WEDNESDAY 06/08/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 6TH AUGUST 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 20 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 25/06/2014.
It is now negated after DAY6.

KTS
We have a KTS5 triggered at close on 05/08/2014.
TODAY IS DAY1.

SYSTEM BDIP

We have a BDIP triggered at close on 16/07/2014.
It is now negated after DAY4.

DAY1… We got a low of -25.50.
DAY2… We got a low of -11.50.
DAY3… We got a low of -12.50.
DAY4… We got a low of -1.25.

DDUD
None in play.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM 81A ND (KHC+5)
CAN BE A DDUD PRINT ALSO

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 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 1913.75 (basis Sep)

K+3 = 1916.75

K-3 = 1910.75

Conclusion

We have 3 KHC+3, 1 KHC+5 & 1 KHC-5 SYSTEMS in play.

We also have a KTS5 DAY1 in play.

Plan your trade, trade your plan!

[MAURITIUS]

Looking rather positive again but then we have a kts and a khc-5 in the mix perhaps a pop n drop, although one system suggests a positive close….

[Khalsa]

Yes indeed Dan but lets hope the KTS takes precedence.  I think it can personally as like you say, a pop and drop.

1920/3 is now resistance in theory

Plan your trade, trade your plan!

[Qman]

So my cunning plan to long has come up trumps and triggered KTS as a bonus. Stop hit for a few few points but the shorts looking better and better.

I’m off to my bed, maybe up for US open – keep up the good work mustardinoes

[MAURITIUS]

Lol Qman,,,

Go long again please 🙂

[Khalsa]

Khalsa wrote:

Thanks Smashie. I do feel that something is about to kick off. After October we need to worry about the XMAS rally. So it has 2 months to hit the 200 DMA target on SPX which is currently 1860. However the 100 DMA support has been only spiked before a vicious rally back up since 2012. The 100 DMA on SPX is 1912.42, which has circa been hit today. On average it spends just 2 days below. So if that is to be a low, it will trade below 1912.42 SPX for the next 2 days and then can ping back up. If it breaks it down then 200 DMA is the target at 1860.17 and rising

This really is my map for now.

Nigel … Longing yesterday was normal. This market will make you want to long and so long as it does, it means it is going down.

I will feel like a long at some point and even then I will be too early.

So for now I remain with all my shorts in place.

Plan your trade, trade your plan!

[Khalsa]

Qman wrote:

So my cunning plan to long has come up trumps and triggered KTS as a bonus. Stop hit for a few few points but the shorts looking better and better. I’m off to my bed, maybe up for US open – keep up the good work mustardinoes

Sad but true.

Sweet dreams

Plan your trade, trade your plan!

[smashie212]

The week before opex…

A lot of weakness abounds with small bounces and new lows each day this week, but indicators are oversold suggesting a larger bounce of sort, I feel 1939 & 1950ish will be tagged again at some point. 1897 ish is another key support level for me,  it appears algo’s are selling and institutional investors are buying http://stocktwits.com/HFTAlert

 

[MAURITIUS]

Well I am sitting here wondering whether to close shorts at -8  -7 zone (1905/6).

Got some profits in them but just feel its got a lot lower to go in the short term.

Be diyd diyd.

[MAURITIUS]

What they gonna go for at open? A breach of 1900 or a gap fill?

I do think 1900 is so close that you have to think it gets a touch. Roundies n all that.

Italy down 2.66%

[MAURITIUS]

I closed a quarter at -8.75 before iPad froze….

Now -6.5. Grrrrr

[MAURITIUS]

Closed rest -7.25….

Now rally a bit lol….

[MAURITIUS]

It’s gonna annoy me…I can feel it….

[MAURITIUS]

Please post gfs as soon as you kow Kman. If it fails to trigger then I may re short. If it does it’s back to 1910 game I guess….

[MAURITIUS]

Gap fills – wow…

[Author]

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