WEDNESDAY 01/10/14 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 1ST OCTOBER 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 1 short in Dow, 17 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 26/09/2014.
It is now negated after DAY1.

KTS
We have a KTS5 triggered at close on 25/09/2014.
It is now negated after DAY1.

SYSTEM BDIP

None in play.

DDUD
None in play.

SYSTEMS TRIGGERED

ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3

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

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

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

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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

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

Spoos closed at 1964.50 (basis Dec)

K+3 = 1967.50

K-3 = 1961.50

Conclusion

We have 3 KHC+3 & 1 KHC-4 SYSTEMS in play.

Plan your trade, trade your plan!

[MAURITIUS]

Kman,

you posted in yesterdays thread….

Dan.

ps back from Brazil now…..

[smashie212]

There goes the support, FTSE leading the way, hope it not a trap

[MAURITIUS]

Closed short from a few days back for 8 handles. Should have had 11 but ig app failed on my iPhone, and by the time I logged in on iPad, a Wcb had appeared…. still a nice return…

Dan.

[Khalsa]

Sorry Dan, here it is. Welcome back. Trust you had an amazing time.

Khalsa wrote:

Very mad market (and in a way unpredictable other than for a quick plan). It was going up this morning and I thought its off to print a +3/+5. Then it falls 5 points pdq. Now it wants to go up again. Totally skittish, but whilst I see the threat of esg/spxg, I cannot add to shorts.

Plan your trade, trade your plan!

[Khalsa]

We finally printed 1954.30. So thats the 1955 SPX done.

If that can now break, Bears can celebrate

I had various limits hit to close shorts basis that as follows.

 

Closed short es from 1987 at 1950 for 37 points.

Closed es short from 1988 at 1950 for 38 points

Closed es short from 1977 at 1949 for 28 points

 

Closed es short from 1968 at 1949 for 19 points

 

I plan to put some back on but in this psycho market I will wait for a rally again.

 

 

 

 

Plan your trade, trade your plan!

[smashie212]

Good banking mate.

What’s your resistance area to short 1963?

[Khalsa]

and ofcourse with esg/spxg its gone down hard. Its good if it stays down, but if it rallies back up, we are no better off.

1955 SPX remains the total key

Plan your trade, trade your plan!

[MAURITIUS]

Hoping it’s a bear flag…

[Khalsa]

Well so far crooks EOM was the high, the moment RTH closed yesterday, it has not been higher

Plan your trade, trade your plan!

[Khalsa]

Approaching days lows. Do or die?

Plan your trade, trade your plan!

[Khalsa]

Either a W forms here or it dies.

This is it

Plan your trade, trade your plan!

[Khalsa]

Wow now no bounce whatsoever.

You gotta love ’em

They got me out of 4 of my running shorts. Very clever crooks

Plan your trade, trade your plan!

[MAURITIUS]

Still in mine…. 🙂

[Khalsa]

This ac tually for once looks like it will not bounce into close.

Ofcourse 6.30pm +- 10 mins has been a low recently, and thats yet to come

Plan your trade, trade your plan!

[Author]

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