WEDNESDAY 12/10/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 12TH OCTOBER 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points in spoos today.

I have 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 15/09/2016.
It is now negated after DAY18.

KTS
We have a KTS5 triggered at close on 09/09/2016.
It is now negated after DAY4.

SYSTEM BDIP
We have a BDIP triggered at close on 05/10/2016.
It is now negated after DAY4.

DAY1… We got a low of -10.00.
DAY2… We got a low of -18.50.
DAY3… We got a low of +2.00.
DAY4… We got a low of -37.50.

We have a Borderline BDIP triggered at close on 28/09/2016.
It is now negated after DAY4.

DAY1… We got a low of -25.75.
DAY2… We got a low of -13.00.
DAY3… We got a low of -13.75.
DAY4… We got a low of -17.50.

DDUD
NONE IN PLAY.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.

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 ESH10
CHANCE OF +3/+5, IF IT GOES FOR LOWS IT SHOULD NOT CLOSE AT LOWS. HOWEVER COULD BE A VERY BIG RANGE DAY.

ESL2
USUALLY GIVES -4/-7

ES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWS

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

Spoos closed at 2134.50 (basis Dec)

K+3 = 2137.50

K-3 = 2131.50

Conclusion

We have 2 KHC+3 SYSTEMS in play.

Plan your trade, trade your plan!

[Khalsa]

At last the KTB negates.

Last hoorah now to spike 2040/3 or can we finally go down?

Plan your trade, trade your plan!

[Khalsa]

Fed minutes later today.

Lets hope it’s not the usual mad rally. Personally I think not.

Plan your trade, trade your plan!

[Khalsa]

Nothing wrong with today.

FED minutes shortly.

MS could trigger short.

Plan your trade, trade your plan!

[Khalsa]

Bit of a pop and drop on the FED minutes but too early to say direction.

Any crookedness could come, but whilst below 2040/3 area, I remain confident of 2100

Plan your trade, trade your plan!

[Khalsa]

We will get a KTS at close as it stands.

 

Plan your trade, trade your plan!

[Khalsa]

Below 2130, we should get back near 2020 area.

Plan your trade, trade your plan!

[Khalsa]

So tomorrow needs to stay below circa 2140/3 area and if so it can fall nicely.

I am looking forward to tomorrow and hope it does not disappoint.

Today’s action supports my continued view.

Plan your trade, trade your plan!

[Khalsa]

The scenario maybe that the crooks are so ruthless and greedy that they may start tanking the markets so that the fed keep the supply of cheap money going and interest rates low

Plan your trade, trade your plan!

[Khalsa]

So far so good overnight with the plan.

However I have seen this bounce for no reason so many times before,  let’s see what happens. 

Plan your trade, trade your plan!

[Author]

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