THURSDAY 20/07/2017 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 20TH JULY 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 1807/2017.
TODAY IS DAY2.

SYSTEM BDIP
We have a BDIP triggered at close on 19/07/2017.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

We have a BDIP triggered at close on 13/07/2017.
It is now negated after DAY4.

DAY1… We got a low of -3.25.
DAY2… We got a low of -2.00.
DAY3… We got a low of -10.50.
DAY4… We got a low of 0.00.

SYSTEMS TRIGGERED

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

ESL2
USUALLY GIVES -4/-7

SYSTEM ES3A

ES4A
SHOULD GET A -3, HOWEVER CHANCES OF A POSITIVE CLOSE. IF NO -3 NEXT DAY SHOULD PRINT A GOOD LOW.

SYSTEM ES7
POSSIBLE DOJI DAY, CAN BE WHIPPY AND UNTRADEABLE, ANY GAP UP OPEN SHOULD FILL THE SAME DAY. ITS NOT A SU MARKET AND RARELY MAKES MUCH PROGRESS.

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

ES19

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 SPX1 (KHC-3)
LITTLE UPSIDE MORE DOWNSIDE. IN THE 18 TIMES THIS HAS TRIGGERED, WE HAVE ONLY TRADED TWICE SPX >+4 AND THEY WERE THE ONLY POSITIVE CLOSES. NORMALLY GAP DOWN ON SPX, NO GAP FILL AND CLOSE NEGATIVE.

SPX4A

SYSTEM SPX5D (KHC-3)
USUALLY DO NOT GET MUCH POSITIVE, BUT CAN BE A VERY NEGATIVE PRINT. CAN EXPECT -5,-7,-10.

Spoos closed at 2471.50 (basis Sep)

K+3 = 2474.50

K-3 = 2468.50

Conclusion

We have 2 KHC-3 SYSTEMS in play.

We have a KTS DAY2 & BDIP DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

So today we have good systems for downside.

We also have a BDIP & KTS combo.

Its also a Thursday (the only day the market is allowed to fall)

All this means is it can be weak today but a downday sadly is not the opposite of what an upday is.

No idea how it can just keep going up. Ie how there can be no sellers and only buyers for this length of time in something that is liquid.

Lets see where it ends up today.

Plan your trade, trade your plan!

[Author]

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