TUESDAY 01/07/2014 SYSTEMS & INTRADAY

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  • #6586
    Khalsa
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      SYSTEMS FOR TUESDAY 1ST JULY 2014

      Hi all,

      Recap ….

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

      I have 1 short in Ftse, 21 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.
      TODAY IS DAY4.

      KTS
      We have a KTS triggered at close on 16/06/2014.
      It is now negated after DAY1.

      SYSTEM BDIP

      We have a BDIP triggered at close on 18/06/2014.
      It is now negated after DAY4.

      DAY1… We got a low of -5.25.
      DAY2… We got a low of -2.00.
      DAY3… We got a low of -3.25.
      DAY4… We got a low of -13.00..

      DDUD
      None in play.

      SYSTEMS TRIGGERED

      SYSTEM SPXG
      More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.

      Spoos closed at 1954.50 (basis Sep)

      K+3 = 1957.50

      K-3 = 1951.50

      Conclusion

      We have NO KHC SYSTEMS in play.

      We have a KTB DAY4 in play.

      Plan your trade, trade your plan!

      #6587
      Khalsa
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        DAY2 MS minimum target 1948.50

        We need to break 1949/50 support down to roll down.

        NASDAQ needs to weaken for this to fall.

        TRIN closed at 1.35 on Monday which is not proportionate with the move on indices.

        Therefore if TRIN is telling the truth, we need to go down.

         

        Plan your trade, trade your plan!

        #6588
        Khalsa
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          Another night of very low (literally non existent) volume so far.

          This to me is still a corrective move up of a downtrend that has started, however there is nothing that is 100% conclusive to support that.

          It could still be a rest in the uptrend to 2000 SPX.

          However personally I feel that the move down has started and we are falling 70-130 points from the high.

           

          Plan your trade, trade your plan!

          #6592
          Khalsa
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            Oh well so much for that. One day is all it takes to completely change the game.

            MS did what it should and now up again

            There is no follow through to the downside.

            Today is just totally ridiculous after yesterdays low volume.

            Plan your trade, trade your plan!

            #6593
            Khalsa
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              SU level 1967. Nothing to say for Bears until that breaks down for now.

              DOW just hit 16998.7, yet TRIN is 0.95?

              Plan your trade, trade your plan!

              #6594
              smashie212
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                Kman

                Is there a typo with the MS trigger ? if it went short at 1953.50 it only dropped 2 handles before resuming back up

                #6595
                Khalsa
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                  Definite typo Smashie and thanks for pointing out.

                  It needed to print 1948.50 and got nowhere near today.

                  Thanks for pointing out.

                  Lets see what DAY3 brings.

                  Crookshour has started down but with the WCB’s in play, it means nothing sadly

                  Plan your trade, trade your plan!

                  #6597
                  MAURITIUS
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                    July 4th coming…

                    More upside likely then unless the evil doers give us a false flag.

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