(See Above) Monday was an extremely low-traction, non-trending day with a slight downward bias. The market spent the entire session trading sideways with a few light hearted breakdown attempts which the system tried to capture. The follow-through was weak and the trades incurred drawdown before moving in the right direction.
(See Above) Another non-trending day like Monday, but Tuesday gave us a few bigger price cycles to work with and the system was able to alert us to 3 short entries with some decent follow through considering the overall momentum for the day was pretty light.
(See Above) Wednesday saw indecision right out of the gate and the first short trade alert had lousy follow-through with eventual drawdown. The trade was either scratched B/E or knocked out with a loss depending on how you played it. After the downmove fizzled the market was able to get back above support where the buyers tried to run the price higher in several attempts. The system alerted us to 2 moves, one which had decent follow-through of several points while the second move fizzled after only 2 points.
(See Above) Thursday the market started off with a nice initial down move which the system alerted us to for a full 6 points of traction in our favor. The 2 subsequent breakdown attempts fizzled without much follow-through.
(See Above) Friday the market begain the morning with extremely low momentum and there were no system trade alerts before we went into our Live Round-Table Group Meeting/Training that we do each Friday morning 2 hours into the session.
Weekly Summary – Performance Stats For Week Of October 17th, 2016
(See Above) We did not have a single trending day all week to work with and every day was light on momentum and mostly range bound with occassional attempts to run the price. Trading this week required a lot of patience as the setups were few and far between and the follow-through on many trades was slow and tedious. The system alerts averaged 4.0 times more positive traction for the week.