TUESDAY 09/05/2017 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR TUESDAY 9TH MAY 2017

Hi all,

Recap ….

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

I have 1 long in Gold, 1 long in Silver, 1 short on Dow, 9 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 17/04/2017.
It is now negated after DAY14.

KTS
NONE IN PLAY.

SYSTEM BDIP
We have a BDIP triggered at close on 17/04/2017.
It is now negated after DAY4.

DAY1… We got a low of -13.75.
DAY2… We got a low of -6.00.
DAY3… We got a low of -1.25.
DAY4… We got a low of -11.00.

SYSTEMS TRIGGERED

ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

SYSTEM SPX6
SHOULD BE MORE DOWNSIDE THAN UPSIDE, COULD BE A TRENDING DAY

SPX20A

SPX96 (KHC-3)
MORE DOWNSIDE THAN UPSIDE, NORMALLY GIVES A MINIMUM OF -3 BUT OFTEN GIVES -5,-7, GOOD CHANCE OF -VE CLOSE, CHANCE OF A GAP DOWN OPEN, THEN TRENDING DOWN DAY, UPSIDE NOT VERY SUSTAINABLE, NEVER CLOSED > 6.38 AND THAT WAS AN EXCEPTION.

Spoos closed at 2395 (basis Jun)

K+3 = 2398

K-3 = 2392

Conclusion

We have 1 KHC+3, 1 KHC-3 & 1 KHC-4 SYSTEMS in play.

Plan your trade, trade your plan!

[Khalsa]

Personally it still is not breaking down and still in the uptrend.

Everyday I feel tempted to add to shorts but yet decide not to as its “not the right thing to do”

We need to be guided by the SYSTEMS and still there is nothing conclusive.

Until supports break it can continue up after all consolidations and once again this consolidation looks to be coming to an end.

The problem is some CIT’s just turn down out of the blue and that is what annoys and fools us, however trying to catch a top has been a nightmare in this BULL so got to remain very careful.

Its sad that trading has become this, but it cannot last forever and when it turns then it will be a more normal market as it will not be fed by free money.

Plan your trade, trade your plan!

[Author]

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