MONDAY 26/09/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 26TH SEPTEMBER 2016

Hi all,

Recap ….

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

I have 1 short in Silver, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 15/09/2016.
TODAY IS DAY7.

KTS
We have a KTS5 triggered at close on 09/09/2016.
It is now negated after DAY4.

SYSTEM BDIP
We have a BDIP triggered at close on 12/09/2016.
It is now negated after DAY4.

DAY1… We got a low of -39.75.
DAY2… We got a low of -10.25.
DAY3… We got a low of -5.50.
DAY4… We got a low of -15.00.

DDUD
We have a DDUD triggered at close on 14/09/2016.
It is now negated after DAY3.

SYSTEMS TRIGGERED

ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7

ESC
CAN GET A +3 BUT SHOULD GET A -3. CHANCES OF -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

ES5
SHOULD GET +3,+5 BUT RARELY CLOSES AT HIGHS

ES 5B
CAN GIVE UPTO +5 & -5. INITIAL DIRECTION IS USUALLY A FADE.

ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWS

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

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM SPX2
GOOD CHANCE OF +5, IF THE CLOSE IS POSITIVE THEN THE NEXT DAY AFTER COULD BE DOUBLE DIGIT DOWN

Spoos closed at 2158.75 (basis Dec)

K+3 = 2161.75

K-3 = 2155.75

Conclusion

We have 3 KHC+3 & 1 KHC-4 SYSTEMS in play.

We have a KTB2 DAY7 in play.

Plan your trade, trade your plan!

[Khalsa]

The hope here is that the FED rally is over and ES5C can take this back down.

It is WNER Monday I know but then crooksday was down, which is goof.

We are close to the 2140/3/5 support area, so lets see if it tags support or it can fail.

Plan your trade, trade your plan!

[Khalsa]

Europe for whatever reason is saying down.

Best falls in Europe I have seen in a while.

If this is all a lower high then we can really start to roll down in this down leg.

I do not want to jump the gun yet as we are still above 2040/3/5 and that could be a ping point still

Plan your trade, trade your plan!

[Khalsa]

Khalsa wrote:

Europe for whatever reason is saying down. Best falls in Europe I have seen in a while. If this is all a lower high then we can really start to roll down in this down leg. I do not want to jump the gun yet as we are still above 2040/3/5 and that could be a ping point still

All day it has been in this 2040/3/5 lower range.

It has not broken but we now have a weak crooksday and then the weak WNER.

There is a very good chance this can develop into a leg down with 2010/3 as the next target. Below that fireworks for us, which will be super.

 

Plan your trade, trade your plan!

[Khalsa]

The only problem is that today should really have been a -30 type day. They are just not letting it go

It needs to gap below this 2040/3 area to break down. So that is what we look out for tomorrow.

Either way it MUST hold below 2155 area now as resistance

 

Plan your trade, trade your plan!

[Author]

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