WEDNESDAY 09/04/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 9TH APRIL 2014

Hi all,

Recap ….

Intraday wise …. I banked 10 points in spoos today.

I have 1 short in Ftse, 17 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 17/03/2014.
IT IS NOW NEGATED AFTER DAY3.

KTS
We have a KTS5 triggered at close on 04/04/2014.
TODAY IS DAY3.

SYSTEM BDIP
We have a BDIP triggered at close on 02/04/2014.
It is now negated after DAY4.

DAY1… We got a low of -7.25.
DAY2… We got a low of -27.75.
DAY3… We got a low of -25.50.
DAY4… We got a low of -7.50.

DDUD
None in play.

SYSTEMS TRIGGERED

ESH2 NEXT DAY (KHC+3)
USUALLY GIVES +3

 

ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3

ESB
SHOULD GET +3 AND -3 BOTH. CAN BE A TRENDING SYSTEM. > +5 SHOULD TREND UP AND < -5 SHOULD TREND DOWN.

SYSTEM ESL1
MORE CHANCE OF DOWNSIDE THAN UPSIDE, USUALLY TRADE POSITIVE AT SOME POINT, NORMALLY GET -3, IF NO -3 THEN RARELY CLOSE AT HIGHS, UPSIDE UNSUSTAINABLE & CLOSE WITH LITTLE CHANGE ON THE DAY. CHANCES OF -7, -10 & -17 ALSO. THE CLOSE CAN BE VERY ERRATIC. ALSO AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A -3 THE NEXT DAY

ES110 (KHC+3)
SHOULD GET A +3/ +5. GOOD CHANCE OF A POSITIVE CLOSE, POSSIBLE GAP & GO DAY.

SPXB
MORE CHANCE OF POSITIVE THAN NEGATIVE.

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 1844.75 (basis Jun)

K+3 = 1847.75

K-3 = 1841.75

Conclusion

We have 3 KHC+3 SYSTEMS in play.

We also have a KTS5 DAY3 in play.

Plan your trade, trade your plan!

[Khalsa]

At last, I have been trying to get on since last night. No idea if issue was my end or server end.

Anyway we have FED minutes later and that is where we find out more about the QE policy.

Nothing to do ahead of that for me. Until then KHC’s suggest a+3/+5 and my thoughts suggest a trip to 1850/3.

1853 is a MUST HOLD intraday.

Plan your trade, trade your plan!

[Khalsa]

Fed Minutes in 10 minutes.

KHC’s worked perfect and we did see 1850/3 with a high of 1854.75.

Its around 1853 now.

SU level now 1852.

1845/7 strong support. If that goes it continues down and fast imo

Plan your trade, trade your plan!

[Khalsa]

Total gamble but short 1853.

Plan your trade, trade your plan!

[Khalsa]

First gamble trade in ages and its a disaster.

Have to stick to the planned entries.

As it stands its still SU as 1852 never broke

Plan your trade, trade your plan!

[Khalsa]

I cant even be bothered to see what the FED minutes were. Its so meaningless

Plan your trade, trade your plan!

[MAURITIUS]

A Crookshour tank would be splendid. Back in the good old days this sometimes happened after such a Fed release.

The way they pierced 1832 down the other day to1830 something before reversing back higher.  The mustards could say that’s a double bottom to 1950 now, but something niggles me that we see 1700’s soon.

Any donkeys around Kman?

[MAURITIUS]

Kman the time on here is 1 hour out…..

[Khalsa]

Oh dear, inverse 10 point loss limits would have worked a treat lol

Plan your trade, trade your plan!

[Khalsa]

test for the time of post roughly 20:02 now

Plan your trade, trade your plan!

[Khalsa]

Thanks for that Dan. Changed it.

No donkeys as it stands.

1858 SU level now but worse is 1850/3 is support now

Plan your trade, trade your plan!

[MAURITIUS]

Worried its a flag to 1872 zone….

That would be super annoying…

[Khalsa]

one word.

aaaarrrgggghhh

But still made amazing points on the way down, so just stuck in one new one

However gamble trades remain stupidity

Plan your trade, trade your plan!

[MAURITIUS]

Any EW?

[Khalsa]

No idea yet Dan. Lets see the systems

Plan your trade, trade your plan!

[Author]

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