(See Above) Today ended up being a light accumulation day to the upside as the market bounced and retraced after Friday’s sell off. It was a slow grind at first but the market picked up steam going into the close after a deep pullback back against the trend. The system caught several of the waves during the first 3 hours.
(See Above) Tuesday the market bias was mostly to the downside after Monday’s bounce back. The buyers tried to run price higher early on but fizzled and the market dropped into a congestion zone. A short time later the sellers took control and ran the market down in a series of nice waves that the system was able to get us into to short.
(See Above) Today ended up being a Doji Bar on the daily candle without very much range. The system caught the first wave off the early morning breakout attempt for 6.5 points of positive traction and then the market basically went flat for most of the remainder of the session on low volume. The market drifted lower into the close.
(See Above) After Wednesday’s low range day, the buyers grabbed control again and ran the market higher for most of the session in a light up trend. There was some erratic price behavior at the open but price was able to eventually breakout and the system got us into to 2 high traction moves to the upside before the momentum basically dropped out of the market.
(See Above) Friday was another low range day with little traction ending up in another Doji Candle on the daily timeframe. The first trade fizzled and we had to scramble to scratch the trade. The second alert gave us 4 points of positive traction to work with.
Weekly Summary – Performance Stats For Week Of September 5th, 2016
(See Above) After a crushingly slow August and 6 weeks of low volatility after the Brexit shake-up the market finally awoke from its long slumber to give us some decent action to work with. You can see the difference a little “Motion in the Ocean” can make in systematic trading. We got exposed to an average of 10 points of positive traction per day and the drawdown levels were relatively low. As I mentioned last week, “Watch for the action to pick up – the worst summer doldrums in 22 years may finally be over.” Looks like we are back in business.