FRIDAY 06/05/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 6TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 30/03/2016.
It is now negated after DAY6.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
TODAY IS DAY6.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY2.

SYSTEMS TRIGGERED

ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3

ESC
CAN GET A +3 BUT SHOULD GET A -3. CHANCES OF -5, -7, -10

ESH3 (KHC+5)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS BUT CAN CLOSE POSITIVE

ES13 (KHC+3)
SHOULD GET A +3. CAN ALSO GET A GOOD NEGATIVE PRINT-3, -5, -7

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.

SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5

SPXC
Spx <-4 should give big down -7/-10. Likewise <+3 high will trade negative and close negative. Conclusion may be short +2 Spx. Rarely closes at highs

 

Spoos closed at 2044 (basis Jun)

K+3 = 2047

K-3 = 2041

Conclusion

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

We have a KTS5 DAY6 & DDUD DAY2 in play.

Plan your trade, trade your plan!

[Khalsa]

So today the KHC+ve’s have not printed yet and its an NFP’s day. That will keep us wary.

We are at the 2039 low again and we will all be worried it can bounce here.

As I keep saying it looks good to go down and if we can break here next stop after this area of support is 2015/2020 area and then onto 1995 area before 1980.

All are targets but equally for me all our ping points (like this 2040 area that caused a bounce to 2060/3 resistance yesterday).

 

 

Plan your trade, trade your plan!

[Khalsa]

Closed 2090.50 short at 2039.50 for 51 points for safety and to bank circa 50 points happily.

Plan your trade, trade your plan!

[Khalsa]

Next closest are 2076 and 2077.75 shorts.

Plan your trade, trade your plan!

[Khalsa]

Such a massive shame this idiot remains so perky with dipsters.

It just cannot make traction down.

Very tough call here as above 2040/3 can send it more up. The hope is like supports are ping points for up, resistances act as ping points for down

Only above 2045/7 can it rally more.

 

Plan your trade, trade your plan!

[smashie212]

Kman you spoke about Trend change, I think we saw a great example in the NFP pattern not working this time.

Sitting on hands waiting to reload, thinking maybe Opex will provide the  next real trading opportunity.

[Khalsa]

Tough Smashie as it has made it back above 2045/7 and thats not good whatsoever as it is short term bullish above this.

 

Plan your trade, trade your plan!

[Khalsa]

Just glad I closed a short for safety earlier today.

As for crooks OE, it will be crooks quad oe next month and thats when the next main action will be. Should be explosive.

 

Plan your trade, trade your plan!

[Khalsa]

Sorry to be the bearer of bad news but as it stands a KTB will trigger at close.

Combine that with WNER and us over 2045/7 area, it does not look good.

It could be a spook in a downtrend, but certainly based on the last few years it looks bullish on the face of it.

Plan your trade, trade your plan!

[Author]

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