Futures Trading Room – Overnight Overview of August the 30th 2016
Here’s what I sent to subscribers:
The following patterns are triggering:
LONG PATTERNS 173-178-198-293-296 (PRICE-VIX)
Notes:
Stop Loss = 27 ES points
Take Profit = 22 ES points
ODDS MAP: 1,89 – 63 – 219
Nothing special, if we only look at the Odds Map. But I found one interesting new rare pattern resulting with all of nights UP:
– considering last five nights, three days ago was an outside day that includes in its range both last two days and days four and five.
– today’s high is lower than yesterday’s high and day 4 high is lower than day 5 high OR
OR today’s low is lower than yesterday’s low and day 4 low is lower than day 5 low
6 nights out of 6 nights ended UP. That’s why I will enter LONG.
It was a small losing trade.