THURSDAY 26/05/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 26TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 8 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 16/05/2016.
It is now negated after DAY3.

KTS
We have a KTS triggered at close on 20/05/2016.
TODAY IS DAY4.

SYSTEM BDIP
We have a BDIP triggered at close on 25/05/2016.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY16.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

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

ESHA

ESL2
USUALLY GIVES -4/-7

ES90
DOWNSIDE SHOULD BE MORE THAN UPSIDE. USUALLY PRINTS LITTLE POSITIVE AND NEGATIVE CAN BE -5, -7. HIGHS SHOULD BE CONTAINED WITHIN +6 AND GOOD CHANCE OF A NEGATIVE CLOSE.

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

SPX 10C
MORE DOWNSIDE THAN UPSIDE, SHOULD GET -3 POSSIBLY -5. IF TRADE PAST +4 CAN CLOSE POSITIVE

Spoos closed at 2087.25 (basis Jun)

K+3 = 2090.25

K-3 = 2084.25

Conclusion

We have NO KHC SYSTEMS in play.

We have a BDIP DAY1, KTS DAY4 & DDUD DAY16 in play.

Plan your trade, trade your plan!

[Khalsa]

We have no KHC’s but in MAD MODE not sure that means much.

We have a BDIP, but again in MAD MODE we need a double or a triple to knock this out

We are on trigger for another KTS but this current one for whatever reason has not negated yet.

MAD MODE is exactly this. You just cannot step in its way. As I say I am grateful for all the shorts I have closed recently as I never put any back on.

The game for a while has been to PING from the supports and 2040/3 was such, if it had broken, then 1980 was the target.

For now we need to wait for the next plan and that may involve resistance at 209x.x for a reversal back down towards 1980 this time.

 

Plan your trade, trade your plan!

[Khalsa]

Just looks like a sideways consolidation for now.

It just does not want to retrace.

As it stands we will have a new KTS at close

Plan your trade, trade your plan!

[Author]

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