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Futures Trading Room – July the 12th Overnight Overview

July 22, 2016

Below is the alert I sent to subscribers:

If SPY closes above 213,45 the following patterns will trigger:

SHORT PATTERNS 82-141-210-258-266-357-359 (PRICE-RSI)

If that happens I will enter SHORT.

Notes:

Stop Loss = 28 ES points

Take Profit = none

Again market gapped up the next day against my short position. The edges were there anyway, there was nothing wrong with the setup. As we are here taking these losses, we shall be here for the coming gains. Losing streaks can last many trades before resuming, and we need a lot of patience to survive these hateful trades.

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