FRIDAY 21/10/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR FRIDAY 21ST OCTOBER 2016

Hi all,

Recap ….

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

I have 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 15/09/2016.
It is now negated after DAY18.

KTS
We have a KTS triggered at close on 14/10/2016.
TODAY IS DAY5.

SYSTEM BDIP
We have a BORDERLINE BDIP triggered at close on 20/10/2016.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
NONE IN PLAY.

SYSTEMS TRIGGERED

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

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

ESL3 (KHC-5)
SHOULD GET A GOOD NEGATIVE PRINT . DOES NOT ALWAYS CLOSE AT LOWS.

SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5

Spoos closed at 2137 (basis Dec)

K+3 = 2140

K-3 = 2134

Conclusion

We have 2 KHC+3, 1 KHC-4 & 1 KHC-5 SYSTEMS in play.

We also have a BORDERLINE BDIP DAY1 & KTS DAY5 in play.

Plan your trade, trade your plan!

[kitsu]

Hi Khalsa or Dan if you are around a few questions if I may.

What are your thoughts on Gold as a long term investment? I know Dan has been going on about it.

How would you hold it? do you trust places like bullion exchange?

Have you heard of a chap called Minesh Bhindi ? He runs a service called gold and silver for life. can’t seem to post  the link but type in words and you will find it.

He talks about currency devaluation and money having less purchasing power which I agree with.  He talks about a regular income of 1-2% per month from gold but charges close to  £ 4k to teach you how. It seems to me that he sells covered calls in gold and Im not about to part with that kind of money.

However I don’t seem to be able to make money from the markets nor do I have the time to screen watch.  So I am curious to learn if you have any long term strategies that don’t involve holding small or large cap shares.

 

 

 

[kitsu]

found the link. I am not advertising on his behalf!

just want to know if anyone has heard of him , would you trust the guy?

http://www.goldandsilverforlife.com

 

 

[Qman]

Wonder if we had GFS today – certainly looking likely

[Khalsa]

Kitsu, I will come back to you later on your above post.

The markets remain infuriating.

2140/3 remains suprt resistance but then all falls are met with dipsters and constant SU pattern.

It remains a bearish pattern to me, so requires extreme patience but courage also.

Complete shame it just is not allowed to be a free market and fall.

Gap filled and back towards days highs and now in crookshour.

Despite a massive chemical incident at London city airport, its carried on grinding up. COmpletely stupid if you ask me but this is the post 2001 BUYEM on all incidents.

 

Plan your trade, trade your plan!

[kitsu]

Thanks Khalsa.

infuriating is an understatement. Totally supported market. No point trying to short as they will almost certainly find a reason to prop it up after elections and into year end.

They certainly make it difficult for ordinary folk to make a buck .

Luckily i spend very little time looking at the markets nowadays as like you I prefer to spend time with family as that time can never be recovered.

have a good w/e.

 

[Khalsa]

I am away guys for a few days break and will be back on Wednesday. I see it’s going further mad still and that made mode that started with a spike low to a 211x.x print is still in play. Over 2140/3 area will worry me.

I could have taken so much profit of the table but it missed my 2000 es target and fooled me with a spike low

Plan your trade, trade your plan!

[Author]

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