WEDNESDAY 02/11/16 SYSTEMS AND INTRADAY

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  • #24293
    Khalsa
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      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!

      #24294
      Khalsa
      Moderator
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        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!

        #24295
        Qman
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          Trump now leading in many polls – but who ever believed a poll?

          US Auto sales down 12%…..!!

          #24296
          Qman
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            EDIT – Auto sales are Ford

            #24297
            Khalsa
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              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!

              #24298
              Qman
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                Or nothing again…..

                Suppose it will be nice if it can stay below 2100

                #24299
                Khalsa
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                  Yes Q, its a very good close.

                  Next target around 2075 ES.

                   

                  Plan your trade, trade your plan!

                  #24300
                  Khalsa
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                    Problem is that it could bounce to 2097 and then 2107 first.

                    Plan your trade, trade your plan!

                    #24301
                    smashie212
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                      Yes likely with NFP’s on friday.

                      But likely to stay skittish ahead of elections.

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