If open is greater than 918 then sell short @ mkt
Exit 1st profitable open or 2% stop loss
Entry criteria is based on the big S&P futures price 9:30 EST time open. You can get quotes here.
Out of the 6 short term trades that have hit since we started this blog, we made 45.2 points on the long from April 1st , plus a 12pt win on the Feb 24th long entry, 15pts on the Jan 15th long entry, lost 17.3 pts from Jan 13th long entry, lost 17 pts on November 18th, and made 52 pts on the win from October 28th Net, the short term system is up 89.9 pts in 6 trades. The performance results are based on 1 large contract trades since 1982
Again this setup criteria is based on the big S&P contract not the ES .
2 comments:
18 min. till open and ES on way back down. Even if it stays above 918 to open, the sentiment of the day seems major bullish. I "feel" that if the short model triggers today it will be a loser. But then there's always tomorrow to prove me wrong.
Then again, sentiment is but a wisp of smoke, and discipline follows the model. Lesson learned. (Until next time.)
Post a Comment