WEDNESDAY 04/11/15 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 4TH NOVEMBER 2015

Hi all,

Recap ….

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

I have 11 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 14/10/2015.
TODAY IS DAY15.

KTS
We have a KTS triggered at close on 12/10/2015.
It is now negated after DAY2.

SYSTEM BDIP
None in play.

DDUD
None in play.

SYSTEMS TRIGGERED

 

ESL1 NEXT DAY
GOOD CHANCE OF A -3

ESL2
USUALLY GIVES -4/-7

ES91

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 2102.25 (basis Dec)

K+3 = 2105.25

K-3 = 2099.25

Conclusion

We have NO KHC SYSTEMS in play.

We have a KTB DAY15 in play.

Plan your trade, trade your plan!

[Khalsa]

I thought I would check in to see how we are doing only to find its up.

Back to bottoms are spikes, tops are processes.

Need that KTS. Need a few BDIP’s

Then need a second KTS.

Then we can talk downtrend.

Plan your trade, trade your plan!

[Khalsa]

for now onwards and upwards.

Will today be the pop and drop?

If so I am looking for 2090 ish, if we can break 2100 roundie

Plan your trade, trade your plan!

[Khalsa]

Now I suppose the focus is on NFP’s this Friday.

However whatever the figures, what difference does it really make other than for the immediate news?

Plan your trade, trade your plan!

[Khalsa]

After all SPX is only up 244 points since its late September low in literally a straight line with just one day retraces.

The first main medium term support to break is SPX 10 DMA at 2076 currently (and rising)

 

Plan your trade, trade your plan!

[MAURITIUS]

Wow it is -4

[Qman]

Have CNBC forgotten how to spell DOWN – headline “stocks struggling to hold gains”……lol

[Khalsa]

Sadly however nice it is to see this move down, it really is a futile move for now unless it gains traction or is multi day.

2100/3 is the level to hold as resistance.

 

Plan your trade, trade your plan!

[Qman]

Bitcoin – bit ridiculous.

someone’s making a killing

[Qman]

Nearly touched your 2090 target K

Let’s hope it busts it later

[Khalsa]

Qman wrote:

Nearly touched your 2090 target K Let’s hope it busts it later

Indeed low was 2090.50. Thats great but sadly it was a ping point as my supports usually are.

The good news now is that as it stands KTB negates and we get a KTS at close.

The bad news is that it still has crookshour to negate it. aaarrrggghhh. Lets see

Plan your trade, trade your plan!

[MAURITIUS]

Seventh down day in a row for gold…. Ever since the Fed pollox move.

[MAURITIUS]

hope the KTS that comes betters the ktb…. 🙂

[MAURITIUS]

Ftse chart and most likely others…

rsi divergence going on with Oct 23rd high compared with today’s attempt at higher…

further reason for a reversal of sorts soon.

[Author]

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