THURSDAY 03/03/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 3RD MARCH 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 2 Longs in Oil, 6 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 03/02/2016.
It is now negated after DAY5.

KTS
We have a KTS5 triggered at close on 23/02/2016.
TODAY IS DAY7.

SYSTEM BDIP
We have a BDIP triggered at close on 02/03/2016.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
We have a DDUD triggered at close on 18/02/2016.
It is now negated after DAY9.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

ESL2
USUALLY GIVES -4/-7

ES8B

SYSTEM 64
UPSIDE UNSUSTAINABLE, RARELY CLOSES AT HIGHS, CAN GIVE -3,-5,-7, BUT CLOSE ERRATIC WITH USUALLY NOT MUCH CHANGE ON THE DAY

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

SYSTEM SPX5D (KHC-3)
USUALLY DO NOT GET MUCH POSITIVE, BUT CAN BE A VERY NEGATIVE PRINT. CAN EXPECT -5,-7,-10.

Spoos closed at 1982.75 (basis Mar)

K+3 = 1985.75

K-3 = 1979.75

Conclusion

We have 1 KHC-3 SYSTEMS in play.

We have a KTS5 DAY7 & BDIP DAY1 in play.

Plan your trade, trade your plan!

[Qman]

Looks bearish enough.

Need some of this downside to stick.

Great night of footie – City, Spurs, and lol lol lol lol – Gooners all lose. Go Leicester.

[MAURITIUS]

Qman wrote:

Looks bearish enough. Need some of this downside to stick. Great night of footie – City, Spurs, and lol lol lol lol – Gooners all lose. Go Leicester.

3-0 to The Bin Dippers. Depressing!!

bit like these markets just now!!

[Khalsa]

Nothing from the SYSTEMS really stands out to me.

2 days of SPX 5D is interesting and is signifying topping.

SYSTEM 64 can be bearish also.

We have a BDIP DAY1 and a KTS that is the most stubborn I have seen.

 

 

 

Plan your trade, trade your plan!

[Khalsa]

Looks a good open for Down but Europe is not weak and dipsters are active, so more than likely it bounces back up unless I see something new.

Below  below 1977 support is 1972 ES where it can change direction

Plan your trade, trade your plan!

[Khalsa]

I really wish I can do something when they get in this mode.

1977 held it and now back up WCB style.

Until it breaks it remains SU

Ongoing SU level now is 1963.

Horrible to trade, run and scalp.

Oil, Gold, Silver are mu bonus, The indices my bain currenty

 

Plan your trade, trade your plan!

[Khalsa]

1983/5 is resistance, but whether it can hold is another matter.

I cannot add further to shorts as it stands.

Plan your trade, trade your plan!

[Khalsa]

High was 1983.75 and low remains this 1977 area.

Nothing I can do with this as it stands.

Plan your trade, trade your plan!

[Khalsa]

Held the support, broke the resistance.

and here we are at 1990.

SPX CASH wise its 2000 roundie next and then 2020/3. Above that all bearishness has to be abandoned.

Looks like another BDIP at close will trigger

 

Plan your trade, trade your plan!

[Khalsa]

I am so glad I am not adding to shorts. Simply no point when it gets like this.

Plan your trade, trade your plan!

[Khalsa]

Nearly up 200 points form the lows now.

This will make many abandon any bearish calls they have.

It is relentless in every sense.

I am expecting a 30 point breakdown soon, but in the scheme of things that is ZERO.

 

Plan your trade, trade your plan!

[Author]

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