Futures Trading Room – Overnight Overview of March the 10th 2016
Here’s the alert I sent to subscribers:
If SPY closes below 200,45 AND above 197,25 the following patterns will trigger:
SHORT PATTERNS 96-97-162-396 (VOLUME-BOLLINGER-SEASONALITY)
If that happens, I will enter SHORT.
Note: Stop loss = 24 Emini points
Bad night. I ended with a bad loss of about 17% and 12% on my two accounts. The edge was good but it didn’t play out. Sometimes the odds fade hard, even though not badly enough to trigger my stop loss orders.