(See Above) Monday we experienced a super high traction day as the market broke down 30 minutes into the session and went into a sustained “water-shed” sell-off. The system kept us short catching a 13 point move early on.
(See Above) Tuesday we ended with a sloppy chop day and we had to be extremely patient. An hour and a half into the session the system alerted us to a long entry that resulted in 4 points of traction.
(See Above) Wednesday we saw a strong 10 point push higher shortly after the open. The system kept us long during the run-up. Later the market fizzled and after being trapped in congestion for a bit broke down hard and went into a water-shed sell-off. The system caught the first big wave down for 3.5 points of traction.
(See Above) Thursday the market remained trapped in congestion for about the first 2 hours of the session. Later the buyers attempted several times to break the market out to the upside but with follow-through in the end. The system issued 2 Long alerts that gave us limited traction.
Friday April 7, 2017 – No Trade Alerts
Weekly Summary – Performance Stats For Week Of April 3rd, 2017
(See Above) We experienced a high traction week overall but it wasn’t evenly distributed. You can see from the chart above that our 2 hot action days were Monday and Wednesday while Tuesday and Thursday there was less traction to work with. Friday we only trade the first 2 hours before we begin our weekly user group live meeting and the system did not issue any alerts within that timeframe. In the end the system managed 7.3 times positive traction vs. negative traction which gave us a decent edge to work with. (We like to see at least 3.0 times positive traction)