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Futures Trading Room – Overnight Overview of August the 30th 2016

September 13, 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.

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