Hello everyone and happy Thursday, as you know the market sell off continues today. 

As you know this system enter a 1st entry short yesterday. It's a rare trade type based on the 60 length Stochastic that we use here on our charts. It's a rare trade type so not a lot of history but here's the past trades. 

it's also typically one of the longer held strategies avg of 28 days. 

as far as if this trade makes money or not. That's going to depending on what the market does. If the market forms a higher low, then maybe it doesn't get a chance to exit well and instead stops out. Or maybe it can close out on the wave C move. Or if the more bearish market scenario plays out, then it will be a good trade.  otherwise today it's doing well

see attached images showing the open trade, past system trade examples, and statistics

Disclaimer regarding backtested systems and past results are not indicative of future results, see our Disclaimer and the CFTC ) 

Matt

There is no guarantee past performance will be indicative or future results. No assurance can be given that the recommendations of Breakpointtrades.com will be profitable or will not be subject to losses. All Clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by Breakpointtrades.com. The hypothetical results on this website are based on the assumption that the client buy and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.