WEDNESDAY 05/03/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 5TH MARCH 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB triggered at close on 05/02/2014.
It is now negated after DAY3.

KTS
We have a KTS triggered at close on 10/02/2014.
TODAY IS DAY156.

SYSTEM BDIP
We have a BDIP triggered at close on 04/03/2014.
Today is DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

DDUD
None in play.

SYSTEMS TRIGGERED

ESL3 ND
SHOULD GIVE A -3

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

ESL4
WHICHEVER WAY IT TRENDS IT CAN GIVE AN INTRADAY PRINT <-10 OR >+10

ES4B

SYSTEM 80
USUALLY GET -3. IF IT GAPS UP OPEN, THEN USUALLY NOT MUCH DOWNSIDE PAST -3 AND CAN CLOSE +VE. USUALLY DOES NOT CLOSE AT HIGHS. SMALL CHANCE OF BEING A DDDD DAY

SPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGE

SPX4A

SYSTEM SPX7
STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWS

SYSTEM SPX9
SHOULD NOT MAKE MUCH UPSIDE PROGRESS, IF LOW < -3 GOOD CHANCE OF NEGATIVE CLOSE. ANY GAP OPEN SHOULD FILL THE SAME DAY.

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 1871.75 (basis Mar)

K+3 = 1874.75

K-3 = 1868.75

Conclusion

We have NO KHC SYSTEMS in play.

We also have a BDIP DAY1 & KTS DAY16 in play.

Plan your trade, trade your plan!

[Khalsa]

Not a single KHC, which is interesting but unhelpful.

A BDIP, which is interesting and thats with a KTS (old in the tooth though).

MS closed near the edge but not on the edge.

My thoughts remain of a move down to a 17xx.x print soon but we need to break 1858 down first and then see what happens at the 1843.25 gap

Plan your trade, trade your plan!

[MAURITIUS]

Would you short it overnight tonight?

[Khalsa]

If I was day flat Dan. Definitely yes.

As I have a day short from around here, I cannot add

Plan your trade, trade your plan!

[smashie212]

Employment numbers fri, so could be that market is held up until then

[Khalsa]

Indeed Smashie, once again it seems to have rallied into NFP’s.

I feel on this one, patience is a virtue.

Ie this is ready to fall without notice soon and carry on for a succession of negative days leading to 184x.x and 17xx.x

Plan your trade, trade your plan!

[Khalsa]

Here we go. Good luck all

Plan your trade, trade your plan!

[Khalsa]

No GFS as we are opening at +0.50

Plan your trade, trade your plan!

[Khalsa]

Needs to stay below 1875.

If it can, it can be a bearish setup

Plan your trade, trade your plan!

[Khalsa]

Looks good for Bears here.

Needs to break 1866 down and then 1860/3 (centred 1862). Below that we print that 1843 area imo

Until these levels of support break, it can bounce anytime in this MAD MODE

Plan your trade, trade your plan!

[Khalsa]

crook sandwich numbers are very tight at 1870 and 1874

Plan your trade, trade your plan!

[Khalsa]

SYSTEM MS is a donkey on the edge

Plan your trade, trade your plan!

[MAURITIUS]

short 1873.88

[MAURITIUS]

so companies added fewer jobs than forecast in february and service industries in US expand at slowest pace for 4 years….

[Khalsa]

MAURITIUS wrote:

so companies added fewer jobs than forecast in february and service industries in US expand at slowest pace for 4 years….

lol Dan, and the bludy rest!

Its so intriguing to see these mustards buy, buy and buy this.

There are very few trading this nowadays other than the crooks and their super computers.

That itself tells me that when the free money dries up, there will be no support

Plan your trade, trade your plan!

[Author]

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