THURSDAY 10/10/2013 SYSTEMS & INTRADAY

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  • #1176
    Khalsa
    Moderator

      SYSTEMS FOR THURSDAY 10TH OCTOBER 2013

      Hi all,

      Recap ….

      Intraday wise …. I banked 14 points in spoos today.

      I have 1 longs in spoos, 1 short in Ftse & 14 shorts in spoos and 2 swing positions open.

      Onto today …

      KP
      None in play.

      KTB

      We have a KTB2 triggered at close on 01/10/2013.
      IT IS NOW NEGATED AFTER DAY1.

      KTS

      We have a KTS5 triggered at close on 08/10/2013.
      TODAY IS DAY2.

      SYSTEM BDIP
      We have a BDIP triggered at close on 02/10/2013.
      It is now negated after DAY4.

      DAY1… We got a low of -20.25.
      DAY2… We got a low of -2.25.
      DAY3… We got a low of -18.25.
      DAY4… We got a low of -19.50.

      DDUD
      We have a DDUD season triggered at close on 11/07/2013.
      It is now negated after DAY2.

      SYSTEMS TRIGGERED

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

      ESH3(KHC+5)
      CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS BUT CAN CLOSE POSITIVE

      SYSTEM 70 (KHC +3)
      USUALLY GIVES +3

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

      SPXB
      MORE CHANCE OF POSITIVE THAN NEGATIVE.

      Spoos closed at 1648 (basis Dec)

      K+3 = 1651

      K -3 = 1645

      Conclusion

      We have 3 KHC+3 & 1 KHC+5 SYSTEMS in play.

      We also have a KTS5 DAY2 in play.

      Plan your trade, trade your plan!

      #1178
      Khalsa
      Moderator

        Wow so yesterday I mentioned that the KTS5 can be a drop and pop and it indeed was.

        Now KTS5 DAY2 can be a rest day / up day and it can then get negated and become a KTB.

        Wednesday was a great trading day with 14 points banked on 3 trades.

        For now TREND remains down but we can bounce some more.

        So where now?

        Plan your trade, trade your plan!

        #1179
        Khalsa
        Moderator

          THE LEVELS

          Resistance is at 1657. Above that it can rally some more and it will be over to intraday levels,

          Support is at 1648/9 and then 1640. Below 1640 it carries on down.

          Good luck

          Plan your trade, trade your plan!

          #1180
          Qman
          Participant

            Longed 1649.5 after close on assumption that support from earlier still stood – now a couple of points up. Stop now in at break even (so I can sleep!!) and limit to close at 57.

            #1181
            Khalsa
            Moderator

              Conclusion

              For now THE DOWNTREND remains.

              SYSTEMS suggest a +3/+5 again with the KHC’s and the SYSTEMS have been very hot lately, as yesterdays MS trigger showed.

              I am pretty sure we can see 1657 again form the resistance again.

              However whether it sells off from there or whether it breaks up temporarily, is an unknown.

              I will continue to play the same game of hit and runs as that is what is working great.

              It needs a plan and patience and then execution and that is what all of us need to do to become successful daily.

              Plan your trade, trade your plan!

              #1182
              Khalsa
              Moderator

                Longed 1649.5 after close on assumption that support from earlier still stood – now a couple of points up. Stop now in at break even (so I can sleep!!) and limit to close at 57.

                Indeed very well done for noting that Nigel, a support I post (albeit THE LEVELS or intraday levels) remains support until it breaks. Same for resistance.

                Personally whilst I agree with running it, I also enjoy my sleep nowadays and if one can get 5 points on a trade and close before anything “unknown” (ie not being able to watch it whilst asleep), then I have to bank that 3-5 points.

                Good luck with it.

                Plan your trade, trade your plan!

                #1183
                Khalsa
                Moderator

                  THE LEVELS Resistance is at 1657. Above that it can rally some more and it will be over to intraday levels, Support is at 1648/9 and then 1640. Below 1640 it carries on down. Good luck

                  Good morning all,

                  We have hit 1657.50 at the high so again bang on resistance.

                  Looks like Nigel’s limits have been hit to close his long at 1657.

                  Plan your trade, trade your plan!

                  #1184
                  Qman
                  Participant

                    Indeed!! 7.5 points bagged – beautiful

                    #1188
                    Khalsa
                    Moderator

                      Conclusion For now THE DOWNTREND remains. SYSTEMS suggest a +3/+5 again with the KHC’s and the SYSTEMS have been very hot lately, as yesterdays MS trigger showed. I am pretty sure we can see 1657 again form the resistance again. However whether it sells off from there or whether it breaks up temporarily, is an unknown. I will continue to play the same game of hit and runs as that is what is working great. It needs a plan and patience and then execution and that is what all of us need to do to become successful daily.

                      With 1657 done now and broken above after hitting that area a number of times, tells me to be cautious and not attempt anything stupid.

                      I am therefore going to do some errands now and will be back around 1pm.

                      See you then

                      Plan your trade, trade your plan!

                      #1190
                      Khalsa
                      Moderator

                        Wow so super cool I walked away and did not short.

                        This is a mad up globex move and by all accounts so far a break up.

                        However lets see open and lets see SYSTEM GFS

                        Plan your trade, trade your plan!

                        #1191
                        Khalsa
                        Moderator

                          SPX strong resistance is 1678/1681 area.

                          That area is total key. If that goes it is 1692 and above that its off to the races again

                          Plan your trade, trade your plan!

                          #1192
                          smashie212
                          Participant
                            #1193
                            smashie212
                            Participant

                              or should that be taper off , yellen being a dove will want to see an improvement in job numbers before reining it in, even more so than Ben

                              #1194
                              Khalsa
                              Moderator
                                #1195
                                Khalsa
                                Moderator

                                  Ah cross posted.

                                  Well this is on mega fire and from now on all bad numbers is good news.

                                  Infact US shutdown is good as that will lead to more problems which they think they will solve by printing more money and that will make the crooks happy and they will buy them,

                                  How warped is that

                                  On that basis I cannot see GFS triggering today and nor can I long here.

                                  However my lone long from 1676 is now only 4 points out.

                                  That is crazy.

                                  Whatever the case it is +23 and that means I got to take it.

                                  Closed 1676 long at 1672 for a 4 point loss

                                  It will probably come into profit, but I kept it for a spike and now I have that spike to get out, I have to take it.

                                  Plan your trade, trade your plan!

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