TUESDAY 17/05/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR TUESDAY 17TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 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 16/05/2016.
TODAY IS DAY1.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
It is now negated after DAY6.

SYSTEM BDIP
We have a BDIP triggered at close on 16/05/2016.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY9.

SYSTEMS TRIGGERED

ESH3 ND (KHC+5)
SHOULD GET +5

SYSTEM ESF
CAN BE A TRENDING DAY. IF NO +3 AND THEN IT TRADES <-4, IT CAN THEN TREND DOWN. LIKEWISE IF NO -3 AND THEN IT TRADES >+4, IT CAN THEN TREND UP.

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 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

Spoos closed at 2062.75 (basis Jun)

K+3 = 2065.75

K-3 = 2059.75

Conclusion

We have 1 KHC+5 SYSTEMS in play.

We have a KTB2 DAY1, BDIP DAY1 & DDUD DAY9 in play.

Plan your trade, trade your plan!

[Khalsa]

Dear oh dear we have a KTB.

Ok we have a BDIP too but if crooks are even slightly bullish, the KTB will win.

We closed at 2062.75 which is back to 2060/2063 area. 2065 is part of this band.

The hope is that today was WNER but I have to be open minded given today’s strength and a crooks OE on Friday.

 

Plan your trade, trade your plan!

[MAURITIUS]

Bloody ktb…..

Maybe with a bdip it treads water and acts like pull it back up magnet from bdip lows?

that’s if we are lucky….. 🙂

[Khalsa]

It looks SU again Dan, so sadly we may need to let the KTB do its stuff.

Not good

Plan your trade, trade your plan!

[Qman]

Why the tank! Anyone?

Tempted to close 2074 short here what with KTB…..

[Qman]

Closed 2074 short for 29 points

[Qman]

And long 2039.93

[smashie212]

Qman wrote:

Why the tank! Anyone? Tempted to close 2074 short here what with KTB…..

Fed mustard just spoke  saying june hike is def on the table. Dunno if  News events during opex  count for much, but this action certainly must worry the bulls !

[Qman]

Cheers smash.

I have a tightish stop below, expecting some bounce with the 2040 support and KTB

Hoping to scalp a few

[Qman]

Qman wrote:

And long 2039.93

closed for 5

[Khalsa]

Its a lovely day!

However once again it just cannot collapse into close.

Gobne our the days where iot can lose 20 points in crookshour in a flash. We have had plenty of those days in the past (when we have been long), but it just cannot do it.

I have many shorts in profit here but have just been fixated on the 1980 target.

Lets see what the SYSTEMS say, but good to see KTB fail and the failure target is 2022.75.

Plan your trade, trade your plan!

[Author]

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