(See Above) The buyers mounted a breakout attempt shortly after the open to the upside but the move was short lived and we only got about 4 points of traction out of the move. Later the upward momentum fizzed and the market traded in range bound chop. 2 hours into the session the sellers took control and broke the market down. The system got us into a 3 point down wave before the market went soft and we lost momentum for the remainder of the session.
(See Above) Tuesday the market made a parabolic move to the upside right off the open and the system issued a counter trend short trade at 2265.00 – right as the order filled the market got short squeezed hard and blew right through our full stop. The market eventually faded back 7+ points after stalling out a bit higher. Later the buyers took control again and the system got us long. The immediately reversed on us for a 2nd full stop out. Finally later in the session we caught a decent up move for nearly 4 points of traction.
(See Above) It was a Fed day and we got nicked on a full stop-out in the early morning chop. Later the market went dormant waiting on the Fed announcement which came at 2:00 pm EST. The market went into a frenzy with several quick up move – down move another down move and then the system caught the big drop for us exposing us to 7+ points of traction.
(See Above) The market blasted off on high volume about 20 min. into the session and the system caught us nice long entry that exposed us to 9 points of follow-through traction. Later the system caught a short for limited traction.
(See Above) Caught one good short hitting our 2 scalp targets in early in the morning chop. We close up shop for the week 2 hours in.
Weekly Summary – Performance Stats For Week Of December 12th, 2016
(See Above) It was a tricky week to trade with the market waiting for the Fed news on Wednesday as well as lots of pre-holiday chop starting to develop. We got banged up with more than usual with 3 full-stops but also caught a few big moves. In the end the system managed 4.0 times positive traction vs. negative traction. (We like to see at least 3.0 times positive traction) Note: This was our final week before we throttle down from official trade during the holiday period. The system will run the next 3 weeks through Christmas/New Years the first few hours of each session in unofficial mode for folks who want to sim trade during the holidays. Live trade is not recommended from December 19th through to January 9th.