FRIDAY 07/07/2017 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 7TH JULY 2017

Hi all,

Recap ….

Intraday wise…. I banked 0 points in spoos today. I have 1 short FTSE, 1 long in Gold, 1 long in Silver, 1 short on Dow, 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 05/06/2017.
It is now negated after DAY7.

KTS
We have a NEW KTS triggered at close on 06/07/2017.
TODAY IS DAY2.

SYSTEM BDIP
We have a BDIP triggered at close on 05/06/2017.
It is now negated after DAY4.

DAY1… We got a low of -8.25.
DAY2… We got a low of -6.75.
DAY3… We got a low of -4.75.
DAY4… We got a low of -20.00

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

ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWS

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

SYSTEM SPX2
GOOD CHANCE OF +5, IF THE CLOSE IS POSITIVE THEN THE NEXT DAY AFTER COULD BE DOUBLE DIGIT DOWN

SPX 5E
CAN GIVE +3,+5,+7,+10. ALSO GOOD CHANCE OF A POSITIVE CLOSE. HOWEVER IF IT REVERSES AND GOES NEGATIVE, THEN CAN BE A DDDD

Spoos closed at 2408.25 (basis Sep)

K+3 = 2411.25

K-3 = 2405.25

Conclusion

We have 3 KHC+3 SYSTEM in play.

We have a KTS DAY2 in play.

Plan your trade, trade your plan!

[Khalsa]

The new KTS has started off superbly.

However I am worried about a double bottom here along with crooksday / WNER.

Below 2400 and it can accelerate down.

It needs to stay below 2422/5 area and then can resume down on any bounce.

 

Plan your trade, trade your plan!

[Khalsa]

For now my fear is true.

Just got to make sure it resists at the above numbers.

I feel the reaction to NFP’s is muted and this is just a crooksday move.

Todays gap should be filled soon and lower prices should ensue.

Above 2425 and then maybe we have a low in for now

Plan your trade, trade your plan!

[Khalsa]

The pattern it is going up by is completed crooked. There is literally no volume

Plan your trade, trade your plan!

[Khalsa]

Bludy crooksday, always the same. It hit 2425 in one day.

Nothing you can do until this crazy pattern breaks.

We still have WNER to contend with. Hope it comes down in Crookshour to give leeway on Monday WNER.

Plan your trade, trade your plan!

[Author]

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