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SYSTEMS FOR WEDNESDAY 22ND OCTOBER 2014
Hi all,
Recap ….
Intraday wise …. I banked 33 points in ES today.
I have 1 long in oil, 7 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 14/10/2014.
TODAY IS DAY6.KTS
We have a KTS5 triggered at close on 25/09/2014.
It is now negated after DAY1.SYSTEM BDIP
None in play.
DDUD
We have a DDUD Season triggered at close on 02/10/2014.
TODAY IS DAY14.SYSTEMS TRIGGERED
ESL5 ND (KHC-5)
ESHB
ESL6
SHOULD GET GOOD NEGATIVE PRINT, COULD GAP DOWN OPEN, COULD CLOSE NEGATIVE.ES8B
SYSTEM 70 (KHC +3)
USUALLY GIVES +3SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.ES96
UPSIDE USUALLY CONTAINED TO A +3, ANYMORE IS UNSUSTAINABLE, USUALLY GIVES -3 AS A MINIMUMSYSTEM 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 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.SPX96A
Spoos closed at 1938.25 (basis Dec)
K+3 = 1941.25
K-3 = 1935.25
Conclusion
We have 2 KHC+3 & 1 KHC-5 SYSTEMS in play.
We also have A KTB2 DAY6 & DDUD Season DAY14 in play.
Plan your trade, trade your plan!
Yes Dan, NPR also and MS donkey on the edge
Plan your trade, trade your plan!
ESL6 looks very promising, but really I am not sure. They seem in max “screw the bears” mode and hence really do not want to add to shorts yet.
If we gap up tomorrow I may add for the fill (basis donkey on the edge)
If we gap down tomorrow, despite ESL6, the dipsters are active and they may buy.
Happy to wait for a signal and if I miss it, I have shorts from lower down that will increase my balance
Plan your trade, trade your plan!
I think it cannot personally Smashie. NPR implies todays gap fills within 2 days.
Only way will be if a KTS triggers at Wednesdays close and DDUD season negates.
Maybe this is just too much too fast and in this volatility we get some fast downside to fill the gap, but for now I cannot play any hunch. I did that earlier and closed my long near the +30 and now its +40.
Plan your trade, trade your plan!
Does $vold negate as such or not? As I understand it is a trigger but without a point at which it negates. I realise it has a target, but that’s not the same as negating.
Nearly printed -5 but not quite….
see if we have another run at it. I was thinking a move to 1928/30 zone which acted as a bit of a resistance on the way up yesterday.
silver down this morning. 🙁
Good morning all,
You are right Dan, $VOLD does not negate as a SYSTEM, it just has the virtues of tell us we are within days of a spike bottom for a rally of 70 points minumum and 130 points ish maximum rally.
As for this, there seems to be a mad 10 pointer ish spike up at 6am our time and then back down.
Now it looks like basing around here having printed a -4.75
Plan your trade, trade your plan!
Closed last nights short for 2 handles, but got nicely distracted by my son just as it touched -5. I can forgive him 1.25 points I think…. 🙂
flat again. I feel we ‘could’ be in minimums to downside mode whilst KTB etc still in force.
esl6 and ms donkey are tempting to hold short but I think $vold and KTB have more strength.
lets see??? probably close -60 now I wrote that!
Another day where I will be very busy as its our equivalent of Diwali
Its all about seeing weakness and the crooks selling into weakness.
1920/3 is the support to break for now.
Will be gap down re: MS donkey on the edge?
Will that gap act as support / resistance?
See you guys later
Plan your trade, trade your plan!
Dan, well done mate. You stayed out in all the pollux and banked the scraps on offer.
Plan your trade, trade your plan!
Cheers Kman,
‘Prisoner Release Day’. – careful who you let out!! :p
enjoy!!
Dan.
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