THURSDAY 10/08/2017 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 10TH AUGUST 2017

Hi all,

Recap ….

Intraday wise…. I banked 0 points in spoos today. I have 1 short FTSE, 1 long in Gold, 1 long in Silver, 1 short on Dow, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 05/06/2017.
It is now negated after DAY7.

KTS
We have a NEW KTS triggered at close on 08/08/2017.
TODAY IS DAY2.

SYSTEM BDIP
We have a BDIP triggered at close on 25/07/2017.
It is now negated after DAY4.

DAY1… We got a low of -2.75.
DAY2… We got a low of -16.25.
DAY3… We got a low of -10.50.
DAY4… We got a low of -5.00.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.

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

SYSTEM ES6
COULD BE A TRENDING DAY EITHER WAY, BUT DOES NOT CLOSE NEAR HIGHS OR LOWS

ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWS

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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 SPX6A
USUALLY GIVES +3/+5. BUT DOES NOT ALWAYS CLOSE POSITIVE.

Spoos closed at 2473 (basis Sep)

K+3 = 2476

K-3 = 2470

Conclusion

We have 2 KHC+3 SYSTEM in play.

We have a KTS DAY2 in play.

Plan your trade, trade your plan!

[Khalsa]

From yesterday …

Khalsa wrote:

A new KTS and a KHC-5 SYSTEM that has already come in. This can go two ways now. The way that has been normal in that it just bounces straight back up again after yesterdays pop and drop. or It looks really good for a top yesterday. The target would be back to 2458 ish. I think it is really feasible here. I also feel that we should have put in a more meaningful top and should 2455 ish break down, we can fall further. I will short any early rally today.

KTS got it and this is a game changer. 2455 broke, backtested earlier and now 2435.

I think we still go lower.

Plan your trade, trade your plan!

[Author]

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