If you had traded over the weekend, the EOD system would have yield a profit today.. however, you would have had to have ridden through a very large draw down. Tonight, we are seeing another sell signal to take profit at 1483. The markets look very jittery and after todays rally I am not sure whether to take this or not. For those who fancy it, give it a shot!!
Hi All, Hope you all are well. The futures market continued to fall since Friday and opened lower. However, today, the market rallied. There were a few opportunities as I got back tonight. I bought as the market retraced and bounced off the 5 day MA at 151050. I was holding out for a target of 151450 but it didn't make it with the swing and I ended up with a scratch trade. I had moved the stop to entry as the market had moved upwards, at one stage I was +11 up on this trade.. nevermind.
Unfortunately, the market crashed today and I ended up losing on the S&P EOD trade. I have capped my losses at 10 points so I ended up taking that hit! Oh well, win some you lose some.. we're still winning 5 out of 7 trades!
