FRIDAY 13/06/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 13TH JUNE 2014

Hi all,

Recap ….

Intraday wise …. I banked 0 points in ES today.

I have 1 short in Ftse, 20 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 21/05/2014.
It is now negated after DAY6.

KTS
We have a KTS5 triggered at close on 12/06/2014.
TODAY IS DAY1.

SYSTEM BDIP

We have a BDIP triggered at close on 10/06/2014.
TODAY IS DAY3.

DAY1… We got a low of -12.25.
DAY2… We got a low of -19.00.
DAY3…
DAY4…

DDUD
None in play.

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,

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

SPX19A

Spoos closed at 1930.50 (basis Jun)

K+3 = 1933.50

K-3 = 1927.50

Conclusion

We have 1 KHC+3 SYSTEMS in play.

We also have a BDIP DAY3 & KTS5 DAY1 in play.

Plan your trade, trade your plan!

[Qman]

Morning all – it’s a lovely day and the sun is shining!

[Khalsa]

There was no GFS at open today as the gap up open was < 3 points.

Nothing conclusive apart from we have printed a -4 and a +6.50.

So really the +3/+5/+7 from the SYSTEMS is done.

However the pattern of the low first and then high gives me little confidence to short it further for a BDIP/KTS drop.

SO for now I will stick with what I have.

Plan your trade, trade your plan!

[Khalsa]

1931 is the support to break down and so far it has supported

1936/8 is the resistance

Plan your trade, trade your plan!

[Khalsa]

Khalsa wrote:

There was no GFS at open today as the gap up open was < 3 points. Nothing conclusive apart from we have printed a -4 and a +6.50. So really the +3/+5/+7 from the SYSTEMS is done. However the pattern of the low first and then high gives me little confidence to short it further for a BDIP/KTS drop. SO for now I will stick with what I have.

SO its over to crookshour.

Glad I stayed out after the low to high pattern.

1938 is the last chance saloon for bears.

If it breaks that the pre OE lows could be in and the mini retrace over (which was 36 points and close enough to the 30-40 points expected).

Plan your trade, trade your plan!

[Author]

Posts