WEDNESDAY 15/01/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 15TH JANUARY 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB

We have a KTB2 triggered at close on 14/01/2014.
TODAY IS DAY1.

KTS
We have a KTS5 triggered at close on 02/01/2014.
It is now negated after DAY8.

SYSTEM BDIP

We have a BDIP triggered at close on 14/01/2014.
TODAY IS DAY1.

DAY1…
DAY2…
DAY3…
DAY4…

We have a BDIP triggered at close on 08/01/2014.
It is now negated after DAY4.

DAY1… We got a low of -8.00.
DAY2… We got a low of -6.75.
DAY3… We got a low of -28.25.
DAY4… We got a low of -2.25.

We have a BDIP triggered at close on 31/12/2013.
It is now negated after DAY4.
DAY1… We got a low of -24.50.
DAY2… We got a low of -6.00.
DAY3… We got a low of -6.00.
DAY4… We got a low of -1.00.

DDUD

None in play.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

SYSTEM ESD
GOOD CHANCE OF -3, -5, PAST -5 GOOD CHANCE OF -7/-10 ETC

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 ES3
SHOULD GET -3. UPSIDE AND DOWNSIDE UNSUSTAINABLE. LOWS TRADED SHOULD BE LOWER THAN HIGH TRADED, SHOULD NOT CLOSE AT HIGHS, IF WE TRADE < -3 CHANCE OF -7, -10.

SYSTEM ES7
POSSIBLE DOJI DAY, CAN BE WHIPPY AND UNTRADEABLE, ANY GAP UP OPEN SHOULD FILL THE SAME DAY. ITS NOT A SU MARKET AND RARELY MAKES MUCH PROGRESS.

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

SYSTEM SPXD
MORE DOWNSIDE THAN UPSIDE, NEGATIVE BIAS DAY

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 1833 (basis Mar)

K+3 = 1836

K-3 = 1830

Conclusion

We have 1 KHC+3 SYSTEMS in play. Also as per ES3, ES7 & SPX9 any gap up open should fill the same day.

We have a BDIP DAY1 & KTB2 DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

What a mad day yesterday but no surprise as it in that phase of “whip the best guess on direction”

Thankfully I stayed away form it and was saved by that.

SYSTEMS suggest a +3 but also a gap fill.

1838 is the resistance and above that its in mad mode to new highs imo.

KTB tells us it could trend up for a few days atleast but there is a BDIP also to confuse the issue.

I think I would trust the KTB more which will keep me away from shorting.

Support is at 1828 and then 1825, only below that can it retrace more

Nothing to do overnight and I lets see where we are in the morning

Plan your trade, trade your plan!

[MAURITIUS]

If it closes down alot tomorrow, say -20, would ktb likely negate?

Curious that wner was down and tuesday up. Wrong way round lol.

[MAURITIUS]

When I look at IG daily chart it shows New Year as an evening star, but it didn’t trade NY Day so guess it doesn’t count?

Dan.

[Khalsa]

Yes Dan, a good down day tomorrow can negate KTB and give a KTS and that would be a KTS/BDIP combo.

However I no longer think like that.

One day at a time and go with the flow.

Plan your trade, trade your plan!

[MAURITIUS]

Yes sure, but a least a BDIP gives us the chance of that. Better than no BDIP.

China A50 index is down 10% since December 4th fwiw.

[Khalsa]

We got to 1837.25 vs 1838 area again and fell to 1834 just now.

Still waiting for a trade

Plan your trade, trade your plan!

[Qman]

Morning all. Still planning not to short. KTB BDIP combo will prob keep me out today. Wait till tomorrow

[Qman]

Missed the ? Still planning not to short Kman

[Khalsa]

Well the GFS has not triggered today.

Plan your trade, trade your plan!

[Khalsa]

We are at the resistance here at 1838-1840 area now.

Plan your trade, trade your plan!

[Khalsa]

If we can hold here we should go down to fill the gap as per systems.

Plan your trade, trade your plan!

[Khalsa]

Sorry missed it as a question Qman. No shorts for me whilst this KTB is on as it stands

Plan your trade, trade your plan!

[Khalsa]

Its above 1838 now so 1846.5 gap is the next target and realistically higher with the KTB

Plan your trade, trade your plan!

[Khalsa]

Best hope for bears is an early high but with NO GFS, I cannot bet on the downside

Plan your trade, trade your plan!

[Author]

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