FRIDAY 11/04/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 11TH APRIL 2014

Hi all,

Recap ….

Intraday wise …. I banked 10 points in spoos today.

I have 1 short in Ftse, 17 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 17/03/2014.
IT IS NOW NEGATED AFTER DAY3.

KTS
We have a KTS5 triggered at close on 04/04/2014.
TODAY IS DAY5.

SYSTEM BDIP
We have a BDIP triggered at close on 02/04/2014.
It is now negated after DAY4.

DAY1… We got a low of -7.25.
DAY2… We got a low of -27.75.
DAY3… We got a low of -25.50.
DAY4… We got a low of -7.50.

DDUD
None in play.

SYSTEMS TRIGGERED

ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7

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

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

 

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

 

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

 

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

SYSTEM SPX5
Not much lower in RTH, High +4/+5, HOWEVER IF SPX GAPS DOWN OPEN IT CAN BE A SERIOUS NEGATIVE SD DAY

SYSTEM SPX5B
TRENDING SYSTEM, IF SPX TRADES > -3 LOW THEN CAN GET +3/+5, IF SPX TRADES < -3 SHOULD GET -3/-5, IF HIGH TRADED IS < 3 THEN SD DAY AND CLOSE NEGATIVE

Spoos closed at 1827.25 (basis Jun)

K+3 = 1830.25

K-3 = 1824.25

Conclusion

We have 4 KHC+3 & 1 KHC-4 SYSTEMS in play.

We also have a KTS5 DAY5 in play.

Plan your trade, trade your plan!

[Khalsa]

Nice to see the khc+ve and the -ve’s.

Suggests a pop and drop tomorrow and I will look to short a +5/+7/+10 if I can get it as that is probably the best plan in advance

Plan your trade, trade your plan!

[MAURITIUS]

down it goes again..

[Khalsa]

It got to a +4.75 and then a -12.

Shame I did not respond as an undershoot to the pop and drop plan, because the plan was right

If I was to “think like a crook, be a crook”, today can be downin RTH also

Plan your trade, trade your plan!

[smashie212]

This particular KTS has been stellar, how close is the  KTB to triggering with the recent selling ?

[Khalsa]

Fairly close Smashie, but it can over extend to the downside first imo.

It will need a very low trin possibly to trigger if it wants to today at close

Plan your trade, trade your plan!

[smashie212]

Thanks mate,

We have an iffy H&S that could hit your 17XX, and an and AB=CD pattern targetting 1811

looking ahead to next week, we also have the good friday holiday weekend so it may produce the final turn if it is a down opex week

[MAURITIUS]

Oooh yes bank holiday coming.

Historically they have done bad deeds around bank holidays, like devaluations and the like. Gives them more time to play with :p

[MAURITIUS]

Gfs today?? Hope not.

[Khalsa]

Thanks Smashie.

Over to GFS now Dan, nothing yet

Plan your trade, trade your plan!

[Khalsa]

Crooksday is a randomiser.

I loved that KHC-4 and expected negativity in RTH also.

Both counts are done now, so I am tempted to long for a bounce.

Long 1814.75

Plan your trade, trade your plan!

[Khalsa]

Just seen that 1824 short has been closed at 1814 for 10 points also now.

Another 10 points in the bag today.

Now my next closest is 1800.50 from 11/2/14.

Wow to the long, its going for it.

Plan your trade, trade your plan!

[Khalsa]

Gap fill is at 1827.25.

1822/3/4 is resistance

Therefor I cannot go for the 10 points on a long and besides I am happier short than long, so limits in for 7 points at 1821.75.

Chances are if it gets there, it will fill gap

Plan your trade, trade your plan!

[Khalsa]

NQ is leading this bounce for now.

NQ gap fill in 9 points

Plan your trade, trade your plan!

[Khalsa]

I have been avoiding over posting here lately and today looks like I run the risk of doing so.

Overposting can lead to me over trading and until market conditions return for that, I want to stick to 10 pointers trades or trades with a specific plan.

Plan your trade, trade your plan!

[Author]

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