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SYSTEMS FOR WEDNESDAY 9TH OCTOBER 2013
Hi all,
Recap ….
Intraday wise …. I banked points in spoos today.
I have 2 longs in spoos, 1 short in Ftse & 14 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 KTS5 triggered at close on 08/10/2013.
TODAY IS DAY1.SYSTEM BDIP
We have a BDIP triggered at close on 02/10/2013.
It is now negated after DAY4.DAY1… We got a low of -20.25.
DAY2… We got a low of -2.25.
DAY3… We got a low of -18.25.
DAY4… We got a low of -19.50.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 +3ESA2 (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.SYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTHSYSTEM 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 NEGATIVESPX18
CHANCE OF A GOOD TRENDING DAY. IF HIGH TRADED IS <3, CHANCE OF A DOUBLE DIGIT DOWN DAY. IF LOW TRADED > -3, CHANCE OF POSITIVE CLOSE.Spoos closed at 1649.50 (basis Dec)
K+3 = 1652.50
K -3 = 1646.50
Conclusion
We have 5 KHC+3 SYSTEMS in play.
We also have a KTS5 DAY1 in play.
Plan your trade, trade your plan!
It looks like the SYSTEMS are heading for the KHC+3.
Good chance of seeing 1655/7 also.
Although there is a KTS and its the second KTS, it is a KTS5 which means it can be a drop and pop.
This now looks like its on its way to the next target of 1600 SPX (now that my target of a low 166x.x on SPX has been met)
I have been so distracted this week otherwise I would have played this better such as taken 3-5 points on yesterday’s long and re-entered basis SYSTEMS today.
For now the TREND remains down.
Plan your trade, trade your plan!
I was just typing in that I am putting 5 point limits in on my long and they have just been hit.
So once again I start the day with 5 point sin the bag.
Lets see where we are in the morning but this for now is on fire
Plan your trade, trade your plan!
It looks like the SYSTEMS are heading for the KHC+3. Good chance of seeing 1655/7 also. Although there is a KTS and its the second KTS, it is a KTS5 which means it can be a drop and pop. This now looks like its on its way to the next target of 1600 SPX (now that my target of a low 166x.x on SPX has been met) I have been so distracted this week otherwise I would have played this better such as taken 3-5 points on yesterday’s long and re-entered basis SYSTEMS today. For now the TREND remains down.
All done as it hits 1657.25 at the peak for now
Plan your trade, trade your plan!
Good morning all,
Still pretty much the same overnight with it holding onto gains.
Looks perky but TREND remains down so at some point it can be a short (whether intraday or EOD)
I say that is because so far this TREND DOWN has had vicious snapback one day SU wonders, so do not want to get stopped out on that
Plan your trade, trade your plan!
Ok here we go.
The upside objects have been met ( so that is the minimum).
For now I would like to long a dip to retest globex highs but would prefer to get near globex lows
Above 1653 will target 1657/8 again and above that it can rally.
Plan your trade, trade your plan!
At globex lows now.
Right this looks bearish intraday.
Long 1647.25 as planned.
I do not like it but have to do it. WIll keep stops
Plan your trade, trade your plan!
Too spooky to run it.
I will close it for 3 points if I get it
Plan your trade, trade your plan!
Even better, closed at 1651.25 for 4 points profit.
Plan your trade, trade your plan!
That was a fine example of waiting for open, planning a trade and then trading the plan
This is why I hate missing the open as it is crucial to the days trading.
Plan your trade, trade your plan!
That is 9 points in the bank today which is really cool.
I am now in “take it easy” mode as we have to always be careful not to over trade and then get mugged by the crooks
Plan your trade, trade your plan!
Been busy – see back at lows now – any plans or done and dusted for the day?
Nigel … I think for now we do not want to catch a falling knife.
It is Trend down and swing shorts are doing good.
Looks like the 2nd KTS is pulling it down.
1641.50 is the next support and below that 1633/5 ish before a 16x.x print
Any can be a buy, but for now I will see what happens near 1641.50 first
Plan your trade, trade your plan!
Nigel … I think for now we do not want to catch a falling knife. It is Trend down and swing shorts are doing good. Looks like the 2nd KTS is pulling it down. 1641.50 is the next support and below that 1633/5 ish before a 16x.x print Any can be a buy, but for now I will see what happens near 1641.50 first
I dithered and now would have my 3 points profit.
Plan your trade, trade your plan!
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