TUESDAY 03/05/2016 SYSTEMS & INTRADAY

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  • #22372
    Khalsa
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      SYSTEMS FOR TUESDAY 3RD MAY 2016

      Hi all,

      Recap ….

      Intraday wise …. I banked 0 points today.

      I have 1 Short in Ftse, 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 30/03/2016.
      It is now negated after DAY6.

      KTS
      We have a NEW KTS5 triggered at close on 28/04/2016.
      TODAY IS DAY3.

      SYSTEM BDIP
      None in play.

      DDUD
      We have a DDUD triggered at close on 05/04/2016.
      It is now negated after DAY6.

      SYSTEMS TRIGGERED

      ESH2 NEXT DAY (KHC+3)
      USUALLY GIVES +3

      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

      ESL2
      USUALLY GIVES -4/-7

      SYSTEM 70 (KHC +3)
      USUALLY GIVES +3

      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

      SPX3B
      SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGE

      SPX4A

      Spoos closed at 2074.50 (basis Jun)

      K+3 = 2077.50

      K-3 = 2071.50

      Conclusion

      We have 2 KHC+3 SYSTEMS in play.

      We have a KTS5 DAY3 in play.

      Plan your trade, trade your plan!

      #22374
      Khalsa
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        Not too sure with these SYSTEMS today really.

        I am tempted to say that yesterday was just pure WNER pollux but I feel we may go a bit higher yet to 2088.2090 ish on SPX.

        I will hold off shorting further for now and if it falls good, I am already short.

        Plan your trade, trade your plan!

        #22376
        MAURITIUS
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          Cmon on mustards…. Sell off…

          Turd’s monthly moving averages remain crossed so the downside remains possible basis that cross…..

           

          #22377
          Khalsa
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            Sorry for the late post guys, GFS has not triggered for today.

            Navnit

            Plan your trade, trade your plan!

            #22378
            smashie212
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              Thanks Navnit.

              Could be a risk of a double bottom, if bears can’t drive it below support.

              #22379
              Khalsa
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                Bounced too early and wrong footed me. It looked weak so closed nothing.

                Hopefully its just topping with sharp rallies and hence down later

                Needs to stay below 2065

                Plan your trade, trade your plan!

                #22380
                Khalsa
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                  I so much fail to understand this market action where they just WCB it all of a sudden.

                  I remember getting slaughtered every time I used to trade like a cowboy and buy a dip for the hell of it.

                  Plan your trade, trade your plan!

                  #22381
                  smashie212
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                    I so much fail to understand this market action where they just WCB it all of a sudden. I remember getting slaughtered every time I used to trade like a cowboy and buy a dip for the hell of it.

                    THIS is what it should be doing :

                     

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                    #22384
                    Khalsa
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                      Super post Smashie. Yes that’s the roadmap I have planned but the only worry is US election year so not sure the fall will be so deep or delayed until 2017.

                      For now I happy to trade the plan provided I do not sit here all day watching it try and spook me out.

                      Plan your trade, trade your plan!

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