FRIDAY 23/05/2014 SYSTEMS & INTRADAY

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  • #6019
    Khalsa
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      SYSTEMS FOR FRIDAY 23RD MAY 2014

      Hi all,

      Recap ….

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

      I have 1 short in Ftse, 1 Long in spoos, 18 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.
      TODAY IS DAY2.

      KTS
      We have a KTS5 triggered at close on 14/05/2014.
      It is now negated after DAY5.

      SYSTEM BDIP
      We have a BDIP triggered at close.
      It is now negated after DAY4.

      DAY1… We got a low of -1.25.
      DAY2… We got a low of -12.00.
      DAY3… We got a low of -26.25.
      DAY4… We got a low of -6.00.

      DDUD
      None in play.

      SYSTEMS TRIGGERED

      ESL1 NEXT DAY
      GOOD CHANCE OF A -3

      ES10
      DOJI DAY WITHIN A 8 POINT RANGE AND TOWARDS -VE BIAS. ANY GAP UP OPEN SHOULD FILL THE SAME DAY.

      ES90
      DOWNSIDE SHOULD BE MORE THAN UPSIDE. USUALLY PRINTS LITTLE POSITIVE AND NEGATIVE CAN BE -5, -7. HIGHS SHOULD BE CONTAINED WITHIN +6 AND GOOD CHANCE OF A NEGATIVE CLOSE.

      Spoos closed at 1890 (basis Jun)

      K+3 = 1893

      K-3 = 1887

      Conclusion

      We have NO KHC SYSTEMS in play.

      W also have a KTB2 DAY2 in play.

      Plan your trade, trade your plan!

      #6020
      Khalsa
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        No KHC+ve’s is good.

        BDIP DAY2 can be a randomiser, so there is a chance of down.

        Charts can turn here but nothing conclusive

        I do not like it so close again to SPX 1900, that is a niggle.

        My feeling is we see a -5/-7 but after that God knows

         

         

         

         

        Plan your trade, trade your plan!

        #6021
        Khalsa
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          Also all the systems mention negative

          Plan your trade, trade your plan!

          #6022
          Khalsa
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            Well so far FTSE late tank yesterday has meant something for FTSE.

            Its carried on with weakness.

            However its now at 6800 roundie.

            Break you mustard and lead.

            This all honestly makes you think why will the market ever go down?

            Alot of faith certainly required to run shorts.

            Plan your trade, trade your plan!

            #6023
            Khalsa
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              The syucess only comes really after I start talking a 70-130 point down move due and I am not talking that at the moment.

              All this stands a chance for is a possible double top / lower high SPX 1900

               

               

              Plan your trade, trade your plan!

              #6027
              smashie212
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                conversley, anyone looking to short the double-top could see stops being hit – which could spike it higher given we still have WNER to negotiate

                anyway there is good risk reward for downside at these levels, volume is typically poor for the holiday weekend and there is often the typical post-holiday reversal to come next week

                #6028
                Khalsa
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                  Spot on Smashie thanks.

                  Furthermore SU and intraday CIT level is 1892/3 on ES.

                  Can it break today on crooksday?

                  If it can that sets up for a good WNER

                   

                   

                   

                  Plan your trade, trade your plan!

                  #6029
                  Khalsa
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                    What a stupid SU market now 3 days in a row.

                    Plan your trade, trade your plan!

                    #6030
                    Khalsa
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                      About to hit SPX 1900 yet again.

                      Plan your trade, trade your plan!

                      #6031
                      Khalsa
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                        Oil has gone up alot the last 2 weeks.

                        No doubt petrol will rise.

                        Plan your trade, trade your plan!

                        #6032
                        Khalsa
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                          Right on SU level now.

                          Intraday cit at 1893.

                          MS has given a secondary short. I do not normally post this, but it usually works well for a good -5/-7

                          I just cannot see how tonight given the perkiness, but lets see

                          Plan your trade, trade your plan!

                          #6033
                          MAURITIUS
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                            Donkey short?

                            #6035
                            Khalsa
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                              Not short Dan, its a sort of secondary trigger.

                              Bust as I say, its just pathetic. I have no imminent call for a -70/-130 and they have been the only times the market has gone down.

                              I am actually thinking up is more likely than down, especially with crooksday, crookshour and then WNER

                              Plan your trade, trade your plan!

                              #6036
                              Khalsa
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                                Not short Dan, its a sort of secondary trigger.

                                Bust as I say, its just pathetic. I have no imminent call for a -70/-130 and they have been the only times the market has gone down.

                                I am actually thinking up is more likely than down, especially with crooksday, crookshour and then WNER

                                Plan your trade, trade your plan!

                                #6037
                                Khalsa
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                                  best retrace of the day in the last 15 minutes, ie crookstime.

                                  Still to absolutely no avail as its too late. The market will close shortly and then WNER can retest the highs of a few minutes ago.

                                  How sad!

                                  Plan your trade, trade your plan!

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