WEDNESDAY 17/02/16 SYSTEMS AND INTRADAY

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  • #21167
    Khalsa
    Moderator

      SYSTEMS FOR WEDNESDAY 17TH FEBRUARY 2016

      Hi all,

      Recap ….

      Intraday wise …. I banked 0 points  today.

      I have 2 Longs in Oil, 3 shorts in spoos & 2 swing positions in spoos open.

      Onto today …

      KP
      None in play.

      KTB
      We have a KTB2 triggered at close on 03/02/2016.
      It is now negated after DAY5.

      KTS
      We have a KTS triggered at close on 10/02/2016.
      It is now negated after DAY3.

      SYSTEM BDIP
      We have a BDUP triggered at close on 16/02/2016.
      TODAY S DAY1.

      DAY1…
      DAY2…
      DAY3…
      DAY4…

      DDUD
      We have a DDUD triggered at close on 08/01/2016.
      It is now negated after DAY14.

      SYSTEMS TRIGGERED

      ESL2 NEXT DAY (KHC-4)
      GIVES -4/ -7

      ESHA

      ESL3 (KHC-5)
      SHOULD GET A GOOD NEGATIVE PRINT . DOES NOT ALWAYS CLOSE AT LOWS.

      ES4B

      SYSTEM 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 DAY

      SYSTEM 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 SYSTEM

      SPX3B
      SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGE

      SPX4A

      SYSTEM SPX7
      STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWS

      SYSTEM SPX9
      SHOULD NOT MAKE MUCH UPSIDE PROGRESS, IF LOW < -3 GOOD CHANCE OF NEGATIVE CLOSE. ANY GAP OPEN SHOULD FILL THE SAME DAY.

      SPX 10C
      MORE DOWNSIDE THAN UPSIDE, SHOULD GET -3 POSSIBLY -5. IF TRADE PAST +4 CAN CLOSE POSITIVE

      Spoos closed at 1888.50 (basis Mar)

      K+3 = 1891.50

      K-3 = 1885.50

      Conclusion

      We have 1 KHC-4 & 1 KHC-5 SYSTEMS in play.

      We have a BDIP DAY1 in play.

      The KTS has negated but we are also on the watch for a new KTS trigger.

      Plan your trade, trade your plan!

      #21168
      MAURITIUS
      Participant

        Just closed an overnight short. Was less than half usual stake so 2 and a bit points really rather than 6. Every little helps!

        Off to The Shard shortly…. ?

        #21169
        Khalsa
        Moderator

          Well done Dan. Nothing really conclusive from the SYSTEMS re: the downside sticking.

          The negative KHC’s have printed.

          Tough call as it stands and does not quite seem ready to make downside.

          It looks like it may need a “false” move over 1900 and then it can fall

          Plan your trade, trade your plan!

          #21174
          Qman
          Participant

            We’re now 100 points up from the spike low last week – how quickly the picture can change.

            #21175
            smashie212
            Participant

              well you got to be in it to win it, between now and opex friday there will be a high to short up to heavy resistance into 1940’s cash.

              #21176
              Khalsa
              Moderator

                No GFS today.

                Navnit

                Plan your trade, trade your plan!

                #21177
                Qman
                Participant

                  Looks like we could make 1940 cash today Smashie!

                  #21178
                  smashie212
                  Participant

                    Looks like we could make 1940 cash today Smashie!

                    Yeah Qman could easily happen –  FOMC minutes out at 7pm.

                    First the 3.30pm high, then we’ll see.

                    #21179
                    Khalsa
                    Moderator

                      Short 1919.25

                      As Smashie says, got to be in it, to win it.

                      The move up does not surprise me, so am quite chilled as it stands.

                      Plan your trade, trade your plan!

                      #21180
                      Khalsa
                      Moderator

                        Worse than Draghi’s “whatever it takes” was Dans “dipsters are dead” post lol.

                         

                        Plan your trade, trade your plan!

                        #21181
                        Khalsa
                        Moderator

                          Still way above the ongoing CIT and hence still bullish.

                          1940 remains the max allowed really here again as above that something else is going on

                          Plan your trade, trade your plan!

                          #21183
                          Khalsa
                          Moderator

                            We’re now 100 points up from the spike low last week – how quickly the picture can change.

                            Make that 120 points now from the spike low.

                             

                            Plan your trade, trade your plan!

                            #21184
                            Khalsa
                            Moderator

                              It will be very hard to get a KTS at close today.

                              There will be a pseudo 3 white soldiers pattern on SPX daily. Not truly conforming as the opening should be in the body of the previous days candle, hence why I called it pseudo

                              Plan your trade, trade your plan!

                              #21186
                              Khalsa
                              Moderator

                                Added to short at 1920.25 just to tray and make 5-7 points on it today

                                Plan your trade, trade your plan!

                                #21187
                                Khalsa
                                Moderator

                                  1914 makes sense.

                                  Limits in to close 1914.25 for 6 points.

                                  Plan your trade, trade your plan!

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