TUESDAY 13/05/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR TUESDAY 13TH MAY 2014

Hi all,

Recap ….

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

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

Onto today …

KP
None in play.

KTB
None in play.

KTS
None in play.

SYSTEM BDIP
We have a BDIP triggered at close.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
None in play.

SYSTEMS TRIGGERED

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 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 ES5D (KHC-5)

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.

ES8B

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

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

Spoos closed at 1893.25 (basis Jun)

K+3 = 1896.25

K-3 = 1890.25

Conclusion

We have 1 KHC-5 SYSTEMS in play.

W also have a BDIP DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

NPR in play

Bdip day1

A khc-5

It means we will print a -5 but as it stands no guarantee it will stick or be an SD day

What’s happens at overshoot/undershoot of 190p SPX.

 

Plan your trade, trade your plan!

[MAURITIUS]

Good morning!!

A curious mix of systems.

lows more than highs

not close at highs or lows

doji

may look like trending but doesn’t

all in all it doesn’t feel a mad up day…. Perhaps it closes down enough to trigger a kts? And a mms on the edge would be a help…. 🙂

Have a good day all…

Dan.

[Khalsa]

Best idea Dan is for resistance around 1900 SPX (over or under) and then fall.

However thsi uptrend once again looks like MAD MODE and we all know MAD MODES extend much further than we ever expect.

Very hard to believe given the state of everything, we can break 1900 SPX and hold it, but really in QE anything and everything is possible.

Once we get a BDIP / KTS / MS combo, then hopefully we can talk about 17x.x again

Plan your trade, trade your plan!

[Khalsa]

Still just continuining yesterdays SU for now.

The next signal from MS will be a short, so hope it triggers in RTH for some sort of early high.

Plan your trade, trade your plan!

[Khalsa]

No GFS today as gap was <3.

Plan your trade, trade your plan!

[MAURITIUS]

Short 1895.13

basis khc-5

8 pts away

 

[Khalsa]

What a struggle this is.

Weak is good but in this case weak just means it is not going up, as opposed to going down

Plan your trade, trade your plan!

[Khalsa]

What a total mustard market

Untradeable, which is precisely why I have placed no new trade since last Wednesday.

This does look like it wants to fall today in crookshour but I cannot gamble for it

Plan your trade, trade your plan!

[MAURITIUS]

Be -5 soon… Relax…

lows of day now at -0.5

[Khalsa]

Relaxing is one thing.

Watching this mustard is something else.

Pathetically untradeable but sadly not unexpected

Plan your trade, trade your plan!

[MAURITIUS]

Is there a donkey on the edge?

[Author]

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