WEDNESDAY 04/01/17 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 4TH JANUARY 2017

Hi all,

Recap ….

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

I have 1 long in Gold, 1 long in Silver, 1 short on Dow, 9 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 03/01/2017.
TODAY IS DAY1.

KTS
We have a NEW KTS5 triggered at close on 28/12/2016.
It is now negated after DAY3.

SYSTEM BDIP
NONE IN PLAY.

DDUD
We have a DDUD triggered at close on 01/11/2016.
It is now negated after DAY12.

SYSTEMS TRIGGEREDS

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

ESH
USUALLY GET +3 AND -3. MORE CHANCE OF -3. NORMALLY IS A DOJI TYPE DAY WITHIN +5 AND -5. TRADING < -5 GIVES CHANCE TO SD DAY

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

ES4B

ES21

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

SPX4A

Spoos closed at 2252.75 (basis Mar)

K+3 = 2255.75

K-3 = 2249.75

Conclusion

We have 1 KHC+3 SYSTEMS in play.

We have a KTB2 DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

Stupid KTB had no problem giving a +10.

We need a 7pm or 7.30pm high and back down.

However with FED minutes now, who knows.

Plan your trade, trade your plan!

[smashie212]

with that KTB trigger could we be heading to new ATH ?

[Khalsa]

Sure looks it Smashie. Completely mad.

Nothing for now is perceived as bad news.

The hope is that any new high now can complete a wave structure and it can then fall.

We have NFP’s on Friday next.

Plan your trade, trade your plan!

[Author]

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