WEDNESDAY 12/07/17 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 12TH JULY 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 06/07/2017.
TODAY IS DAY5.

SYSTEM BDIP
We have a BDIP triggered at close on 05/06/2017.
It is now negated after DAY4.

DAY1… We got a low of -8.25.
DAY2… We got a low of -6.75.
DAY3… We got a low of -4.75.
DAY4… We got a low of -20.00

SYSTEMS TRIGGERED

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

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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 2424.50 (basis Sep)

K+3 = 2427.50

K-3 = 2421.50

Conclusion

We have 1 KHC+3 SYSTEM in play.

We have a KTS DAY5 in play.

Plan your trade, trade your plan!

[Khalsa]

Now that we have got WNER out of the way, we can once again see if it wants to go down.

This is the most boring market there is to trade. Volume is incredibly thin and there is no real oomph up[ or down.

Really not sure which way it goes from here. My thoughts remain a sudden sharp move down to 2400, but its just not happening.

Plan your trade, trade your plan!

[Khalsa]

So much for that. It was a sudden sharp move up instead.

Why? Because Yellen said that she will raise rates slowly and take the FED PUMP trillions out slowly too.

Very hard to comprehend such a market that believes nonsense and reacts like it does when the nonsense can simply change tomorrow.

The SYSTEMS today are suggestive of weakness, but after such up days we usually get another up day or a consolidation day.

Since hitting the 24x.x low target it looked promising for a bounce and then break down. Yesterday has wrecked that completely.

SO now I have to wait for another short term signal to give us downside whilst we wait for larger confirmation.

 

 

Plan your trade, trade your plan!

[Author]

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