THURSDAY 20/03/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 20TH MARCH 2014

Hi all,

Recap ….

Intraday wise …. I banked 20 points in spoos today.

I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 17/03/2014.
TODAY IS DAY3.

KTS
We have a KTS triggered at close on 10/03/2014.
It is now negated after DAY5.

SYSTEM BDIP
We have a BDIP triggered at close on 18/03/201.
Today is DAY2.

DAY1… We got a low of -21.75.
DAY2…
DAY3…
DAY4…

DDUD
None in play.

SYSTEMS TRIGGERED

ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7

SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY

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 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5

SYSTEM SPXE
MORE DOWNSIDE THAN UPSIDE, CHANCES OF -4,-7, THE CLUE TO A DOWN IS SPX TRADING NOT MORE THAN +3, SPX TRADING > +3 GIVES CHANCE TO A POSITIVE CLOSE. IF SPX DOES NOT TRADE MUCH NEGATIVE IT CAN BE A SU SYSTEM BUT DOES NOT CLOSE AT HIGHS.

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

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

Spoos closed at 1851 (basis Jun)

K+3 = 1854

K-3 = 1848

Conclusion

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

We also have a BDIP DAY2 & KTB2 DAY3 in play.

Plan your trade, trade your plan!

[Khalsa]

Spoke to soon.

arrrrggghhhhh arrrrggghhhhh arrrrggghhhhh

My 1855.50 short last night that had 10 point limits in.

Well the low was 1845.75.

That is 9.75 points.

That means once again it missed by this dreaded 0.25 curse.

I will stay calm and focussed and walk away yet again.

 

Plan your trade, trade your plan!

[Khalsa]

and the low later was 1844.75.

That got my limits hit at 1845.50 for 10 points.

The plan and reason for shorting worked out perfect and very pleased with that and yet again am happy with the decision to trade, put limits in and walk away.

I would have been spoked to hell today otherwise (having it missed my limit by 0.25 this morning)

Plan your trade, trade your plan!

[Khalsa]

This 1867 is resistance now but with crooks quad oe tomorrow now it it is definite gamble.

Plan your trade, trade your plan!

[smashie212]

Khalsa wrote:

This 1867 is resistance now but with crooks quad oe tomorrow now it it is definite gamble.

So its the usual long the close and short the opening tick high tomorrow?

[Khalsa]

Well so far Smashie its been DIYD DIYD to my resistance post just above at 1867 as we have fallen back.

1860/1 is support and intraday cit is at 1859. Below that it can fall.

Not sure about longing for tomorrow but yes to shorting any RTH opening tick as always.

aaarrrgghhhh Which means I shall have to sit here to watch it and that I hate in this QE market.

Much prefer putting a trade on and walking away. Its very profitable and non frustrating

Plan your trade, trade your plan!

[Khalsa]

ramp into close.

Looks like you were right Smashie.

It supports at the supports mentioned above to the dot and now 6 points higher

Plan your trade, trade your plan!

[Khalsa]

I am actually very happy with 20 points banked yesterday and 10 points today.

Thats 30 points which is 10 3 pointers and I know for a fact trying to get 10 3 pointers in a row in this market is currently a nightmare

Plan your trade, trade your plan!

[Author]

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