Greetings traders,
Last Wednesday’s short trade – the entry was on February the 19th of 2020 – is described below:
Trade entry – Emini future price = 3387,5
Trade exit – Emini future price = 3379,5
Stop loss triggered – none
Take profit triggered – none
Trade gain = 8 Emini points
Trade gain in $ per contract = $ 400
The entry was on the blue circle on the left and the exit was on the second blue circle on the right.
If you like to study deeper overnight trading results, please download my historical live trading results sheet here.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Last Wednesday’s short trade – the entry was on February the 12th of 2020 – is described below:
Trade entry – Emini future price = 3380,5
Trade exit – Emini future price = 3362,25
Stop loss triggered – none
Take profit triggered – none
Trade gain = 18,25 Emini points
Trade gain in $ per contract = $ 912,5
The entry was on the blue circle on the left and the exit was on the second blue circle on the right.
If you like to study deeper overnight trading results, please download my historical live trading results sheet here.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Tuesday’s short trade – the entry was on February the 11th of 2020 – is described below:
Trade entry – Emini future price = 3357
Trade exit – Emini future price = 3373,5
Stop loss triggered – none
Take profit triggered – none
Trade loss = 16,5 Emini points
Trade loss in $ per contract = $ -825
The entry was on the blue circle on the left and the exit was on the second blue circle on the right.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Thursday’s short trade – the entry was on February the 6th of 2020 – is described below:
Trade entry – Emini future price = 3343,75
Trade exit – Emini future price = 3331,75
Stop loss triggered – none
Take profit triggered – none
Trade gain = 12 Emini points
Trade gain in $ per contract = $ 600
The entry was on the blue circle on the left and the exit was on the second blue circle on the right.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Yesterday’s short trade – the entry was on February the 6th of 2020 – is described below:
Trade entry – Emini future price = 3334,75
Trade exit – Emini future price = 3354,75
Stop loss triggered – 20 Emini points
Take profit triggered – none
Trade loss = 20 Emini points
Trade loss in $ per contract = $ -1000
The entry was on the blue circle on the left and the exit was on the second blue circle on the top (stop loss hit). Today’s stock market open is on the third blue circle on the right.
Unfortunately, this is an interesting example of how stop loss orders sometimes can damage profitability.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Yesterday’s long trade – the entry was on February the 3rd of 2020 – is described below:
Trade entry – Emini future price = 3243,75
Trade exit – Emini future price = 3284,25
Stop loss triggered – none
Take profit triggered – 40,5 Emini points
Trade gain = 40,5 Emini points
Trade gain in $ per contract = $ 2025
The entry was on the blue circle on the left and the exit was on the first blue circle on the right (take profit hit). Today’s stock market open is on the second blue circle on the right.
This is one of my best trades ever.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Last Thursday’s trade – the entry was on January the 30th of 2020 – is described below:
Trade entry – Emini future price = 3289,5
Trade exit – Emini future price = 3275
Stop loss triggered – none
Take profit triggered – none
Trade loss = 14,5 Emini points
Trade loss in $ per contract = $ 725
The entry was on the blue circle on the left and the exit was on the blue circle on the right.
Anyway, the first blue bubble on the left highlights the 4.00 PM EST (stocks close) potential entry. Normally, we enter at 4.13 PM EST (futures close). If we had entered the trade 13 minutes earlier, the take profit order would have been hit.
Sometimes it’s better, sometimes not. It’s vital to choose always the same time, if you trade at 4.00 you trade always at 4.00, if you trade at 4.13 you always trade at 4.13.
That’s it.
Regards,
Marco Simioni
Nightly Patterns
Greetings traders,
Martin Luther King’s weekend trade, the entry was on January the 17th of 2020, is described below:
Trade entry – Emini future price = 3325,25
Trade exit – Emini future price = 3316,5
Stop loss triggered – none
Take profit triggered – none
Trade gain = 8,75 Emini points
Trade gain in $ per contract = $ 287,5
The entry was on the blue circle on the left and the exit was on the blue circle on the right.
Regards,
Marco Simioni
Nightly Patterns
It has been a boring December concerning overnight trading. I’ve been monitoring my patterns finder algo every night like always, but there weren’t any patterns triggering or they were only mixed.
It doesn’t mean the algos aren’t working anymore, some sideline periods do exist.
Do you remember last lazy summer? It was just before a good profitable autumn.
Anyway, I want to discuss briefly why last night I didn’t send any alert:
- I had mixed seasonality.
- I had 9 bullish patterns triggering
Where’s the problem? I could have jumped in. But wait a minute, I looked carefully at the chart and look for a rare bar pattern in order to find one to confirm the action.
My backtesting work resulted in a very strong bearish pattern: very few rules, 4 instances, all of them bearish.
I discovered yesterday’s morning this rare bearish pattern:
O0<L1 – O1<L2 – O2>H3 – O3<C4 – L2>H3 (equity curve’s above)
Sometimes rare patterns win the battle between bulls and bears.
The excellent trade requires seasonality on the right side of the patterns triggering. Yesterday it wasn’t. And if I can find rare pattern triggering, I want it on the right side too. Otherwise, waiting on the sidelines is the rule.
This prudent behaviour prevent us from a little loss this morning.
Hope to see better price action later,
Marco Simioni
Nightly Patterns
I’ve been working on a few new collaborations this year, especially one with the Italian edition of Traders’ Magazine call “A Beautiful Night”. This requires prices of Nightly Patterns service being equal among all vendors. That’s why I must rise it to 797 euro for the yearly subscription and 75 euro for the monthly subscription.
Anyway, if you purchase a subscription before December the 31st 2019, you will be considered among my “old followers” and mantain the old Nightly Patterns prices yet!
Marco Simioni