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Futures Trading Room – Overnight Overview of November the 2nd 2015

November 3, 2015

This is the alert I sent last night:

If SPY closes above 209,44 the following patterns are triggering:

SHORT PATTERNS 108-114-404 (SEASONALITY)

If that happens I will enter SHORT.

(stop loss = 25 ES points)

I ended the night with a small profit. Anyway, everything helps coming out of drawdowns!

From → Uncategorized

2 Comments
  1. David Skalak permalink

    Can you say a little more about using a humongous stop loss of 25 ES points, please? Thanks.

    Like

    • Hello David, I’m writing an article on it. I’m explaining it there. Anyway, large stop loss rarely triggers and they let more room to trades.
      Many times I end stopped out with the market reverting back to breakeven then.

      Like

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