TUESDAY 11/08/2015 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR TUESDAY 11TH AUGUST 2015

Hi all,

Recap ….

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

I have 4 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 04/08/2015.
IT IS NOW NEGATED AFTER DAY2.

KTS
None in play.

SYSTEM BDIP
We have a BDIP triggered at close on 10/08/2015.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
We have a DDUD Season triggered at close on 06/08/2015.
It is now negated after DAY2.

SYSTEMS TRIGGERED

ESL3 ND (KHC-5)
SHOULD GIVE 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

ESL4
WHICHEVER WAY IT TRENDS IT CAN GIVE AN INTRADAY PRINT <-10 OR >+10

SYSTEM ES3
SHOULD GET -3. UPSIDE AND DOWNSIDE UNSUSTAINABLE. LOWS TRADED SHOULD BE LOWER THAN HIGH TRADED, SHOULD NOT CLOSE AT HIGHS, IF WE TRADE < -3 CHANCE OF -7, -10.

SYSTEM ES7
POSSIBLE DOJI DAY, CAN BE WHIPPY AND UNTRADEABLE, ANY GAP UP OPEN SHOULD FILL THE SAME DAY. ITS NOT A SU MARKET AND RARELY MAKES MUCH PROGRESS.

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

SYSTEM 64
UPSIDE UNSUSTAINABLE, RARELY CLOSES AT HIGHS, CAN GIVE -3,-5,-7, BUT CLOSE ERRATIC WITH USUALLY NOT MUCH CHANGE ON THE DAY

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

SYSTEM SPX7
STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWS

SYSTEM SPX9
SHOULD NOT MAKE MUCH UPSIDE PROGRESS, IF LOW < -3 GOOD CHANCE OF NEGATIVE CLOSE. ANY GAP OPEN SHOULD FILL THE SAME DAY.

Spoos closed at 2101.00 (basis Sep)

K+3 = 2104

K-3 = 2098

Conclusion

We have 1 KHC-5 SYSTEMS in play.

We have a BDIP DAY1 in play.

Plan your trade, trade your plan!

[MAURITIUS]

So tempted to short that Chinese mustard….. It has no right to be near 4000!!

 

[MAURITIUS]

Do yesterdays failed negative khc -ve’s have any magnetic effect?

[MAURITIUS]

Short 2100.63

[Khalsa]

Normally yes Dan but the pattern has not been one day wonders to the upside from a spike low.

The 206x.x print was always a potential ping point, so maybe a few more days of upside first.

Tomorrow will be the telling point as to whether it is a Tuesday reversal back down but my guess for now is more upside and possibly another positive close tomorrow.

Lets see where we are in the morning.

Plan your trade, trade your plan!

[Khalsa]

It is actually a tough call. I cannot say conclusively whether it reverses back down tomorrow or now. Not many times I am on the fence, but for tomorrow for now thats where I am

Plan your trade, trade your plan!

[MAURITIUS]

MAURITIUS wrote:

Short 2100.63

closed for 9 points

[Khalsa]

Well done Dan, I was not sure so I stayed out.

We have printed a -11.50

Below 2086 and we are in yesterdays gap fill area.

2082/3 is the CIT level

So it can still fall further and still be in this bounce up trend

Plan your trade, trade your plan!

[Khalsa]

Go metals go!

Oil above $45.40 can break back up

 

Plan your trade, trade your plan!

[MAURITIUS]

Yes they recovered earlier losses….

[MAURITIUS]

I trust you saw the Chinese and The Yuan move overnight…. Spooked the Yanks as lots of dollars will be finding their way back to American shores.

[Qman]

DAX not very happy. Given back all of yesterday’s gains.

[MAURITIUS]

Spoos two thirds of the way there….

[MAURITIUS]

Some talk of downside unsustainable in systems but SPXL1 suggests trending so maybe we run with that system?

gfs could be telling today…

system spx9 says any gap should fill…. Is that any gap up or down or both?

[Khalsa]

SPX9 is both gaps Dan, up or down.

Navnit

Plan your trade, trade your plan!

[Author]

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