Futures Trading Room – Overnight Overview of March the 23rd 2016
Here’s the alert I sent out Yesterday:
Yesterday we saw a perfect Double Outside Day.
Yesterday’s high was a 50 days high, and this, together with the Double Outside Day condition, occured only 7 times in the past 20 years. All of them showed a down gap at the open the day after.
Stop loss = 26 Emini points
I will enter SHORT.
The down direction was steady though the all night. I closed the trade with a 13,6% and 9,5% of gains on my two accounts. I had some bullish patterns triggering as well, but the bearish one was too perfect not miss it. I ignored the other patterns triggering (not excitingly bullish stats), and this revealed to be winning.