MONDAY 05/05/14 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 5TH MAY 2014

Hi all,

Recap ….

Intraday wise …. I banked 3 points in spoos today.

I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 14/04/2014.
It is now negated after DAY4.

KTS
We have a KTS5 triggered at close on 04/04/2014.
It is now negated after DAY6.

SYSTEM BDIP
None in play.

DDUD
None in play.

SYSTEMS TRIGGERED

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

SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY,

SYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.

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.

SYSTEM SPXG
More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 1874.50 (basis Jun)

K+3 = 1877.50

K-3 = 1871.50

Conclusion

We have 2 KHC+3 SYSTEMS in play.

Plan your trade, trade your plan!

[Khalsa]

Looks like 10 point limits may be hit soon on last weeks closest short from 1872.50.

-10 day so far when pone least expects it.

Lets see what the open brings.

Plan your trade, trade your plan!

[Khalsa]

Limits hit at 1862.50 to bank 10 points.

I expected all these to be hit end of last week, but there you go

My next closest from last week are 1866.50 and 1855.50 both with 10 point limits

Plan your trade, trade your plan!

[Khalsa]

Comical, look at it bounce now.

Still am so glad it did what it did. Banked 10 points today with it.

Plan your trade, trade your plan!

[Khalsa]

and went on to print the +3 as per KHC’s and WNER.

What a joke extraordinaire.

Plan your trade, trade your plan!

[Khalsa]

I cannot really bring myself about to short this here.

Plan your trade, trade your plan!

[Khalsa]

Take your pick. Mini h&s vis maxi inv h&s

 

Plan your trade, trade your plan!

[Khalsa]

Just as bludy well I stayed out.

20 point bounce from lows.

I will stick to my plan of this wanting one last spike higher.

SPX 1900+ definitely possible.

After that we can talk multi month down

Plan your trade, trade your plan!

[MAURITIUS]

Bloody ridiculous these mustards but can’t help feeling that we are about to enter a stellar BDIP season 🙂

Its not going down, but it’s struggling to go up too from a bulls view.

Dan.

[Khalsa]

lol Dan, as long as it cannot go down, it will keep going up  🙁

Plan your trade, trade your plan!

[Qman]

Lol – I know what you mean Dan! I think he’s a bit grouchy cos it’s either City or Scousers

[Khalsa]

I love all this buying the dip because for me that means its close to the end game as bears will get frustrated and even suicidal that it just does not, cannot, will not go down.

I expect one last hoorah any day / week now.

I want that hoorah to seal a top.

However the crooks can play it any which way they want and just tank it from anywhere they wish.

They just need to convince the bears that this will “never go down” and when they are convinced, it will go down.

Plan your trade, trade your plan!

[Khalsa]

FTSE has dived into close?

Plan your trade, trade your plan!

[smashie212]

Agree with you Kman, for complacency just take a look at VIX and see how many times this current level has marked a Top in the past.

[Author]

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