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SYSTEMS FOR THURSDAY 19TH SEPTEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 3 points in spoos today.
I have 1 short in Ftse & 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.
KTB
We have a KTB triggered at close on 29/08/2013.
It is now negated after DAY3.KTS
We have a KTS2 triggered at close on 12/09/13.
This has been negated on DAY2.SYSTEM BDIP
We have a BDIP triggered at close on 17/09/2013.
TODAY IS DAY2.DAY1… We got a low of -6.00.
DAY2…
DAY3…
DAY4…DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3ESH
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 DAY
ESL2
USUALLY GIVES -4/-7SYSTEM 80
USUALLY GET -3. IF IT GAPS UP OPEN, THEN USUALLY NOT MUCH DOWNSIDE PAST -3 AND CAN CLOSE +VE. USUALLY DOES NOT CLOSE AT HIGHS. SMALL CHANCE OF BEING A DDDD DAYSYSTEM 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 SYSTEMSPX96 (KHC-3)
MORE DOWNSIDE THAN UPSIDE, NORMALLY GIVES A MINIMUM OF -3 BUT OFTEN GIVES -5,-7, GOOD CHANCE OF -VE CLOSE, CHANCE OF A GAP DOWN OPEN, THEN TRENDING DOWN DAY, UPSIDE NOT VERY SUSTAINABLE ,NEVER CLOSED > 6.38 AND THAT WAS AN EXCEPTION.Spoos closed at 1718 (basis Dec)
K+3 = 1721
K -3 = 1715
Conclusion
We have 1 KHC-3 SYSTEMS in play.
We have a BDIP DAY2 in play.
Plan your trade, trade your plan!
Well what a day.
Conclusion was basis at best BDIP -5/-7. We got a -6 in the end and then the FED came out and it just flew. I missed that part as I was not here.
I have no complaints with it though as it was ‘perky’ and ‘onwards and upwards’ and we did get the minimum print I wanted of a -5/-7.
All shorts were scalps.
Plan your trade, trade your plan!
So where now?
Crooks quad oe on Friday.
It still remains in MAD MODE with new highs for the indices.
So for now its exactly the same bias and we are on alert for a 2nd KTS which my guess should be a short term top if it has some BDIP’s in play also.
Plan your trade, trade your plan!
The Levels
Very hard to give resistance levels when its a break up like this.
Support to break is 1710/13 (resistance break up level from yesterday). If that supports it can carry on up for now.
Good luck
Plan your trade, trade your plan!
Conclusion
Well all I can say is the daily bias of “onwards and upwards” should have saved us from getting caught short in this runaway market.
Like Tuesday I will be more than happy to short a +3/+5. If I get that to short tomorrow I will again.
Basis for that is the KHC-3 SYSTEM in play and SYSTEMS in general seem bearish biased.
Other than that a swing short will happen when we get the next KTS imo.
Lets see
Plan your trade, trade your plan!
I have switched to the new contract for pricing tonight and in all future posts. December ES
Plan your trade, trade your plan!
DAX looks overcooked. I think its a short here for a quick 20 points tomorrow.
Short DAX 8743.8 and limits in for 20 points to close
Plan your trade, trade your plan!
Ecodata in UK hrs –
SPOOS S2L day
Ameera Birthday
and lol me Off Nottingham Drop Tanzilla for UNIVersity start
Good Luck to us all
rgds
zarif
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Good morning all,
Totally mad but am backing my plan.
Short 1722.25 basis the +5
Plan your trade, trade your plan!
DAX looks overcooked. I think its a short here for a quick 20 points tomorrow. Short DAX 8743.8 and limits in for 20 points to close
Truly blessed. Limits hit for 20 points at open.
Yeehaa
Plan your trade, trade your plan!
Personally I think we can print lower but limits to close at 1718.25 basis gap fill.
Plan your trade, trade your plan!
Short FTSE 6650.7 also now. Same limits in for 20 points.
Plan your trade, trade your plan!
This is on a crooks quad oe mission.
DAX / FTSE does not want to know
I hate to think where expiry will be but I am staying firm now with these 2 shorts and even happy to add to them if need be
Plan your trade, trade your plan!
Despite crooks oe, I will short this again today, I will play a game I have not played at all in recent time.
I will add to shorts.
Tempted to add now at 1725.50, but going to wait to see if it spikes up on the jobless numbers due shortly and add then.
Plan your trade, trade your plan!
Sometime soon there maybe an outage to this place when I move http://www.khalsaspad.com/wp to http://www.khalsaspad.com.
The old Khalsaspad will move to http://www.khalsaspad.com/old
Plan your trade, trade your plan!
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