WEDNESDAY 09/08/17 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 9TH AUGUST 2017

Hi all,

Recap ….

Intraday wise…. I banked 0 points in spoos today. I have 1 short FTSE, 1 long in Gold, 1 long in Silver, 1 short on Dow, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 05/06/2017.
It is now negated after DAY7.

KTS
We have a NEW KTS triggered at close on 08/08/2017.
TODAY IS DAY1.

SYSTEM BDIP
We have a BDIP triggered at close on 25/07/2017.
It is now negated after DAY4.

DAY1… We got a low of -2.75.
DAY2… We got a low of -16.25.
DAY3… We got a low of -10.50.
DAY4… We got a low of -5.00.

SYSTEMS TRIGGERED

SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY

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

SYSTEM SPXE
MORE DOWNSIDE THAN UPSIDE, CHANCES OF -4,-7, THE CLUE TO A DOWN IS SPX TRADING NOT MORE THAN +3, SPX TRADING > +3 GIVES CHANCE TO A POSITIVE CLOSE. IF SPX DOES NOT TRADE MUCH NEGATIVE IT CAN BE A SU SYSTEM BUT DOES NOT CLOSE AT HIGHS.

SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 2472.75 (basis Sep)

K+3 = 2475.75

K-3 = 2469.75

Conclusion

We have 1 KHC-5 SYSTEM in play.

We have a KTS DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

A new KTS and a KHC-5 SYSTEM that has already come in.

This can go two ways now. The way that has been normal in that it just bounces straight back up again after yesterdays pop and drop.

or

It looks really good for a top yesterday.  The target would be back to 2458 ish.

I think it is really feasible here. I also feel that we should have put in a more meaningful top and should 2455 ish break down, we can fall further.

I will short any early rally today.

 

Plan your trade, trade your plan!

[Author]

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