The current oversold market condition , price pattern, spike in VIX and spike in bond prices set up a short term bullish scenario for the S&P if tomorrow July 9th the S&P futures open below 882 then rally through 882.This setup criteria is based on the big S&P contract not the ES .Entry criteria is based on the big S&P futures price 9:30 EST time open. You can get
quotes here. The performance results are based on 1 large contract trades since 1982If open is below than 882 then buy at 882.Exit 1st profitable open or 2% stop loss
Out of the 8 short term trades that have hit since we started this blog, we made14.8 pts from the short on
June 5th, made 9.5 pts from the
May 7th short ,made 45.2 points on the long
from April 1st , plus a 12pt win on the
Feb 24th long entry, 15pt win 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 114.2 pts in 8 trades.
4 comments:
I'm sorry to "beat a dead horse" here, and I appreciate your time - but - there is no way to tell what the opening price was at the market open if you weren't sitting there watching the screen at 9:30 EST. You can't look in later and tell where on that chart the MARKET OPEN was, to the minute.
OR - I might be missing the point that if I'm going to be on top of the trade I NEED to be at the screen at the open watching the price.Is THAT the main point?
Once again, thank you for your education and time!
Nice market hose job. 882 stops elected in ESU, high in SPU is 881.90.
O.K. HERE IT IS. ~ At this chart:
http://finance.yahoo.com/q/bc?s=SPU09.CME&t=1d&l=on&z=m&q=l&c=
when it says 9:30 EST in the area below the chart, it corresponds to 1:30p.m. ON the chart, and it should say 2:30p.m. on the TOP of the chart toward the top-right corner. (All of which will not occur until 9:50a.m. EST as it is on 20 min. delay behind real time.)
Here is a pretty good chart for futures
http://futures.tradingcharts.com/intraday/SPU9
which will only show market hours, mouse over the 30min. bar and get exact OHLC #'s. Seems to be on Central Time (8:30 to 5:00) but no guessing where on the chart the open was exactly, etc. ES charts there as well; daily, intra, candles, indicators, etc.
You guys give precise figures and have a winning % so I hope this helps anyone else be more able to follow your directions regarding these trades. If I check these chart I can actually follow your trades now.
[Above I meant 8:30 to 3:00 (not 5:00)]
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The ES chart:
http://futures.tradingcharts.com/intraday/ESU9
DOES run 24hr. but you can still get exact clear no.'s. Market open will be the open on the 8:30 bar(it's Central Time). Only drawback is 30 min. is shortest interval for bar or candle. (I'm done. I promise.)
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