THURSDAY 24/07/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 24TH JULY 2014

Hi all,

Recap ….

Intraday wise …. I banked 0 points in ES today.

I have 1 short in Ftse, 20 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 25/06/2014.
It is now negated after DAY6.

KTS
We have a KTS triggered at close on 23/07/2014.
TODAY IS DAY1.

SYSTEM BDIP

We have a BDIP triggered at close on 16/07/2014.
It is now negated after DAY4.

DAY1… We got a low of -25.50.
DAY2… We got a low of -11.50.
DAY3… We got a low of -12.50.
DAY4… We got a low of -1.25.

DDUD
None in play.

SYSTEMS TRIGGERED

SYSTEM ES3
SHOULD GET -3. UPSIDE AND DOWNSIDE UNSUSTAINABLE. LOWS TRADED SHOULD BE LOWER THAN HIGH TRADED, SHOULD NOT CLOSE AT HIGHS, IF WE TRADE < -3 CHANCE OF -7, -10.

ES10
DOJI DAY WITHIN A 8 POINT RANGE AND TOWARDS -VE BIAS. ANY GAP UP OPEN SHOULD FILL THE SAME DAY.

SYSTEMSPX3
SHOULD GET -3/-5. IF SPX TRADES < +3 HIGH THEN CHANCE OF TRENDING DOWN

SPX 10

Spoos closed at 1980.75 (basis Sep)

K+3 = 1983.75

K-3 = 1977.75

Conclusion

We have NO KHC SYSTEMS in play. Any Gap up open should be filled as per ES3.

We have a KTS DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

Sadly just another idiotic day.

We printed a -4 which just missed the minimum to satisfy KTS DAY1.

SPX is a mere 10 points from the 2000 roundie which really means nothing other than a psychological number in these markets.

1980/2 ES is the support to break down

Plan your trade, trade your plan!

[Khalsa]

I would love to say more as I live and dream the markets but this is no dream currently sadly.

Its the same nonsense every day but just a different day.

The only way to make money is to long and I am just not prepared to do that as when it does fall it will be very fast and it will trap any longers.

 

Plan your trade, trade your plan!

[Khalsa]

1985 is a MUST HOLD now intraday

1980/2 remains the mustard support

Plan your trade, trade your plan!

[Khalsa]

What a tough call.

I want to short 1985. I just had 1984 but just could not do it.

So the wait continues as SU days over the recent past are SU into close.

1980/2 remains the MUST HOLD

Plan your trade, trade your plan!

[Khalsa]

One word … SWINES!

DIYD DIYD

Plan your trade, trade your plan!

[Khalsa]

This actually sets up for a lovely down day tomorrow, thats if it wants to play ball. below 1980/2

Plan your trade, trade your plan!

[Author]

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