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SYSTEMS FOR TUESDAY 24TH SEPTEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 2.25 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 DAY3.SYSTEM BDIP
We have a BDIP triggered at close on 17/09/2013.
It is now negated after 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… We got a low of -14.25.DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
ESH1 NEXT DAY (KHC+3) USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.
ES 5C NEXT DAY (KHC+3) SHOULD GIVE A +3
ESA2 (KHC+3)
VERY GOOD CHANCE OF +3,+5,+7 MAY BE +10, RARELY CLOSES AT HIGHS, CAN COME VIA A -3ESH2 (KHC+3)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS.ES13 (KHC+3)
SHOULD GET A +3. CAN ALSO GET A GOOD NEGATIVE PRINT-3, -5, -7SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSpoos closed at 1692.50 (basis Dec)
K+3 = 1695.50
K -3 = 1689.50
Conclusion
We have 5 KHC+3 SYSTEMS in play.
We have a KTS DAY3 in play.
Plan your trade, trade your plan!
A tough day for the pad yesterday for sure.
There was no WNER.
KTS DAY2 worked very well
The three trades I did were spooks but still managed to net a profit of 2.25 points.
The two I did not do would have given their 3 point targets PDQ.
So where now?
Plan your trade, trade your plan!
The Levels
Resistance is 1697/8 and only above that can it rally.
Support is 1688/90 and below that it can continue its fall to a 167x.x print.
Plan your trade, trade your plan!
Conclusion
There are 5 KHC+3’s so we should print a +3/+5 today
SPX below 1698 is a total danger sign going forward. It supported intraday there and has closed at 1701.84
Whilst we continue to work out if the overall TREND is still up or if it is down, I will continue with intraday scalping only.
Ideally I should long overnight for the +3/+5 but frankly it is too dangerous in the current market.
Probably be a DIYD DIYD, but there you go.
Plan your trade, trade your plan!
The Levels Resistance is 1697/8 and only above that can it rally. Support is 1688/90 and below that it can continue its fall to a 167x.x print.
We have hit 1689.50 out of the support. It Should now head towards 1697/8
Plan your trade, trade your plan!
Right or wrong, I have longed 1692 for some upside.
If we are in TREND DOWN it will be another tough day for longs.
Plan your trade, trade your plan!
The market is back to that very dangerous phase where as soon as one places a trade, it goes out.
As I am very much SWING SHORT I am happy to stay very slightly long here (in comparison to shorts)
Plan your trade, trade your plan!
To my eye that’s 5 waves down ,may or may not gapfill below, so we have a potential change of trend (EW) consistent with the KTS and confirms TREND down imo, all we need now is a rally to any of the resistance points above and maybe even a double top with EOM window dressing around the corner into 1st week of Oct, for a reload.
Closed 1692 long at 1697.25 for 5.25 points.
Plan your trade, trade your plan!
The Levels Resistance is 1697/8 and only above that can it rally. Support is 1688/90 and below that it can continue its fall to a 167x.x print.
Lovely when it works so well.
Low was 1697.50 and we have been stuck at this 1697/8 area for the last 2 hours
Plan your trade, trade your plan!
1703 is next main resistance. Above that it can rally again
Plan your trade, trade your plan!
I am so glad I did not spook, take loss and dither from the plan today.
All those KHC +ve’s have done the trick and are making up for all the recent nonsense.
The recent days have been SD and now we are SU.
1696.25/97 is the support and 1703 the resistance.
As always crookshour will be the decider when supports and resistances can be sliced and diced
Plan your trade, trade your plan!
To my eye that’s 5 waves down ,may or may not gapfill below, so we have a potential change of trend (EW) consistent with the KTS and confirms TREND down imo, all we need now is a rally to any of the resistance points above and maybe even a double top with EOM window dressing around the corner into 1st week of Oct, for a reload.
I am so tempted to short 1702/3 area but as you say enough tripwires coming up
Maybe should just be content with banking points daily and todays 5.25 points certainly makes me in no hurry to give some back
Plan your trade, trade your plan!
High was 1701 then.
We are at 1696.25/7 support from above now. This is must hold now into crookshour
Plan your trade, trade your plan!
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