MONDAY 28/04/14 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 28TH APRIL 2014

Hi all,

Recap ….

Intraday wise …. I banked 5 points in spoos today.

I have 1 short in Ftse, 16 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
We have a BDIP triggered at close on 14/04/2014.
It is now negated after DAY4.

DAY1… We got a low of -15.25.
DAY2… We got a low of +1.00.
DAY3… We got a low of -6.25.
DAY4… We got a low of -1.50.

DDUD
None in play.

SYSTEMS TRIGGERED

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

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

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

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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

Spoos closed at 1860.25 (basis Jun)

K+3 = 1863.25

K-3 = 1857.25

Conclusion

We have 3 KHC+3 SYSTEMS in play.

Plan your trade, trade your plan!

[MAURITIUS]

Looks like an up day 🙁

[MAURITIUS]

Opened plus 2 so no chance to attack the khc+3

[Khalsa]

Is there any surprise Dan in that lol.

WNER and the recent MS targets have printed.

“Take the day off” day it seems.

Unless its a double bluff 🙂 which is due any days now imo

Plan your trade, trade your plan!

[MAURITIUS]

Ok nothing doing here…

Off to bed… Good night…

[MAURITIUS]

Lol crossed my mind we may have a super sfd down…. Or print the +3 and tank. Still I am TBMBKTM.  Lol

[Khalsa]

Night, night Danielle

Plan your trade, trade your plan!

[Khalsa]

Here we go. WNER in play.

So far +3 prints to the dot

Plan your trade, trade your plan!

[Khalsa]

The WNER pattern always cracks me up. Its as if the more it goes up, the more they buy.

Yet day after WNER can be a total reversal.

Plan your trade, trade your plan!

[Khalsa]

and WNER continues …

Plan your trade, trade your plan!

[Qman]

Remember SPX 1874/5 being resistance a while back – still the case?

[Khalsa]

Nigel … The support band on SPX is 1855/60. Only when that breaks down can we see the next downleg.

The resistance is realistically 1885 ish on SPX now.

ES wise we have good resistance at 1867 ish which is where we are “stuck” now.

However on RTH open on a WNER day, that can mean very little.

We have to let WNER show its hand and so far its perky.

I will not short the for the opening trade today as it stands

Plan your trade, trade your plan!

[Khalsa]

I do like FTSE as a short here at 6713 but the Astra Zeneca bid and WNER stops me from shorting for now

Plan your trade, trade your plan!

[Khalsa]

Whichever way I look at it, there were points on FTSE and still are, despite all that rubbish from the US markets.

shooting down at open, mega WCB up and now shooting down again.

Very jittery markets and looks like a big move coming very soon.

1862 is SU level and 1859 is intraday CIT.

This market can do anything, support there and shoot up again or die. If it breaks it can fall more nicely

Plan your trade, trade your plan!

[Khalsa]

Low was 1859.50 just now, just about the intraday CIT of 1859.

Plan your trade, trade your plan!

[Author]

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