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Futures Trading Room – Overnight Overview of May the 4th 2016

May 5, 2016

This is the alert I sent to subscribers:

If SPY close below yesterday’s close at 206,16 the following patterns will trigger:

LONG PATTERNS 84-95-107-164-173-178-213-217-292-293-296-297-298-320-339-390 (PRICE-RSI-VIX)

If that happens, I will enter LONG.

Notes:
Stop Loss = 27 Emini points
Profit Factor = 18,5
Calendar Seasonality is neutral.

The ODDS  MAP for 16 long patterns triggering highlights good profit factor above 2 and % of winnings above 65%:
enough to take the trade.

It could have been better: futures retraced more than half of the gain before I exited the trade as usual. Small profit is better than loss, as it’s impossible to forecast the high of the night.

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