WEDNESDAY 11/05/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 11TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 06/05/2016.
TODAY IS DAY3.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
It is now negated after DAY6.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY5.

SYSTEMS TRIGGERED

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

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

ES8A
SHOULD GET+3 AND A -3. DOES NOT ALWAYS CLOSE AT LOWS

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.

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

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.

Spoos closed at 2077.50 (basis Jun)

K+3 = 2080.50

K-3 = 2074.50

Conclusion

We have 2 KHC+3 SYSTEMS in play.

We have a KTB2 DAY3 & DDUD DAY5 in play.

Plan your trade, trade your plan!

[Khalsa]

I did not like the close above 2080 SDPX yesterday.

Hopefully it can close back below and be a “High” still however demonstrated (and the 2040 low) that MAD mode may not be over yet.

We need divergences now and then hard down to confirm a bear trend.

 

Plan your trade, trade your plan!

[Khalsa]

It may even need the BDIP’s and KTS all over again

Plan your trade, trade your plan!

[Qman]

We got to -7.75 I think.

With the systems, DDUD and KTB I suppose it’s +5 next.

Later amigos

[Khalsa]

Good that the move above 2080 SPX was a spike. This 2060/3 is back to that level of support. If it can close lower than that, the high is indeed in and hopefully 1980 next

Plan your trade, trade your plan!

[smashie212]

Khalsa wrote:

Good that the move above 2080 SPX was a spike. This 2060/3 is back to that level of support. If it can close lower than that, the high is indeed in and hopefully 1980 next

will it be enough to negate the KTB ?

[Khalsa]

All I ever wanted was was a close at lows and yet it came in right after a total SU day yesterday which closed above 2080.

That scared me and hence I did not add more to shorts other than yesterday at 2080 for the plan.

Still I am very happy

 

 

Plan your trade, trade your plan!

[Khalsa]

No Smashie not negated today. It only just missed.

However it could easily negate tomorrow and be on trigger for a KTS

Plan your trade, trade your plan!

[Author]

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