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SYSTEMS FOR WEDNESDAY 23RD OCTOBER 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 01/10/2013.
IT IS NOW NEGATED AFTER DAY1.KTS
We have a KTS triggered at close on 18/10/2013.
TODAY IS DAY3.SYSTEM BDIP
We have a BDIP triggered at close on 14/10/2013.
It is now negated after DAY4.DAY1… We got a low of -14.75.
DAY2… We got a low of -1.00.
DAY3… We got a low of -7.50.
DAY4… We got a low of -0.75.We have a BDIP triggered at close on 10/10/2013.
It is now negated after DAY4.DAY1… We got a low of -12.00.
DAY2… We got a low of -18.25.
DAY3… We got a low of -14.75.
DAY4… We got a low of -1.00.DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESH
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 DAYSYSTEM 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 DAYES95
ES96B
SYSTEM 134
SPX96B
Spoos closed at 1749.50 (basis Dec)
K+3 = 1752.50
K -3 = 1746.50
Conclusion
We have NO KHC SYSTEMS in play.
We also have a KTS DAY3 in play.
Plan your trade, trade your plan!
I was out yesterday and missed any opportunity to trade so banked 0 points.
I do however have a collection of DAY SHORTS that need to be offloaded.
It missed my first limits by 0.50 points whilst I was out and by the time I got back it was too late.
So where now?
Plan your trade, trade your plan!
Well MS DAY4 target remains at 1734 having missed it 2 days in a row by a small margin.
TRIN remains high
KTS remains on
KAIS remains on trigger to go short.
MS Donkey closed on the edge.
COMBINED SYSTEMS suggest a -5/-7 but sadly again with TREND UP the dipsters can be active.
I posted Tuesday evening that I remain convinced we see 1740/3 as a next move.
Plan your trade, trade your plan!
THE LEVELS
Resistance is at 1755/7. Above that madness continues.
Support is at 1747 and below that loads of pockets of support due to the grind. Below circa 1741 it can fall and fill the open gap below at 1737.75. The MS target remains at 1734.
Good luck
Plan your trade, trade your plan!
CONCLUSION
The above is pretty conclusive for a move to 1740/3 on Wednesday.
Problem is in MAD MODE QE PUMP TREND UP its very difficult to short it.
If it ramps up again I will definitely short it.
As it stands, I will have to contend with small profits on recent shorts, as I cannot afford to add any more as I am already over leveraged.
Plan your trade, trade your plan!
Well MS DAY4 target remains at 1734 having missed it 2 days in a row by a small margin. TRIN remains high KTS remains on KAIS remains on trigger to go short. MS Donkey closed on the edge. COMBINED SYSTEMS suggest a -5/-7 but sadly again with TREND UP the dipsters can be active. I posted Tuesday evening that I remain convinced we see 1740/3 as a next move.
Absolutely spot on. I used the words “remain convinced”. It is about the strongest language I can use.
Low so far 1739.75, but have been between that and 743 for the last hour.
Two things stand out here to me ….
Plan your trade, trade your plan!
Firstly is this from yesterday, when I mentioned I wanted to short near close …
If I was to short again, it would be here at 1751.75. DIYD DIYD and all that
Secondly the fact that Nigel longed and called the mini top. That is just mad how that happens.
Plan your trade, trade your plan!
Once again it took whole day supporting at the SU level yesterday and then ran out of time.
The next new day, that level means zero and its a completely different game.
Plan your trade, trade your plan!
As of yet NO GFS.
The pattern all though this has been dips have been bought.
A retrace is due, but nevertheless now we are at the minimum 1740/3 area, it can be perky onwards and upwards.
All the SYSTEMS todays have done their job inc. MS Donkey on the edge with this gap down open.
Plan your trade, trade your plan!
Thats one limit hit for 3 points finally.
My 1739 short closed at 1736 for 3 points.
Plan your trade, trade your plan!
I so nearly longed there also.
Next closest is 1735 with the same limits but may close that at MS target
Plan your trade, trade your plan!
The low so far 1734.50, so its missed MS target by 0.50 points today.
These mustard dispters are lethal.
So far though it is intraday bearish and NO GFS is keeping it from filling todays gap.
Resistance is at 1741.50 (which is bang on the 1740/3 area) and intraday CIT is at 1743.50.
So long as it can stay below those, we get a chance of downside
Plan your trade, trade your plan!
High again 1741.50 and acted as resistance.
Today seems a super scalping day but the recent antics by the crooks have left me on the defensive and playing safe.
I will be very happy to close recent positions in profit.
Plan your trade, trade your plan!
So far still below SD level and intraday CIT level but not making any downside progress sadly.
This is the thing about QE TREND UP.
SU days were tearaway up days.
SD days just zoom down and then sideways.
The hope is crookshour sends it down, but above intraday cit level it will be bullish again
Plan your trade, trade your plan!
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