FRIDAY 08/08/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 8TH AUGUST 2014

Hi all,

Recap ….

Intraday wise …. I banked 72 points in ES today.

I have 1 short in Ftse, 19 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 05/08/2014.
TODAY IS DAY3.

SYSTEM BDIP

NONE IN PLAY.

DDUD
None in play.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY

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,

SYSTEM 65 (KHC+3)
CAN GET+3 & -3, BUT BIASED TOWARDS A +3 (KHC)

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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

SYSTEM SPXE
MORE DOWNSIDE THAN UPSIDE, CHANCES OF -4,-7, THE CLUE TO A DOWN IS SPX TRADING NOT MORE THAN +3, SPX TRADING > +3 GIVES CHANCE TO A POSITIVE CLOSE. IF SPX DOES NOT TRADE MUCH NEGATIVE IT CAN BE A SU SYSTEM BUT DOES NOT CLOSE AT HIGHS.

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

Spoos closed at 1905.25 (basis Sep)

K+3 = 1908.25

K-3 = 1902.25

Conclusion

We have 3 KHC+3 SYSTEMS in play.

We also have a KTS5 DAY3 in play.

Plan your trade, trade your plan!

[Khalsa]

No KHC-5’s so I hope crooks day is not up.

However KTS remains so that’s the good news.

All over to crooks day really

Plan your trade, trade your plan!

[MAURITIUS]

system 70 and 72 together…aren’t they a combo of sorts?

kts still in play so let it play out! 😛

[Qman]

Wanted more bad news – Obama speaking – not sure what he’s said but just down another 6 points. Night night

[Qman]

Make that 8 points down – he’s authorised US air strikes in Iraq

[MAURITIUS]

Make that -12…

I closed yesterday’s short for 17 points…

Gap through 200dma..? Lol

[MAURITIUS]

They rallied it on the last Iraq war so this down may not stick….

[Khalsa]

Good morning all,

Wowee, the plan is working out at last.

Closed a 1950.50 short at 1895.50 for 55 points.

Plan your trade, trade your plan!

[Khalsa]

Closed a 1945.50 short at 1891.50 for 54 points.

Just amazing.

Plan your trade, trade your plan!

[Qman]

Closed 1921 for 29 points.

Short again 1891.98

[Khalsa]

CLosed 1 1938 short at 1891 for 47 points.

Really do not want to get too greedy as still have many old positions and 1898 was my first plan.

 

Plan your trade, trade your plan!

[Khalsa]

Infact just done the following ….

 

CLosed 1919.25 short at 1891.75 for 27.50 points.

Closed 1911 short at 1891.75 for 19.25 points.

Closed 1893.50 short at 1891.75 for 1.75 points.

Thats all the profitable shorts gone.

Now back to running losers but considering I did longs also and these scalps are in the pot, its all looking alot better than recent months.

Phew now I need a holiday!

Plan your trade, trade your plan!

[Qman]

Lol – here we go again. Thankful that I banked this morning as my intention was to run it. Now another waiting game for it to break down

[MAURITIUS]

Yes I banked this morning…virtually at the low too so very pleased with that….

Now, longer term I still think down but it’s whether to get back in yet or not. It is getting to that time of year….. you know like when Lehman’s collapse….

 

[Qman]

Well and truly suckered with that short. I’m convinced we’ve not seen the end of this move down. Let’s hope they dump it later out of fear of further weekend developments in Middle East , Syria, Iraq or Ukraine.

Or another Lehman

[Author]

Posts