MONDAY 28/07/14 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR MONDAY 28TH JULY 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 20 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 25/06/2014.
It is now negated after DAY6.

KTS
We have a KTS triggered at close on 23/07/2014.
It is now negated after DAY2.

SYSTEM BDIP

We have a BDIP triggered at close on 16/07/2014.
It is now negated after DAY4.

DAY1… We got a low of -25.50.
DAY2… We got a low of -11.50.
DAY3… We got a low of -12.50.
DAY4… We got a low of -1.25.

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,

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.

Spoos closed at 1970.75 (basis Sep)

K+3 = 1973.75

K-3 = 1967.75

Conclusion

We have 3 KHC+3 SYSTEMS in play.

Plan your trade, trade your plan!

[Khalsa]

Well so far after Friday down, Monday has not been a roar away.

A dipster spike was tried  exactly at 2am US time but failed.

We have printed a +2.50 out of the KHC’s which is enough to be bearish and miss it at this stage of the cycle.

1967 gap filled in globex but will need to in RTH.

Next gap is 1953.50 which is that mustard 1950/3/5 support area that needs to break.

Plan your trade, trade your plan!

[MAURITIUS]

So you not concerned that the systems appear mostly positive…..?

Maybe the plus 2.5 is enough if we entering bear mode, but are we….? Lol

 

[Khalsa]

Indeed Dan, thats how I see it.

Small gap up, +3.75 has printed. Went to a -11. Dispter bounce for WNER and now reacted.

Its a gamble now buit I would have thought 1950/3/5 needs to be tested again as a minimum

 

 

Plan your trade, trade your plan!

[Khalsa]

Oh well, yet another WNER and total waste of effort by the Bears.

DOW back to 17k.

Overall CIT level at 1976.25. Above that and its all back up again

Plan your trade, trade your plan!

[Khalsa]

So fat DOW 17001 is the high and 

Khalsa wrote:

Oh well, yet another WNER and total waste of effort by the Bears. DOW back to 17k. Overall CIT level at 1976.25. Above that and its all back up again

So far DOW 17001 is the high as is ES 1976 and we have a reaction down.

Problem is the reaction down has been orderly so no idea if it will want to try again but given its order, it seems likely

Plan your trade, trade your plan!

[Khalsa]

1970 now the intraday CIT level below that and the mustards can take it back down.

Crookshour next

Plan your trade, trade your plan!

[Author]

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