WEDNESDAY 04/05/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 4TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 30/03/2016.
It is now negated after DAY6.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
TODAY IS DAY4.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 05/04/2016.
It is now negated after DAY6.

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,

ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWS

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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

Spoos closed at 2056.75 (basis Jun)

K+3 = 2059.75

K-3 = 2053.75

Conclusion

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

We have a KTS5 DAY4 in play.

Plan your trade, trade your plan!

[smashie212]

ADP numbers below forecast. But Europe really dragging dow futures from open.

[Khalsa]

So we reached the 2040 target also on ES.

Next is 2028 ish and then realistically 1980.

 

Plan your trade, trade your plan!

[Khalsa]

This does look and feel like an SD day.

I really hope so where it can close near lows.

We are past 6.30pm now (which was a high)

As always all down to crookshour now

Plan your trade, trade your plan!

[Author]

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