THURSDAY 12/12/2013 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 12TH DECEMBER 2013

Hi all,

Recap ….

Intraday wise …. I banked 27 points in spoos today.

I have 1 short in Ftse & 18 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB2 triggered at close on 24/10/2013.
IT IS NOW NEGATED AFTER DAY4.

KTS

We have a KTS5 triggered at close on 11/12/2013.
TODAY IS DAY1.

SYSTEM BDIP

We have a BDIP triggered at close on 09/12/2013.
TODAY IS DAY3.

DAY1… We got a low of -8.00.
DAY2… We got a low of -24.00.
DAY3…
DAY4…

We have a BDIP triggered at close on 04/12/2013.
It is now negated after DAY4.

DAY1… We got a low of -10.00.
DAY2… We got a low of +0.25.
DAY3… We got a low of -1.00.
DAY4… We got a low of -8.00.

We have a BDIP triggered at close on 02/12/2013.
It is now negated after DAY4.

DAY1… We got a low of -14.00.
DAY2… We got a low of -13.75.
DAY3… We got a low of -10.00.
DAY4… We got a low of +0.25.

DDUD

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

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

SYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.

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

SYSTEM SPX5
Not much lower in RTH, High +4/+5, HOWEVER IF SPX GAPS DOWN OPEN IT CAN BE A SERIOUS NEGATIVE SD DAY

SYSTEM SPX5B
TRENDING SYSTEM, IF SPX TRADES > -3 LOW THEN CAN GET +3/+5, IF SPX TRADES < -3 SHOULD GET -3/-5, IF HIGH TRADED IS < 3 THEN SD DAY AND CLOSE NEGATIVE

SPX18
CHANCE OF A GOOD TRENDING DAY. IF HIGH TRADED IS <3, CHANCE OF A DOUBLE DIGIT DOWN DAY. IF LOW TRADED > -3, CHANCE OF POSITIVE CLOSE.

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 1780.75 (basis Dec)

K+3 = 1783.75

K-3 = 1777.75

Conclusion

We have 3 KHC+3 SYSTEMS in play.

We have a BDIP DAY3 & KTS5 DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

Well what an excellent DAY yesterday as per plan. We printed 1780 MS target.

I managed to bank 27 points in all that.

So where now?

Well it is in a downtrend for now but it means little in a QE market when dipsters can arrive for duty anytime after a day off.

I am pretty sure we are in a downtrend and we must sell rallies but with crooks quad oe next week, we got to be very careful.

For now we need to hold 1786 and 1791 as resistance.

The SPX M is in play as per yesterdays thread with those targets. We have hit just short of the first target and next one is way below if it breaks.

Nothing more to add at this stage as I am keeping it short and sweet and just hitting the sure trades for now.

I will be happy to short 1788/9 ish (midpoint of resistance above) tomorrow if I can get it.

Plan your trade, trade your plan!

[MAURITIUS]

A kts.

Perhaps it’s pop n drop given the systems…?

Bdip in play still but could rest after yesterday’s move.

[Khalsa]

It is a kts5 Dan so can be a drop pop and if it wants a drop again which is optional

Plan your trade, trade your plan!

[MAURITIUS]

Good morning,

I closed last short at 78 something this morning at 6am before falling asleep again lol.

In light of the khc+3’s etc I thought I could reshort higher if I wanted.

[Khalsa]

Excellent Dan.

Right good luck all, I need to pop out now.

I am putting limits in to short 1787. Risky but there you go.

See you later

Plan your trade, trade your plan!

[MAURITIUS]

Now are we in sell rallies and trend down mode now? or are we just at the bottom of this recent range with a trip back up to 1810 due perhaps for Christmas.

Last day of bdip tomorrow, so unless we get some more negative systems kick in I am wary of going hell for leather short lol

Dan.

[Khalsa]

No Gap at open so no GFS today.

Plan your trade, trade your plan!

[MAURITIUS]

Good afternoon,

Flat here and nervous it tanks without me on board. lol

That shouldn’t be my thinking I guess. Wait fr a set up rather than a gamble gut trade…

Dan.

[Qman]

Evening all – K man where is/was support? Good luck all

[Khalsa]

As it stands Nigel, supports I am not bothered about.

Resistances need to hold.

First resistance is 1775.25 and then 1779. Above that it can rally some

Plan your trade, trade your plan!

[Khalsa]

The last of my recent (pre NFP’s) short from 1784.75 has had limits hit for 10 points.

The only way is to walk away in a downtrend and not get spooked by the mustard crooks qe wriggles

Another 10 points for me is great from these underwaters.

No it gets hard as the next closest is a short from 1758.25

Plan your trade, trade your plan!

[Khalsa]

Real apologies guys, looks like MS went long at 1775. I missed it completely.

1775 and 1779 resistance has broken up for now.

Looks like the dipsters have returned for duty and finished their XMAS shopping now

Plan your trade, trade your plan!

[MAURITIUS]

ah well not to worry…lets see where systems guide us tomorrow…

[MAURITIUS]

long 1774.63 march basis I think +3 prints again (not sure it quite hit earlier)

Dan.

[Author]

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