TUESDAY 26/11/2013 SYSTEMS & INTRADAY

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  • #2537
    Khalsa
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      SYSTEMS FOR TUESDAY 26TH NOVEMBER 2013

      Hi all,

      Recap ….

      Intraday wise …. I banked 5 points in spoos today.

      I have 1 short in Ftse & 20 shorts in spoos and 2 swing positions open.

      Onto today …

      KP
      None in play.

      KTB

      We have a KTB2 triggered at close on 24/10/2013.
      IT IS NOW NEGATED AFTER DAY4.

      KTS

      We have a KTS2 triggered at close on 18/11/2013.
      It is now negated after DAY4.

      SYSTEM BDIP

      We have a BDIP triggered at close on 15/11/2013.
      It is now negated after DAY4.

      DAY1… We got a low of -9.50.
      DAY2… We got a low of -6.75.
      DAY3… We got a low of -10.75.
      DAY4… We got a low of -4.00.

      We have a BDIP triggered at close on 13/11/2013.
      It is now negated after DAY4.

      DAY1… We got a low of -1.25.
      DAY2… We got a low of -1.25.
      DAY3… We got a low of -9.50.
      DAY4… We got a low of -6.75.

      DDUD

      We have a DDUD season triggered at close on 11/07/2013.
      It is now negated after DAY2.

      SYSTEMS TRIGGERED

      ESL2 NEXT DAY (KHC-4)
      GIVES -4/ -7

      ES10
      DOJI DAY WITHIN A 8 POINT RANGE AND TOWARDS -VE BIAS. ANY GAP UP OPEN SHOULD FILL THE SAME DAY.

      ES90
      DOWNSIDE SHOULD BE MORE THAN UPSIDE. USUALLY PRINTS LITTLE POSITIVE AND NEGATIVE CAN BE -5, -7. HIGHS SHOULD BE CONTAINED WITHIN +6 AND GOOD CHANCE OF A NEGATIVE CLOSE.

      ES96
      UPSIDE USUALLY CONTAINED TO A +3, ANYMORE IS UNSUSTAINABLE, USUALLY GIVES -3 AS A MINIMUM

      SYSTEM SPXG
      More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.

      Spoos closed at 1802.25 (basis Dec)

      K+3 = 1805.25

      K-3 = 1799.25

      Conclusion

      We have 1 KHC-4 SYSTEMS in play.

      Plan your trade, trade your plan!

      #2538
      Khalsa
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        Well yesterday I got called away but thankfully when I returned we got an MS trade which printed on DAY1 itself.

        It was good to bank those 5 points.

        Other than that it was a typical WNER day until that point.

        So where now?

        Plan your trade, trade your plan!

        #2539
        Khalsa
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          Well thankfully its just SPXG that triggered and not ESG, therefore not making it the bullish combo.

          Great to see a KHC-4.

          It needs to hold 1806 ES as resistance and especially 1809 ES to be bearish.

          Below 1797 it can fall and a CIT can be in.

          Good luck guys as always.

          Plan your trade, trade your plan!

          #2542
          MAURITIUS
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            Good morning,

            Just had my coffee thanks Zarif, and now off to open shop.

            Still have my shorts from 1785/6 area. Perhaps a nice down day to 1780 to close them for a good 5 pts each lol…..

            Does anyone here trade options as opposed to spread bet? I was considering a long term call on gold but have never donewont and don’t know who provides these. Would be curious as to the longest duration possible. Might cost a bit but downside is limited to cost of option.

            I suppose you can work out the equivalent and do it as a spreadbet.

            The slight worry is who is on the other side and whether they can cough up thif winnings should my thinking come off. Counterparty risk and all that. My scenario certainly suggests another crisis, so if the counterparty isn’t sound may be flushing the cash away.

            Dan.

            #2543
            Khalsa
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              So far very lacklustre with a very small range.

              Lets see what RTH brings.

              No opportunity to short until atleast 1806 if not 1809.

              Plan your trade, trade your plan!

              #2545
              Khalsa
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                Still very boring especially with no gap at open.

                1805.75 was the high vs the 1806 resistance.

                1798.75 was the low undershooting support.

                Usual story

                Plan your trade, trade your plan!

                #2546
                MAURITIUS
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                  Evening all…..

                  #2547
                  Khalsa
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                    Evening Dan. This is a total waste of time Tuesday. What a massive shame.

                    Plan your trade, trade your plan!

                    #2548
                    Khalsa
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                      FTSE ended down 58 points.

                      If its leading that tells us we can go down here.

                      However I cannot back it just like that. Will need a signal and 1809 will do me as one for now.

                      Plan your trade, trade your plan!

                      #2549
                      Khalsa
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                        Early Warning

                        Looks like a KTS will trigger at close

                        Plan your trade, trade your plan!

                        #2550
                        Khalsa
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                          I am so tempted to steam in for tomorrow for the KTS.

                          Patience is a virtue but just got this niggle that it can tank but also got a niggle that the mustards will stop run it first.

                          aaarrrggghhh

                          Plan your trade, trade your plan!

                          #2551
                          smashie212
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                            <span style=”text-decoration: underline;”>Early Warning</span> Looks like a KTS will trigger at close

                            holiday stats:

                            http://thepatternsite.com/Holiday.html

                            #2552
                            MAURITIUS
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                              Well, it will rally 10 handles to where I have to add margin, then tank.

                              I have this niggle that one day soon we will go limit down. Perhaps it’s more of a desire than a niggle.

                              #2553
                              Khalsa
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                                AAAARRRRGGGGHHHH

                                DIYD DIYD

                                It fell 6 points after I posted that.

                                Total swines

                                Plan your trade, trade your plan!

                                #2554
                                Khalsa
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                                  Thanks Smashie. Very useful

                                  Plan your trade, trade your plan!

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