TUESDAY 03/05/2016 SYSTEMS & INTRADAY

[Khalsa]

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!

[Khalsa]

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!

[MAURITIUS]

Cmon on mustards…. Sell off…

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

 

[Khalsa]

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

Navnit

Plan your trade, trade your plan!

[smashie212]

Thanks Navnit.

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

[Khalsa]

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!

[Khalsa]

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!

[smashie212]

Khalsa wrote:

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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[Khalsa]

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!

[Author]

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