5-Day Momentum Indicator. S&P = yellow.
IB = Intraday Behavior. PM = Price Momentum.
For Friday(2/21), the Up/Down Indicator is .60, suggesting
a positive bias for the Stock Market.
The SP Interval = 6 points. Use 10 points with increased volatility.
I will now include the performance of my trades. The day's
performance and the cumulative number will be added.
There is a group of several individuals that can confirm this
number.
Method:quick intraday "buy support/sell resistance" technique.
Every daily session has "UP and DOWN WAVES". I use my interval
as the amplitude of these waves and exit the market when I have
reached a profit = 1/3 the Interval. Stop loss = 1/2 to 1
x Interval.
My typical loss is greater than my typical profit.
Patience to wait for the market to come to my entry point,
compensates for the concept that profits should be larger
that losses!
By the way, my performance in January was phenomenal. Those
who have followed me, know that I was "right on the money."
I know most hedge funds got hurt! So please do not ask why I
started keeping track now and not from the beginning of the year
when the market declined significantly.
Today's Performance = 3.3%
Cumulative = 6.8%
7 comments:
Great Tips. Thank you, Will.
Will - can one use the Ultra ETF's SSO and SDS with your strategy?
Noble...
what a freak'n day
Will ,
So how do you measure your profit / loss and verify trades etc....just depend on your final figures ...futures options ....???? With the whipsaw action we have had ..I really doubt anyone could have had a phenomenal month but ...if you say so ..be really interesting to see easy to provide fill times and dates like I do ??? Maybe we can join together to help the public and post our buy and sell times via the web...I bought 2 ES long today at 1330 cash SPX and it is timestamped in our MSN Messenger ....If you had a Phenomenal month then you did but I would really like to track it to see how you pull off your buys and sells ...be phenomenal if everyone was as good as they say they were ...I have to live in the truth daily with my 100 members and it has been a tough year ...maybe your service can save us all ????
Thanks for your hardwork but I would like to see it work for someone besides you in private ..want to see actual trades or times or buy and sell recommendations...maybe I am missing something ????
Great work as usual and best of luck and continued success.
http://www.ttthedgefund.blogspot.com
Tom
24/7
noble
I don't see why not, but you get more bang for your buck with futures.
heh...i love the way you analyze the charts.My My little blog is a dwarf compared to yours ;p
well, all in all i would say it was a down day. ok i was long all day long and i am happy we closed where we closed but sentiment was superbad. i am not sure it is a prolonged rally. but i am waiting for will´s up/down indi maybe we get a up again. i certainly would appreciate a bear rally............
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