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SYSTEMS FOR MONDAY 21ST SEPTEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 4 points in spoos today.
I have 1 long in spoos, 1 short in Ftse & 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.
KTB
None in play.
KTS
We have a KTS triggered at close on 19/09/13.
TODAY IS DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 17/09/2013.
TODAY IS DAY4.DAY1… We got a low of -6.00.
DAY2… We got a low of -4.50.
DAY3… We got a low of -16.25.
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY,
SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.ES5
SHOULD GET +3,+5 BUT RARELY CLOSES AT HIGHSES 5B
CAN GIVE UPTO +5 & -5. INITIAL DIRECTION IS USUALLY A FADE.ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWSSYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.SYSTEM 70 (KHC +3)
USUALLY GIVES +3SYSTEM SPX5
Not much lower in RTH, High +4/+5, HOWEVER IF SPX GAPS DOWN OPEN IT CAN BE A SERIOUS NEGATIVE SD DAYSYSTEM SPX5B
TRENDING SYSTEM, IF SPX TRADES > -3 LOW THEN CAN GET +3/+5, IF SPX TRADES < -3 SHOULD GET -3/-5, IF HIGH TRADED IS < 3 THEN SD DAY AND CLOSE NEGATIVESYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1702.50 (basis Dec)
K+3 = 1705.50
K -3 = 1699.50
Conclusion
We have 4 KHC+3 SYSTEMS in play.
We have a KTS DAY2 & BDIP DAY4 in play.
Plan your trade, trade your plan!
Recap
Well all week last worked out very good last week upto the opening tick high on for crooks quad oe on Friday, however then rather than rally back into close, it just slid away till close in a grind down way.
The second KTS did indeed cause a cit for now but as it triggered on the eve of crooks quad oe day, for me it was impossible to put a swing short on for it.
However it was a very good week for bankings and that is all that matters. There will always be missed opportunites.
I find myself day long from Friday 1709.
So where now?
Plan your trade, trade your plan!
Although we went down on Friday, for now nothing to say the larger trend is down.
SPX support is at 1698 and then nothing to 1680 SPX ish.
Although we went down on Friday, for now nothing to say the larger trend is down.
This week is absolutely crucial for us to determine next trend.
Early signs are:
- Friday did not rally into close
- Will WNER not play out as per usual and go up?
- Whatever happens Monday, is there follow through on Tuesday
So by Tuesday we can determine the game being played.
Plan your trade, trade your plan!
The Levels
Broken support is 1710/3 and that is what it needs to get above to change the short term pattern
Resistance is at 1708 and then 1715. Above that it can rally
Support is at 1696 and then 1693 and then 1688 and then below that there is a gap target of 1682.
Good luck.
Plan your trade, trade your plan!
Conclusion
Well this week is all about seeing the initial action.
Was Friday the start of a CIT? WIll it grind out into a topping process or will it do the usual and a short sharp fall and then up to new highs?
First of all we need to watch and respect resistances and supports. SPX 1698/1700 is a KEY as well as the ES levels above
We need to see if Monday is a WNER or follow through from Fridays selling?
So for now I remain SWING SHORT and 1 position DAY LONG from Friday at 1709.
As it stands it does not look good but we shall see.
No new positions until tomorrow RTH at the earliest as a guess.
Plan your trade, trade your plan!
Do you guys get an email alert when I started this thread or did you need to subscribe to the new thread to get them?
Plan your trade, trade your plan!
Thank you so much smashie for that.
so it seems like you are not alerted to new threads, however once you subscribe to a thread, you will be alerted to all new posts.
I could enable a setting where when a new thread is created you would all get an email.
That would probably cause email overload though
Plan your trade, trade your plan!
Good morning….
That’s a good idea for daily threads….
Or else can I change my password to something easier to remember…lol
Dan.
Ofcourse you can Dan, just click on your name where it is clickable or where it says “Howdy Mauritius” on the top right, click that and then edit your profile.
I can add names individually to update them when any new threads re posted in individual forums. I will add yours and whoever wants that also.
Please let me know whoever else wants that.
Plan your trade, trade your plan!
Good morning all,
Looks like the high so far is +4.25 vs the +3/+5 bias from the 4 KHC’s.
Lets see where it is near open, if there is a gap, if it fills and if it supports.
All these are going to be massive clues at this juncture
Plan your trade, trade your plan!
Well once again the KTS gave a pop and drop and working true to form despite WNER day.
Todays game will be all about the gap and reaction to the gap.
Plan your trade, trade your plan!
Much that I am so keen to long for WNER here at the 1700 roundie, I just cannot add to a long from Friday at this juncture. It is a gamble
Plan your trade, trade your plan!
Quick gap fill at open and reacted down off it.
This looks bearish. Lets see if it can form an early low and see if it supports at the LEVELS
Plan your trade, trade your plan!
The Levels Broken support is 1710/3 and that is what it needs to get above to change the short term pattern Resistance is at 1708 and then 1715. Above that it can rally Support is at 1696 and then 1693 and then 1688 and then below that there is a gap target of 1682. Good luck.
At 1696 now.
More important for me is SPX 1698/1700, so that would take us to the ES 1693 as above.
If these do not hold, it could get ugly.
Plan your trade, trade your plan!
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