FRIDAY 06/03/2015 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 6TH MARCH 2015

Hi all,

Recap ….

Intraday wise …. I banked 5 points in ES today.

I have 2 longs in oil, 3 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 02/02/2015.
It is now negated after DAY11.

KTS
We have a KTS2 triggered at close on 18/02/2015.
Today is DAY12.

SYSTEM BDIP

We have a BDIP triggered at close on 17/02/2015.
It is now negated after DAY4.

DAY1… We got a low of -7.25.
DAY2… We got a low of -8.25.
DAY3… We got a low of -13.00.
DAY4… We got a low of -7.50.

DDUD
We have a DDUD season triggered at close on 29/01/2015.
It is now negated after DAY16.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESD
GOOD CHANCE OF -3, -5, PAST -5 GOOD CHANCE OF -7/-10 ETC

SYSTEM SPXD
MORE DOWNSIDE THAN UPSIDE, NEGATIVE BIAS DAY

Spoos closed at 2099.50 (basis Mar)

K+3 = 2102.50

K-3 = 2096.50

Conclusion

We have NO KHC SYSTEMS in play.

We have a KTS2 DAY12 in play.

Plan your trade, trade your plan!

[Khalsa]

3 point range all night is not good.

ESD/SPXD combo can normally be a bearish one. Looking at Europe so far, I cannot see it yet.

However we must all be wary of ESD/SPXD if we are long.

It remains in NML here, with this still either being a consolidation for more up or a topping process.

 

Plan your trade, trade your plan!

[Qman]

Systems pretty bearish as you say, and we’ve seen minimal KTS action so far. I assume NML until 1 ish so I’m off to do some jobs in the garden.

[Qman]

Back from the garden – getting some KTS action now……

[Khalsa]

Khalsa wrote:

3 point range all night is not good. ESD/SPXD combo can normally be a bearish one. Looking at Europe so far, I cannot see it yet. However we must all be wary of ESD/SPXD if we are long. It remains in NML here, with this still either being a consolidation for more up or a topping process.

Wow how right the SYSTEMS were.

ESD/SPX did work so well. It is the opposite of ESG/SPXD and really worked a treat.

 

Plan your trade, trade your plan!

[Qman]

What will this mean for the KTS Kman – likely to negate at close?

[Qman]

Nearly closed this 2090 short a couple of times, but it feels like one of those grindy up days – only down!

What will they do in crooks hour……

[Khalsa]

Amazing that we spoke of SYSTEMS drying up for a big move coming.

We then had ESD/SPXD combo (suggesting a down move).

and now this, -30!

A down Friday usually suggest a down Monday.

We are well below DOW 1800 and SPX 2100 now so either it will back test it, or we have just put in a major top.

There is just one alternative, this is a low just before quad crooks OE in 2 weeks.

Plan your trade, trade your plan!

[Qman]

I can see it now – FED crooks come out of the woodwork early next week to send markets soaring into OE……….

Good weekend all

[Author]

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