WEDNESDAY 21/05/2014 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 21ST MAY 2014

Hi all,

Recap ….

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

I have 1 short in Ftse, 1 Long in spoos, 18 shorts in spoos and 2 swing positions open.

Onto today …

KP
None in play.

KTB
None in play.

KTS
We have a KTS5 triggered at close on 14/05/2014.
TODAY IS DAY5.

SYSTEM BDIP
We have a BDIP triggered at close.
It is now negated after DAY4.

DAY1… We got a low of -1.25.
DAY2… We got a low of -12.00.
DAY3… We got a low of -26.25.
DAY4… We got a low of -6.00.

DDUD
None in play.

SYSTEMS TRIGGERED

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

SYSTEM ESE
GET +3 AND -3 BOTH. CAN BE A TRENDING DAY ONCE WE TRADE >+4 OR < -4 AND CLOSE POSITIVE OR NEGATIVE RESPECTIVELY

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

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

SYSTEM 65 (KHC+3)
CAN GET+3 & -3, BUT BIASED TOWARDS A +3 (KHC)

SYSTEMSPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 1868.25 (basis Jun)

K+3 = 1871.25

K-3 = 1865.25

Conclusion

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

W also have a KTS5 DAY5 in play.

Plan your trade, trade your plan!

[Khalsa]

Although we have a return of the KHC+ve’s we have a KHC-4 also.

The hope is for a pop and drop.

If its a drop first then it can pop and sustain the pop.

Price on ES must stay below 1874

Nothing here shows a downtrend has started. I feel a top is in, but its not confirmed yet on the charts.

Plan your trade, trade your plan!

[Khalsa]

Furthermore I got the drop I wanted and on the day I wanted.

In these QE times that is all we have got.

SO once again we are looking for a pop and drop

Plan your trade, trade your plan!

[MAURITIUS]

well if +3 comes first, it looks a decent short for the -4

slightly positive as it stands.

[Khalsa]

We printed a +3.25 and now going down.

That is good.

Yesterdays gap needs to be a breakaway gap for Bears to celebrate

Plan your trade, trade your plan!

[MAURITIUS]

Short 1871.38 (+3.75)

[Khalsa]

What a day! I got tied up with something pretty awful really. Back now.

SU level is 1880.50.

The mustard looks perky.

Wow well how right was that what I said last night. Ie the drop yesterday is all we have got in these QE markets.

The really bad news is that at close as it is, this will trigger a KTB.

We need it to fall into close to stand a chance of negating that.

Plan your trade, trade your plan!

[Khalsa]

oh no. Welcome back K, to a 7pm mega WCB

Plan your trade, trade your plan!

[Khalsa]

complete opposite of yesterday. This is how irrational the markets have become

Plan your trade, trade your plan!

[smashie212]

If that KTB is not a one day wonder then it points to a memorial holiday high coming up

[Author]

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