WEDNESDAY 07/05/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 7TH MAY 2014

Hi all,

Recap ….

Intraday wise …. I banked 100 points in IBEX today.

I have 1 short in Ftse, 18 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 14/04/2014.
It is now negated after DAY4.

KTS
We have a KTS5 triggered at close on 04/04/2014.
It is now negated after DAY6.

SYSTEM BDIP
None in play.

DDUD
None in play.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

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

SYSTEM ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.

SPXC
Spx <-4 should give big down -7/-10. Likewise <+3 high will trade negative and close negative. Conclusion may be short +2 Spx. Rarely closes at highs

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

SYSTEM SPX5C (KHC+3)
NORMALLY GETS +3 AND CAN GET +5, CAN BE A TRENDING SYSTEM.

Spoos closed at 1864.50 (basis Jun)

K+3 = 1867.50

K-3 = 1861.50

Conclusion

We have 3 KHC+3 SYSTEMS in play.

Plan your trade, trade your plan!

[Khalsa]

Still a multitude of positive Khc’s continue to trigger.

I hope 1859 ish breaks down as then it can start to fall at a faster rate.

ESG is there but thankfully not with the SPXG combo.

Plan your trade, trade your plan!

[smashie212]

Beware Yellen yelling for next 2 days:

http://blogs.marketwatch.com/capitolreport/2014/05/06/yellens-task-point-to-continued-low-rates-without-badmouthing-economy/

[Khalsa]

and she has started Smashie.

Been all over from a +7 to to gap fill

Plan your trade, trade your plan!

[Khalsa]

The KHC’s did their job.

It popped and dropped and now lower than 1859.

Lower is where it will go for now and shorting the rallies is the game

Plan your trade, trade your plan!

[Khalsa]

Below 1853/5 now the target will be 1846

Plan your trade, trade your plan!

[Khalsa]

Low was 1854.50 and now DDUD and more back up.

I will short 1868-1871 area if it looks like reacting

Plan your trade, trade your plan!

[Khalsa]

That pop and drop happened across Europe and US. Now its a pop, drop and pop again.

 

Plan your trade, trade your plan!

[Khalsa]

You really cannot make this up. now it only wants up.

Short 1871 as per plan

Plan your trade, trade your plan!

[Khalsa]

I can here Yellen talking and she is saying nothing useful whatsoever. Just the usual total drivel.

She talks as if she is not fully there. Very strange

Plan your trade, trade your plan!

[Khalsa]

To me its all about 1871 .50 holding now.

If it breaks up and then the leeway at 1873, it can rally.

What a difference a couple of  hours makes.

Plan your trade, trade your plan!

[Khalsa]

MAybe this is the news

http://news.sky.com/story/1257079/russian-forces-withdraw-from-ukraine-border

Plan your trade, trade your plan!

[smashie212]

<span style=”color: #292929;”>”I can here Yellen talking and she is saying nothing useful whatsoever. Just the usual total drivel.</span>
<p style=”color: #292929;”>She talks as if she is not fully there. Very strange”</p>
<p style=”color: #292929;”>You mean as if she’s been smoking a spliff  back stage ?</p>

[Khalsa]

I had circa 7 point on my 1871 short which was more or less perfect timing on the run up.

1871/3 remains the resistance for now

Plan your trade, trade your plan!

[Khalsa]

1860/1 is realistically a target now.

Plan your trade, trade your plan!

[Author]

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