WEDNESDAY 19/08/15 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 19TH AUGUST 2015

Hi all,

Recap ….

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

I have 6 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 04/08/2015.
IT IS NOW NEGATED AFTER DAY2.

KTS
A KTS has triggered at close on 13/08/2015.
It is now negated after DAY3.

We are now on the first trigger for a new KTS.

SYSTEM BDIP
We have a BDIP triggered at close on 10/08/2015.
It is now negated after DAY4.

DAY1… We got a low of -29.00.
DAY2… We got a low of -33.00.
DAY3… We got a low of -11.00.
DAY4… We got a low of -7.00.

DDUD
We have a DDUD Season triggered at close on 14/08/2015.
TODAY IS DAY3.

SYSTEMS TRIGGERED

ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

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 ES8 (KHC+3)
MORE CHANCE OF UPSIDE THAN DOWNSIDE. USUALLY GIVES A +3.

SYSTEM SPXG
More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.

SYSTEM SPX5
Not much lower in RTH, High +4/+5, HOWEVER IF SPX GAPS DOWN OPEN IT CAN BE A SERIOUS NEGATIVE SD DAY

Spoos closed at 2093.25 (basis Sep)

K+3 = 2096.25

K-3 = 2090.25

Conclusion

We have 2 KHC+3 & 1 KHC-4 SYSTEMS in play.

We have a DDUD DAY3 in play.

Plan your trade, trade your plan!

[Khalsa]

Well yesterday showed that 2089 was not prepared to break down.

The ongoing daily CIT level is now 2090, so below that in RTH tomorrow and we can go back to a downtrend short term.

ESG/SPXG is a worry but as per usual will it be a +3/+5/+7/+10 and down or SU, that will be the tell.

The daily SYSTEMS have KHC’s which support a possible pop and drop (as long as its not a drop and pop)

That leave the KTS which has just negated but on trigger for a new KTS.

For now for me its all about 2089 breaking down and 2100/2105/2110 holding.

Even more macro is the 2095 whip level.

 

 

Plan your trade, trade your plan!

[MAURITIUS]

I reckon pop n drop and slight pop again…lol

[Khalsa]

What about THE METALS and the silver mustard?

Plan your trade, trade your plan!

[MAURITIUS]

Mega rally…. Except for copper…

[Khalsa]

lol Dan, ok mate.

Plan your trade, trade your plan!

[Khalsa]

Nice to see a -9 has printed. However WCB just came along and now its a -4.

The low was 2085 (which is super) but the broken supports as per above need to hold now as resistance.

 

Plan your trade, trade your plan!

[MAURITIUS]

Silver on the runway… 🙂

[Khalsa]

Go silver go!

As for ES, the best hope is that GFS does not trigger as we have printed a +4.75 already.

The levels remain as above.

It looks hopeful for more down later

 

Plan your trade, trade your plan!

[Khalsa]

Lovely stuff.

Now over to the next hurdle. Early low or not?

I want NO GFS and “or not”

Plan your trade, trade your plan!

[MAURITIUS]

I am trying to break COMEX on my own…lol

[Khalsa]

NO GFS.

Plan your trade, trade your plan!

[MAURITIUS]

Khalsa wrote:

NO GFS.

superb….

[Khalsa]

Again we have a ESG/SPXG which has been a pop to a minimum and then drop.

All a very good sign of the bull coming to an end.

Plan your trade, trade your plan!

[Khalsa]

Closed the 2097 short at 2078 for 19 points to keep up with my strategy of bankings and runners

Plan your trade, trade your plan!

[Author]

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