FRIDAY 17/06/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 17TH JUNE 2016

Hi all,

Recap ….

Intraday wise …. I banked 33 points in spoos & 373 points in Ftse today.

I have 1 long in spoos, 6 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 16/05/2016.
It is now negated after DAY3.

KTS
We have a KTS triggered at close on 09/06/2016.
TODAY IS DAY6.

SYSTEM BDIP
We have a BDIP triggered at close on 06/06/2016.
It is now negated after DAY4.

DAY1… We got a low of -1.75.
DAY2… We got a low of -3.75.
DAY3… We got a low of -11.75.
DAY4… We got a low of -26.50.

DDUD
We have a DDUD triggered at close on 04/05/2016.
It is now negated after DAY16.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWS

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5

SPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.

SYSTEM SPXL1
VERY ERRATIC SYSTEM IN TERMS OF HIGH/LOW/CLOSE. USUALLY IS A DOJI DAY WITHIN +5 / -5. TRADING > +5 USUALLY CLOSES POSITIVE, TRADING < -5 CLOSES NEGATIVE. THAT’S WHEN IT BECOMES A TRENDING SYSTEM

Spoos closed at 2070.25 (basis Sep)

K+3 = 2073.25

K-3 = 2067.25

Conclusion

We have 2 KHC+3 & 1 KHC-5  SYSTEMS in play.

We have a KTS DAY6 in play.

Plan your trade, trade your plan!

[Khalsa]

Well they managed to PING it off 2040/3 area in style 30 points up just in time for crooks quad OE.

Where will we be at 2.30pm tomorrow? That is the question.

My long from 2065 runs into tomorrow and no shorts probably until opening tick or maybe even Monday.

Plan your trade, trade your plan!

[MAURITIUS]

Well well well,

was that a low of sorts, or is tomorrow pop n drop with it all reversed back down and some?

European markets seem to be performing worse than US markets. Ftse 100 for example despite the rally is still below 6000.

Oscar has a gold target of 1370 and seems rather convinced by the charts that spoos is heading lower on a weekly chart timeframe. Head and shoulders head test bla bla bla…

 

[smashie212]

So KTS remains on even with a hammer bottom on the indices with a shooting star on GOLD, could mean a revisit of lows or close to, to stop out the early bulls.

Re: Gold maybe short term pain ahead before rally continues ?

 

 

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[Khalsa]

What an expiry? All the way from last Thursday.

Ibex is still +160. SOmething has to give US vs Europe

Plan your trade, trade your plan!

[Khalsa]

Really hard to say Smashie as Gold is still very much in an uptrend.

Plan your trade, trade your plan!

[MAURITIUS]

I think gold will go higher short term. 1300 /1310 breaks then 1400 could come quick. Maybe brexit nonsense will do it. Amuses me how damaging brexit is going to be according to all the crooks. Nothing to do with the debt they have built up.

[MAURITIUS]

Lol anyone with spoos shorts that didn’t have roll over turned on will be annoyed ….

 

[MAURITIUS]

Ftse interesting….

dropped hard and now rallied back up while spoos stayed down…..

[Khalsa]

MAURITIUS wrote:

I think gold will go higher short term. 1300 /1310 breaks then 1400 could come quick. Maybe brexit nonsense will do it. Amuses me how damaging brexit is going to be according to all the crooks. Nothing to do with the debt they have built up.

lol so true. The economy is dead worldwide as it is. To blame it on Brexit is a total joke

Plan your trade, trade your plan!

[Khalsa]

MAURITIUS wrote:

Ftse interesting…. dropped hard and now rallied back up while spoos stayed down…..

Its all out of sync as it stands.

One minute Gold and SIlver were all shooting up.

Now they have just fallen hard. All in the space of an hour. What changed?

Plan your trade, trade your plan!

[Author]

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