(See Above) It’s Monday and we are finally back to system trading for the new year after our 3 week break from official trade over the holiday period. The bias was to the downside today at the open and the market made two quick down-wave attempts which the system caught for minimal traction
(See Above) Tuesday the sellers had control early on and tried to run the market lower in 2 failed attempts. The system got is in short with limited traction. The market shifted to the upside and the system switched gears to get us in long for a pair of decent moves one giving us 4 points of traction on a strong thrust higher over about 2 hours.
(See Above) The buyers kept feigning breakouts to the upside early on and the system got us in long for limited traction. Later the market plunged out of nowhere and the system was able to pick off a short entry for us and alert us to 4 points of traction.
(See Above) The market plunged on high volume right at the open and the system got us in short at 2260.50 for 9+ points of positive traction on a good old fashioned high volume watershed sell-off. The system issued 3 more alerts each with limited follow-through most ending in break-even stop outs.
(See Above) The market feigned higher right after the open and the system attempted to play the breakouts. The first entry gave us decent traction hitting our 2 scalp targets of +0.75 and +1.50 but the 2nd entry if you played it resulted in a Friday the 13th FULL STOP OUT!
Weekly Summary – Performance Stats For Week Of January 9th, 2017
(See Above) Our first week back to official trade after the holiday down period and the market gave us some decent action to work with. In the end the system managed 3.8 times positive traction vs. negative traction. (We like to see at least 3.0 times positive traction)