MONDAY 05/01/15 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 5TH JANUARY 2015

Hi all,

Recap ….

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

I have 2 longs in oil, 7 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 16/12/2014.
It is now negated after DAY4.

KTS
We have a KTS5 triggered at close on 29/12/2014.
TODAY IS DAY3.

SYSTEM BDIP

None in play.

DDUD
None in play.

SYSTEMS TRIGGERED

ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3

ESA7 (KHC+5)

ESH3 (KHC+5)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS BUT CAN CLOSE POSITIVE

ES13 (KHC+3)
SHOULD GET A +3. CAN ALSO GET A GOOD NEGATIVE PRINT-3, -5, -7

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

ES110 (KHC+3)
SHOULD GET A +3/ +5. GOOD CHANCE OF A POSITIVE CLOSE, POSSIBLE GAP & GO DAY.

SYSTEMSPXH1
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 2046.25 (basis Mar)

K+3 = 2049.25

K-3 = 2043.25

Conclusion

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

We have a KTS DAY3 in play.

Plan your trade, trade your plan!

[MAURITIUS]

Pop n drop type move again?

[Khalsa]

Looks like KTS has given its -7 and now the KHC’s are performing on WNER day.

Today will be the tell with 2053/5 area the KEY. If it breaks back up, it can rally, until then it can remain in this mini downtrend.

Very hard with all the XMAS and New Year stuff going on to try and form an opinion on what this wants to do.

Just got to continue to wait.

Plan your trade, trade your plan!

[Khalsa]

In other words, I cannot marry the downside yet (even though I have no longs and only shorts. How stupid is that?)

Plan your trade, trade your plan!

[MAURITIUS]

My oil bet is getting murdered.

serves me right for trading something I never usually touch.

I may bail it and consider it a lesson learnt…..

[Khalsa]

The GFS has not triggered for today.

Navnit

Plan your trade, trade your plan!

[MAURITIUS]

I bailed oil. 1000pt hit 🙁  Not clever. I am not prepared to risk a trip to 40.

spoos. A -40 day would reverse the second big up day pre Xmas on Dec 18th. -73 to take out December 17th too lol.

[MAURITIUS]

Khalsa wrote:

The GFS has not triggered for today. Navnit

fabulous 🙂

[MAURITIUS]

Half way to -40

[Khalsa]

-32 now.

All three of my recent shorts are now massively in profit.

Still no plan to take it here though.

Resistance is now 2025/6 area and then 2040 area.

Changed mind, closing 2070.25 short here at 2015.50 for 44.75 points.

Running 2048.50 and 2041.50 shorts for now.

Plan your trade, trade your plan!

[Khalsa]

I may have spooked out, I may have not. Who knows.

However I have tried running shorts only to get caught in a snap back rally, so banking circa 45 points has to be a real victory in this market.

Plan your trade, trade your plan!

[Qman]

Really want to run my 2042 short but scared of the dipsters. So compromised – stop in for 20 points and will tune in again later.

[Qman]

Hoping we get mystic Dan’s 40 points down……

[Khalsa]

Well done Nigel, better safe than sorry and a 20 pointer is a real achievement IMO.

Let’s see the next trade.

Plan your trade, trade your plan!

[smashie212]

6.30 low forming ?

what gaps do you have below kman?

[Author]

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