WEDNESDAY 20/08/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 20TH AUGUST 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 17 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 08/08/2014.
It is now negated after DAY7.

KTS
We have a KTS5 triggered at close on 05/08/2014.
It is now negated after DAY3.

SYSTEM BDIP

NONE IN PLAY.

DDUD
None in play.

SYSTEMS TRIGGERED

ESL4 ND
IF IT CAN GET BELOW A -3, THEN IT CAN BE A DDDD

ESHA

ESL5
SHOULD GET A DECENT NEGATIVE PRINT

ES4B

ES8B

ES9
SHOULD GET +3 AND -3 AND CHANCE OF POSITIVE CLOSE

ES91

SPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGE

SPX 10C
MORE DOWNSIDE THAN UPSIDE, SHOULD GET -3 POSSIBLY -5. IF TRADE PAST +4 CAN CLOSE POSITIVE

Spoos closed at 1977.25 (basis Sep)

K+3 = 1980.25

K-3 = 1974.25

Conclusion

We have NO KHC SYSTEMS in play.

Plan your trade, trade your plan!

[Qman]

Limits hit for 5 points on yesterday’s MS short

[Khalsa]

Nothing new to say yet really other than with KTB negated we can now look for some downside.

Problem is dips are likely to be bought still

For now my focus is on a 20-30 point quick fall to fill the NFP gaps

Plan your trade, trade your plan!

[Khalsa]

Well Europe is leading the way down currently with both FTSE and DAX down.

Initially US should follow on open. We are looking at a small gap down as it stands but it is less than 3 points so probably no SYSTEM GFS trigger.

Lets see, 10 minutes to go

Plan your trade, trade your plan!

[Khalsa]

Speechless as its another no volume day

Plan your trade, trade your plan!

[Khalsa]

1/2 point range for the last 2 hours.

Plan your trade, trade your plan!

[Khalsa]

KAIS is on the edge for a short

Plan your trade, trade your plan!

[Khalsa]

Hard to explain this euphoria really given what could happen geo politically.

But it seems intent on a double top / new high and that implies SPX > 1991.39.

That itself is close to SPX 2000.

We are at SPX 1985.30 as it stands so if we believe this is the final move up, then we can target 1991.39 to 2000 SPX.

 

Plan your trade, trade your plan!

[Khalsa]

Lol mega madness. It tanked 50 Dow points in minutes and now nearly all recovered.

God only knows its plan

Plan your trade, trade your plan!

[Khalsa]

These idiots have got the moon in mind.

Looks like Dow 17k next and its only just turned crookhour

Plan your trade, trade your plan!

[Khalsa]

Typical madness. It leave you fuming, annoyed, irritated and angry.

Why? WHy is there this rally? What reasons? What news?

Yet no one can provide the answers.

Post 2001 these markets have been so different.

2.30 points from a new high on SPX

Plan your trade, trade your plan!

[Khalsa]

Yes no new lows on VIX or VXN.

We have rallied 95 points on ES in 8 days.

Ofcourse economically and geopolitically that makes perfect sense!

I say we email the bloomie bimbos and ask them lol

Plan your trade, trade your plan!

[MAURITIUS]

Crackers…..I saw it starting to fall and then bang, back up….. And some.

at least we have an ms target at 1963 (I think).

Dan.

[MAURITIUS]

I thought a negated Ktb would be good for a bit of downside action…..

[Khalsa]

The volume on that down spike was very good Dan. The volume back up was not that good.

Explain that?

Made up figures pollux

Plan your trade, trade your plan!

[Author]

Posts