Skip to content

Futures Trading Room – Overnight Overview of August the 1st 2016

August 31, 2016

This is what I sent to subscribers:

If SPY closes below 217,19 the following patterns will trigger:

LONG PATTERNS 28-34-107-173-339-381 (PRICE-VIX-RSI)

ODDS MAP   3,9 – 76 – 185

If that happens I will enter LONG.

NOTES:

Stop Loss = 27 ES points

Take Profit = 44 ES points

Daily price charts is full of bearish RSI divergences. This is a difficult setup for longs, that’s why prudent traders should stay out.

Anyway, I’ll take this trade if the above rule triggers and track it on my result sheet.

As it is obvious after, I should have been PRUDENT! SPY opened 0,13% lower the next day.

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: