for now.
A new high could come with the FOMC meeting next week..
Ah man, I got to do something.
It is a trading range and we are fearing a breakout and hence not trading.
Problem is it is easier to short than long and yet its more perky than the risk of down
Plan your trade, trade your plan!
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