MONDAY 09/05/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 9TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 51 points today.

I have 1 Short in Ftse, 9 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 06/05/2016.
TODAY IS DAY1.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
It is now negated after DAY6.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY3.

SYSTEMS TRIGGERED

ESH3 ND (KHC+5)
SHOULD GET +5

ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.

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

ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWS

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.

ES100 (KHC +3)
SHOULD GET +3, ONCE PAST +3 SHOULD GO ON TO POSSIBLE +5/+7/+10. UPSIDE SHOULD BE MORE THAN DOWNSIDE

SPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.

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 2054.25 (basis Jun)

K+3 = 2057.25

K-3 = 2051.25

Conclusion

We have 3 KHC+3 & 1 KHC+5 SYSTEMS in play.

We have a KTB2 DAY1 & DDUD DAY3 in play.

Plan your trade, trade your plan!

[Khalsa]

Positive KHC’s continue but with WNER day, I suppose its of no consequence really.

The late day WCB’s continue to rescue the day with still no downward traction in crookshour.

2040 SPX was the exact support more or less with the low on Friday of 2039.45. Thats a worry as I always say that each of my supports identified on the way down are potential ping points.

2070 SPX ish must act as resistance now. I will fine tune it as always with an ES level intraday.

China has broken back below 3000 which is good, so its that vs WNER today. It might sink in later today / tomorrow.

So the plan for this week ….

My guess is we are in a contra rally back up, but still on the way to 1980 ish. Its just speculation until we get confirmation for now.

Lets see what happens re: Europe and then 3.30pm high today (for USA)

 

Plan your trade, trade your plan!

[smashie212]

Kman

How about this chart to support your thoughts regarding Quad opex :

 

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[Qman]

Today it looks weaker than an Arsenal title charge, but WNER keeps pushing it up…

[Khalsa]

I am really confused over this one Smashie.

I am still expecting 1980 ish.

I think it will be short sharp and soon.

I will be wrong over 2075/80 SPX ish. That is now only 15/20 points away.

All crookshours seem up so if it gets traction today and then we get an early high tomorrow, that is done and then we see its intention.

Intraday wise its over to 2060/3 ES again,

 

 

 

 

 

Plan your trade, trade your plan!

[smashie212]

Qman wrote:

Today it looks weaker than an Arsenal title charge, but WNER keeps pushing it up…

I misread that.   Thought u wrote WENGER keeps pushing it.. LOL

[Author]

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