FRIDAY 01/08/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 1ST AUGUST 2014

Hi all,

Recap ….

Intraday wise …. I banked 0 points in ES today.

I have 1 short in Ftse, 20 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 25/06/2014.
It is now negated after DAY6.

KTS
We have a KTS5 triggered at close on 29/07/2014.
It is now negated after DAY2.

SYSTEM BDIP

We have a BDIP triggered at close on 16/07/2014.
It is now negated after DAY4.

DAY1… We got a low of -25.50.
DAY2… We got a low of -11.50.
DAY3… We got a low of -12.50.
DAY4… We got a low of -1.25.

DDUD
None in play.

SYSTEMS TRIGGERED

SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.

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

ES4 (KHC+3)

SYSTEM SPX5C (KHC+3)
NORMALLY GETS +3 AND CAN GET +5, CAN BE A TRENDING SYSTEM.

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5

Spoos closed at 1928 (basis Sep)

K+3 = 1931

K-3 = 1925

Conclusion

We have 3 KHC+3 & 1 KHC-5 SYSTEMS in play.

Plan your trade, trade your plan!

[smashie212]

KTS negates arrghh. KHC-5 did the job.

Another pattern that has changed is the market always rose into NFP’s,  this time we fell.

Just make sure KTB does not trigger Kman !

[Khalsa]

No Smashie, KTB is not going to trigger yet. We are on watch out for another KTS trigger again.

Navnit

Plan your trade, trade your plan!

[MAURITIUS]

lol spoos went positive then…

[MAURITIUS]

short 1927.38

I looked at daily chart and yesterday’s candle ‘could’ be significant so long as today doesn’t mad reverse it….

If you look at past declines you have a series of those candles over say two weeks….

 

[smashie212]

On the flip side:

http://money.cnn.com/data/fear-and-greed/

fear reading = 8

Greed=96 at  1991

So sentiment says limited down side for a while.

Also a H&S just completed using 1991 as a high to 1921

[MAURITIUS]

I darpoked on adding more shorts at + 5.5. Then watched it slide to +0.75 and then shorted.

Stupid …lol

Still may all come out well in the wash…

[MAURITIUS]

Nt looking that bad now it’s back at -8. Please carry on and take lows out….. 🙂

[smashie212]

Right around this level we have channel support going back to oct 2013 , quite an important level to take out. The 100 MA is at 1910.

DAX  however did break down thorough its long term channel support.

[MAURITIUS]

I do dislike these mustards….

Back to break even 1925/6 again after hitting 1910 twice….

Perhaps Crookshour is third time lucky…..

Like you often say…shaking every mustard out both ways before down (or the move)….

Going for a beer at 9 so hope it disappears down a hole between now and then….

 

[Qman]

Bounced from lod BUT still down on yesterday

[MAURITIUS]

Lol and out comes Obama talking ‘the economy’ and it heads south….

[Author]

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