WEDNESDAY 02/11/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 2ND NOVEMBER 2016

Hi all,

Recap ….

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

I have 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 15/09/2016.
It is now negated after DAY18.

KTS
We have a KTS2 triggered at close on 21/10/2016.
TODAY IS DAY9.

SYSTEM BDIP
We have a BDIP triggered at close on 27/10/2016.
TODAY IS DAY4.

DAY1… We got a low of -11.00.
DAY2… We got a low of -9.00.
DAY3… We got a low of -29.00.
DAY4…

We have a BDIP triggered at close on 26/10/2016.
It is now negated after DAY4.

DAY1… We got a low of -11.25.
DAY2… We got a low of -11.00.
DAY3… We got a low of -9.00.
DAY4… We got  low of -29.00.

We have a BORDERLINE BDIP triggered at close on 20/10/2016.
It is now negated after DAY4.

DAY1… We got a low of -13.75.
DAY2… We got a low of 0.00.
DAY3… We got a low of -9.00.
DAY4… We got a low of -13.25.

DDUD
NONE IN PLAY.

SYSTEMS TRIGGERED

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

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

ESL3 (KHC-5)
SHOULD GET A GOOD NEGATIVE PRINT . DOES NOT ALWAYS CLOSE AT LOWS.

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.

SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5

SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

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 2105.75 (basis Dec)

K+3 = 2108.75

K-3 = 2102.75

Conclusion

We have 3 KHC+3, 1 KHC-4 & 1 KHC-5 SYSTEMS in play.

We also have a DDUD DAY1, BDIP DAY4 & KTS2 DAY9 in play.

Plan your trade, trade your plan!

[Khalsa]

The KTS remains on.

Although we have +3 SYSTEMS, we have the -4 and -5 also.

I mentioned Jigsaw completing late last week and now we have soem downside and my 2100 target hit.

It looks and feels a downtrend but we have FED today and US election next week.

Personally I think we should see a $VOLD in this current trend (hence I am still thinking lower prices to come) and hence whilst I am not scalping, I continue to run my positions.

Plan your trade, trade your plan!

[Qman]

Trump now leading in many polls – but who ever believed a poll?

US Auto sales down 12%…..!!

[Qman]

EDIT – Auto sales are Ford

[Khalsa]

Thanks Q.

Another good day.

However FED in 30 mins, so just got to see if crooks play bluff or double bluff.

Trick or treat?

Plan your trade, trade your plan!

[Qman]

Or nothing again…..

Suppose it will be nice if it can stay below 2100

[Khalsa]

Yes Q, its a very good close.

Next target around 2075 ES.

 

Plan your trade, trade your plan!

[Khalsa]

Problem is that it could bounce to 2097 and then 2107 first.

Plan your trade, trade your plan!

[smashie212]

Yes likely with NFP’s on friday.

But likely to stay skittish ahead of elections.

[Author]

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