THURSDAY 07/04/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 7TH APRIL 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 9 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 30/03/2016.
TODAY IS DAY6.

KTS
We have a new KTS triggered at close on 14/03/2016.
It is now negated after DAY8.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 05/04/2016.
TODAY IS DAY2.

SYSTEMS TRIGGERED

ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3

ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3

ESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAY

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.

SYSTEM 81 (KHC+3)
USUALLY GIVES +3,+5

 

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 SPX3
SHOULD GET -3/-5. IF SPX TRADES < +3 HIGH THEN CHANCE OF TRENDING DOWN

SPX7B

Spoos closed at 2060.25 (basis Jun)

K+3 = 2063.25

K-3 = 2057.25

Conclusion

We have 5 KHC+3 SYSTEMS in play.

We have a KTB DAY6 & DDUD DAY2 in play.

Plan your trade, trade your plan!

[Zarif]

Good Morning one and all

comatose ES at moment

Draghi and yellin later today

 

Good luck all

Small droplets of rain turn into Rivers, Streams and Mighty Oceans

[Khalsa]

This is all about the 10 DMA on SPX.

If it can now get below we should head back down.

I am hoping for 2040 next now that 2080 target is done. (or close to)

Plan your trade, trade your plan!

[Khalsa]

Very, very, very good start.

Now we need no GFS.

and then no early low.

Then I hope we see a -30 type day

Plan your trade, trade your plan!

[Khalsa]

Khalsa wrote:

This is all about the 10 DMA on SPX. If it can now get below we should head back down. I am hoping for 2040 next now that 2080 target is done. (or close to)

2052 is resistance.

2040 is first target

Plan your trade, trade your plan!

[Khalsa]

Zarif I think I read on the free side you went long £/$

Please be careful. I would not be long with EU referendum coming.

I think 1.37 is a deal and maybe even as low as 1.33.

Plan your trade, trade your plan!

[Khalsa]

Zarif I think I read on the free side you went long £/$

Please be careful. I would not be long with EU referendum coming.

I think 1.37 is a deal and maybe even as low as 1.33.

Plan your trade, trade your plan!

[smashie212]

Did GFS trigger ?

[Khalsa]

No GFS.

Now onto stage 2 which hopefully is no early low.

Then hopefully we see 2040

Plan your trade, trade your plan!

[smashie212]

I guess every man and his canine can see the IHS forming now, targeting low 2000’s.

[Khalsa]

ssshhh did not want to say that here!

Let any man bus us say it lol.

2040 then recent low area (big support) 2035.

After that 2013.

Plan your trade, trade your plan!

[smashie212]

Also opex fri next week 15th, so the big move kicks off today/tomorrow.

[Qman]

2040 prints. Probably DDUD from this support

[Khalsa]

Oh dear, its trying to bounce and its 3.30pm to the dot!

Low was 2039.75 to the dot so for me thats the 2040 low too.

Plan your trade, trade your plan!

[Khalsa]

I closed a DOW short that I took on Tuesday for 202 points.

Plan your trade, trade your plan!

[Author]

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