FRIDAY 19/05/2017 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 19TH MAY 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, 9 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 17/04/2017.
It is now negated after DAY14.

KTS
We have a KTS triggered at close on 12/05/2017.
TODAY IS DAY5.

SYSTEM BDIP
We have a BORDERLINE BDIP triggered at close on 15/05/2017.
TODAY IS DAY4.

DAY1… We got a low of -4.75.
DAY2… We got a low of -43.00.
DAY3… We got a low of -13.00.
DAY4…

We have a BDIP triggered at close on 10/05/2017.
It is now negated after DAY4.

DAY1… We got a low of -16.25.
DAY2… We got a low of -6.75.
DAY3… We got a low of -0.75.
DAY4… We got a low of -4.75.

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.

ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3

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

ESH2 (KHC+3)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS.

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

 

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.

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

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 2363.50 (basis Jun)

K+3 = 2366.50

K-3 = 2357.50

Conclusion

We have 4 KHC+3 SYSTEMS in play.

We have a BORDERLINE BDIP DAY4 & KTS DAY5 in play.

Plan your trade, trade your plan!

[Khalsa]

Very nice yesterday in that it got to 2344.50 vs my 2340 target for this run.

The bad news is that it undershot and if you blinked you missed it, before the dipsters once again took over.

Recentpatterns suggest a low is in and thats it, on up from here.

However short term this has changed the trend to down (medium and long term remain up)

2373/5 is the resistance now to break the short term trend.

Whatever happens to carry on down it needs to hold the gap area at 2383.

I think it can try for 2340 area again.

 

Plan your trade, trade your plan!

[Author]

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