MONDAY 02/05/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 2ND MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 28.50 points today.

I have 1 Short in Ftse, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 30/03/2016.
It is now negated after DAY6.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
TODAY IS DAY2.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 05/04/2016.
It is now negated after DAY6.

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.

SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSO

SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.

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.

ESH10
CHANCE OF +3/+5, IF IT GOES FOR LOWS IT SHOULD NOT CLOSE AT LOWS. HOWEVER COULD BE A VERY BIG RANGE DAY.

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

SYSTEM 80
USUALLY GET -3. IF IT GAPS UP OPEN, THEN USUALLY NOT MUCH DOWNSIDE PAST -3 AND CAN CLOSE +VE. USUALLY DOES NOT CLOSE AT HIGHS. SMALL CHANCE OF BEING A DDDD DAY

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 2059 (basis Jun)

K+3 = 2062

K-3 = 2056

Conclusion

We have 4 KHC+3 & KHC+5 SYSTEMS in play.

We have a KTS5 DAY2 in play.

Plan your trade, trade your plan!

[smashie212]

Payrolls friday- should get a bounce of sorts, prolly another dip first tuesday/wednesday then another opportunity to get short EOW/WNER.

[Khalsa]

Thanks Smashie, makes sense.

Amazing today though as Nikkei is down 3% yet WNER takes Europe and US up.

That’s just how stupid WNER is.

Let’s hope RTH is different. Ideally I want a weak WNER today.

Plan your trade, trade your plan!

[Author]

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