(See Above) Today was one day after Brexit and Oh Boy… what a day it was! We had seen a huge gap down and sell-off on Friday, and another huge gap down today, so it was unsure whether or not we would see a gap fill attempt off the open and a bounce rally to the upside. As always, the system uses the Morning Quicksand Zone as its reference point for trading direction. As price quickly started breaking down below the bottom of the quicksand zone at 2001, the system started getting us short. We caught a record 6 short trades all in the first hour. The market remained in a strong downtrend for the first 2 hours under massive selling pressure until bouncing substantially. You can see how the system had us short all morning and then caught the big short covering rally turning point to deliver the best trade traction of the day. All 7 trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration) before going on to deliver multi-point runs. 3 Trades hit a 4 point target and the final winner of the day delivered a 7 point run. The best way to describe the trading today is like “shooting fish in a barrel”.
Read More: How Brexit Influenced Our Trading
(See Above) After a fake-out move to the downside, the market quickly changed course and moved back to the upside. As we broke above the top of the Morning Quicksand Zone which was running at 2068.50 the system began getting us long. A powerful uptrend/rally ignited and the market spent the remainder of the session climbing at a steep angle cutting through all the overhead resistance in its path like a hot knife cuts through warm butter. The remaining 4 trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration) before going on to deliver multi-point runs, 2 of which delivered 6 point moves.
(See Above) Today we experienced the classic “Gap and Go” Day. The equity markets opened higher and “kept on a truckin”. As price moved out of the Morning Quicksand Zone at 2045.25 the system immediately started getting us long on high volume action. The market was under strong accumulation the entire session and the system kept us long the entire day with 7 out of the 8 trades getting you to a guaranteed 1-Point Delta Target, (or no-lose configuration) before going on to deliver multi-point runs. Another super high traction day with the trading action like “shooting fish in a barrel”.
(See Above) Today was another bang-up day for tick traction on the alerts. As we see on the tick-traction graph above, the first alert fizzled but the following four more than made up for that. Remember, the important thing to understand when day trading is that not every single trade is going to go in your favor. It’s a fact of life. What’s important is how the trades pencil out over a series. Today’s alerts were a perfect example of that and even though the first one didn’t get much traction, the following alerts went on to be what we call “runners”. Overall the day ended up with a very respectable point gain.
(See Above) Today was short and sweet. (The system typically runs for the first 2 hours on Friday unless we have an obvious rip-roaring trend in progress) The market bolted right out of the gate to the upside on high volume and the system within 5 minutes of the open got us long above 2091.50 and exposed us to a strong 7.5 point run. Price eventually leveled off before sinking all the way back to the opening price during the remainder of the session.
(See Above) We experienced one of our highest point traction weeks since inception. The Brexit Vote stirred things up really nicely for us and got a dull market moving moving forcefully again. As I mentioned, several of the days, the trading was like “Shooting fish in a barrel”. (If you had done nothing more than play every signal trade with our 2-contract scalp configuration you captured over 40 net points for the week.) On Average, the system signals exposed us to a 4.5 times greater, positive to negative tick traction ratio for the week. Your job as an individual trader is to develop and hone your Trade Management skills to the point where you can capture as much of that positive point traction as possible.