Futures Trading Room – Overnight Overview of November the 2nd 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!
Can you say a little more about using a humongous stop loss of 25 ES points, please? Thanks.
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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.
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