WEDNESDAY 01/06/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 1ST JUNE 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 8 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.
It is now negated after DAY3.

KTS
We have a KTS triggered at close on 26/05/2016.
TODAY IS DAY3.

SYSTEM BDIP
We have a BDIP triggered at close on 25/05/2016.
TODAY IS DAY4.

DAY1… We got a low of -4.75.
DAY2… We got a low of -1.75.
DAY3… We got a low of -12.50.
DAY4…

DDUD
We have a DDUD triggered at close on 04/05/2016.
It is now negated after DAY16.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY

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.

Spoos closed at 2095 (basis Jun)

K+3 = 2098

K-3 = 2092

Conclusion

We have NO KHC SYSTEMS in play.

We have a BDIP DAY4 & KTS DAY3 in play.

Plan your trade, trade your plan!

[Qman]

Glad to see systems pointing to the negative. Today they played out pretty well – other than the normal dip buying, DDUD gone but still too tempting for the dipsters.

Another one day dip? Fingers crossed

[smashie212]

Payrolls this friday. Could be a holding pattern till then ?

[Khalsa]

Indeed ewe have FED, ECB and Payrolls this week.

Personally I think we have hit a zone that should give that 30-50-70 point retrace.

My ideal print here is a 207x.x one and that would be just a circa 30 point retrace.

I am also expecting the dip[ before the Quad crooks OE. The date for the oe is 17th June.

The dip should be into the Thursday ish before.

So the dip should be starting before next Thursday and today is Wednesday.

That leaves just 6/7 trading days to complete the dip.

 

Plan your trade, trade your plan!

[Khalsa]

Yesterdays low was 2086. 2085/6 may need watching as first support

If that can break then 2075 is an open gap which can be filled and is inline with my thoughts above.

 

Plan your trade, trade your plan!

[Khalsa]

Stupid, stupid WCB from 2088.75.

The new world of trading with these algo’s is just mad. Have a look at China chart for Monday. They had a flash crash and then it went up 10% from there. How crooked is that!

 

Plan your trade, trade your plan!

[Khalsa]

Borderline GFS triggered for today. Looks like going for Gap fill already.

Navnit

Plan your trade, trade your plan!

[Khalsa]

I like this 2095 resistance area.

Short 2094.25

Plan your trade, trade your plan!

[smashie212]

Khalsa wrote:

Indeed ewe have FED, ECB and Payrolls this week. Personally I think we have hit a zone that should give that 30-50-70 point retrace. My ideal print here is a 207x.x one and that would be just a circa 30 point retrace. I am also expecting the dip[ before the Quad crooks OE. The date for the oe is 17th June. The dip should be into the Thursday ish before. So the dip should be starting before next Thursday and today is Wednesday. That leaves just 6/7 trading days to complete the dip.

Noticed the RUT exceed its April high, if the other indexes are going to follow Quad opex maybe the time to do it.

[Author]

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