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SYSTEMS FOR WEDNESDAY 30TH OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked -4 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 24/10/2013.
TODAY IS DAY4.KTS
We have a KTS triggered at close on 18/10/2013.
It is now negated after DAY4.SYSTEM BDIP
None in play.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 DAYES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWSES90
DOWNSIDE SHOULD BE MORE THAN UPSIDE. USUALLY PRINTS LITTLE POSITIVE AND NEGATIVE CAN BE -5, -7. HIGHS SHOULD BE CONTAINED WITHIN +6 AND GOOD CHANCE OF A NEGATIVE CLOSE.ES96A (KHC-3)
USUALLY GIVES A +3 AND A -3. DOES NOT CLOSE NEAR HIGHS OR LOWSSYSTEM 139
SYSTEM SPX3
SHOULD GET -3/-5. IF SPX TRADES < +3 HIGH THEN CHANCE OF TRENDING DOWNSPX 10B (KHC-3)
CHANCE OF BOTH +3 AND -3 BUT VERY GOOD CHANCE OF -3. DOES NOT CLOSE AT HIGHSSPX20
SPX96A
Spoos closed at 1768.50 (basis Dec)
K+3 = 1771.50
K -3 = 1765.50
Conclusion
We have 2 KHC-3 SYSTEMS in play.
We also have a KTB2 DAY4 in play.
Plan your trade, trade your plan!
I have very little to add.
MAD MODE SU TREND CONTINUES.
KT THREAD APPLIES EVEN MORE
SYSTEMS have KHC-3’s but on its own means little other than a -3/-5 and then dipsters delight.
Plan is on for a FOMC high.
All I can say is either I will be right or wrong and lets see which.
For now it needs to still break SU and intraday CIT levels to become day bearish and is still not managing to do so.
Even with Apple disappointing and down -$13 today, it still wants up
Plan your trade, trade your plan!
Good morning!
well the ktb is doing it again. Can not be ignored.
Staying away for now but watching…. :p
Dan.
Here are all the posts re: 1770 SPX and 1800 SPX targets for XMAS rally.
http://khalsaspad.com/forums/search/1800+SPX/
They make interesting reading in that although 1770 SPX was expected, it was not expected in a straight line.
1800 SPX was for XMAS (which is 2 months away).
So now we have done 177x.x SPX will we retrace and does it all tie in with KT thread.
The more vicious it looks and the more nasty up it looks today, the more I feel it will be a top and can retrace.
The problem is the FED spike. Will it / won’t it happen?
Its all very well having a plan like this, but catching tops always has been a mugs game.
Plan your trade, trade your plan!
Good morning Dan.
I have to agree with you, but sadly I ignored the KTB as it triggered at highs on a breakout.
Its all over to the FED now.
Plan your trade, trade your plan!
In the end it fell from its high horse of a +5 now to gap fill.
ALl over to FOMC
Plan your trade, trade your plan!
Here we go again.
SU level is 1765.75.
Below 1763 it can start to fall.
Plan your trade, trade your plan!
Just stuck at the SU level now since open.
Remains ongoing day SU until that breaks.
Plan your trade, trade your plan!
KHC negatives have printed a -3 and about to print a -5.
SU level is broken.
This should give a target of 1759 once 1763 breaks down.
We have printed a DDDD (-10). KT thread expects a double DDDD.
Will today be the day?
FOMC still the main deal
Plan your trade, trade your plan!
Very dodgy for me to do so sadly Qman. If you are just in this short then fine. My style really relies on daily bankings and recently they have been rare so really I have to close to release margin for the underwater ones that I am running.
Closest MS target is 1745.50.
Besides if KT thread has got this right then we can top out any time around this FOMC.
We have FED in 15 minutes.
In hope that helps answer to your question, but the risk of running a short on a FED day is immense.
Plan your trade, trade your plan!
YEEHAA we print the double DDDD (-20 or more from the high) exactly as per plan of KT thread
CLosed 1764.25 short at 1753 for 11.25 points.
Plan your trade, trade your plan!
I really do not want to do anything silly now so am going to take the family out now to the cinema with my winnings.
My next closest short is 1749.50 and limits in to close that at the MS target 1745.50 (my limits are at a undershoot of it)
Plan your trade, trade your plan!
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