TUESDAY 14/01/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR TUESDAY 14TH JANUARY 2014

Hi all,

Recap ….

Intraday wise …. I banked 8.50 points in spoos today.

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

Onto today …

KP
None in play.

KTB

None in play.

KTS
We have a KTS5 triggered at close on 02/01/2014.
TODAY IS DAY8.

SYSTEM BDIP

We have a BDIP triggered at close on 08/01/2014.
TODAY IS DAY4.

DAY1… We got a low of -8.00.
DAY2… We got a low of -6.75.
DAY3… We got a low of -28.25.
DAY4…

We have a BDIP triggered at close on 31/12/2013.
It is now negated after DAY4.
DAY1… We got a low of -24.50.
DAY2… We got a low of -6.00.
DAY3… We got a low of -6.00.
DAY4… We got a low of -1.00.

DDUD

None in play.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.

SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY

ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWS

SYSTEM 65 (KHC+3)
CAN GET+3 & -3, BUT BIASED TOWARDS A +3

SYSTEM SPXE
MORE DOWNSIDE THAN UPSIDE, CHANCES OF -4,-7, THE CLUE TO A DOWN IS SPX TRADING NOT MORE THAN +3, SPX TRADING > +3 GIVES CHANCE TO A POSITIVE CLOSE. IF SPX DOES NOT TRADE MUCH NEGATIVE IT CAN BE A SU SYSTEM BUT DOES NOT CLOSE AT HIGHS.

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 1815 (basis Mar)

K+3 = 1818

K-3 = 1812

Conclusion

We have 3 KHC+3 SYSTEMS in play.

We have a BDIP DAY4 & KTS5 DAY8 in play.

Plan your trade, trade your plan!

[Khalsa]

Well what a day on Monday. The main thing is I managed to bank 8 points (3 on the day and 5 carried over on the MS short).

Happy with that as a days bankings

So where now?

Plan your trade, trade your plan!

[Khalsa]

BDIP printed a -23. With the KTS and BDIP still on we can expect another -5/-7 as a minimum on Tuesday.

Yesterday I posted that I thought the next main move would be up. Now it clearly looks like its in a downtrend. If so its only just begun and we have 1797 MS target next.

 

Plan your trade, trade your plan!

[Khalsa]

THE LEVELS

Resistance is at 1820/3

Support is at 1809.50 and then 1804. Below that we should print 1797 MS target.

Plan your trade, trade your plan!

[smashie212]

Wakey, wakey perfect pop and drop so far…

[Khalsa]

GFS has triggered but not much of a gap left now.

Plan your trade, trade your plan!

[MAURITIUS]

Did gap manage to fill or not? I am busy in shop and charts won’t load…

[MAURITIUS]

Ok no it didn’t….

Tempted at +7 to short it.

[MAURITIUS]

Short 1822.63….

[MAURITIUS]

Basis top ofresistance but now a tad higher,,,,

[Khalsa]

Gap missed by 0.75

Plan your trade, trade your plan!

[Khalsa]

The next resistance is at 1832 now.

Plan your trade, trade your plan!

[Khalsa]

okay 1832 resistance hit to the dot and started to retrace now.

Plan your trade, trade your plan!

[Khalsa]

and today has been precisely what I have been talking about recently.

Just when we thought you could marry the downside and predict direction as down, it bounces up hard like this (after missing the gap by 0.75).

Very silly and unpredicatable.

Thankfully I am totally saved as the MS target hit yesterday and got to close that short.

Plan your trade, trade your plan!

[kitsu]

Hi Khalsa, so happy to be watching from sidelines after recent loss in Dec OE / it may have been some other meeting. Will try to get back in when the time is right. Can’t manage work a baby and the market stress.  I thought with talk of taper the market would start to roll over, but doesnt look that way.

Just goes to show there is no follow through to the down side.

By the way have you closed your spoos swings?  says – shorts in spoos and 2 swing postitions open.

[Author]

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