TUESDAY 11/03/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR TUESDAY 11TH MARCH 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB triggered at close on 05/02/2014.
It is now negated after DAY3.

KTS
We have a KTS triggered at close on 10/03/2014.
TODAY IS DAY1.

SYSTEM BDIP

We have a BDIP triggered at close on 06/03/2014.
Today is DAY3.

DAY1… We got a low of -7.25.
DAY2… We got a low of -12.25.
DAY3…
DAY4…

We have a BDIP triggered at close on 05/03/2014.
Today is DAY4.

DAY1… We got a low of -1.25.
DAY2… We got a low of -7.25.
DAY3… We got a low of -12.25.
DAY4…

We have a BDIP triggered at close on 04/03/2014.
It is now negated after DAY4.

DAY1… We got a low of -4.00.
DAY2… We got a low of -1.25.
DAY3… We got a low of -7.25.
DAY4… We got a low of -12.25.

DDUD
None in play.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

SYSTEM ES6
COULD BE A TRENDING DAY EITHER WAY, BUT DOES NOT CLOSE NEAR HIGHS OR LOWS

ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWS

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

SYSTEM SPX6A
USUALLY GIVES +3/+5. BUT DOES NOT ALWAYS CLOSE POSITIVE.

Spoos closed at 1876.75 (basis Mar)

K+3 = 1879.75

K-3 = 1873.75

Conclusion

We have 1 KHC+3 SYSTEMS in play.

We also have a BDIP DAY3, BDIP DAY4, & KTS DAY1 in play.

Plan your trade, trade your plan!

[MAURITIUS]

A new and second kts….

That sounds promising…

[Khalsa]

But with yet another KHC+3 Dan.

I do not like it and it looks like up before down sadly.

Maybe we get a KTS pop and drop?

Lets see as if so, +7 is a good target for that

Plan your trade, trade your plan!

[Khalsa]

Good morning all,

A 4 point range overnight and a current change of just +0, keeps us guessing again as to where it wants next.

For now the above plan remains with not much more to add.

Recent high 1885/1887.50

 

Plan your trade, trade your plan!

[Khalsa]

High was +5.50.

I wanted a +7 for the KTS pop and drop.

It missed the +7 but we sure got a KTS pop and drop to a -7/-10

Perfect plan but sadly I was not here.

THE FACT THAT BDIP AND KTS COMBO LOOKS TO BE WORKING TELLS ME THAT I THINK WE DO NOW HAVE A CIT AND WE CAN GO DOWN.

However too many one day wonders sadly before teh dipsters come in and go mad, so lets see if this has follow through.

I am happy below 1875 ES but for me the real KEY is 1865 SPX. If that breaks I am hopeful it can fall more.

Plan your trade, trade your plan!

[Khalsa]

Below 1862 we will be in a gap with a target of 1843

Plan your trade, trade your plan!

[Khalsa]

So we got a kts/bdip combo of -14.25 today for a turnaround Tuesday.

Ie there was follow through from yesterday.

My closest chort is from 1869

Whilst greater that 1862, it can bounce. Below that target is 1843 gap.

I have cancelled my 10 point limits and put in 25 point limits for now basis the gap fill (undershoot)

Plan your trade, trade your plan!

[Author]

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