As I discussed earlier, the Strap long I've been using for the
website shows a possible long entry tomorrow. However I expect that
tomorrow could be a stronger move as we have tight coils on the 15
min time frames, therefore tomorrow at 5 pm EST is a long way off.
As I said, I ran some tests and come up with two over
settings that I like for the sub system. The image shows both of
them, both have 100% past winning trades. One of them went long
today, and one shows a possible long for tomorrow just like
old default setting. The 100% is a strong stat, one option I
could have done is sent a trade alert out for one of these but for
1/2 the position size. You could take that trade as MES futures are
technically 4 points lower than where one of these systems went
long. We'll see what happens tomorrow!!
anyway, I went long some MES with a stop around 3919
clear my stop last night was wide enough. I know that was super
late when I sent that out, maybe a few night owls saw it. One of
the Strap long systems had went long hand with 100% winners I
thought why not. Also, with the coil patterns and price
having not broken symmetry I favored a bounce
on the ES futures chart you can see on Monday the huge breakdown
from that coil. Then price mostly chopped around yesterday, but
held that support level, this morning pulled back off that
resistance zone.
Strap Long
Posted by matt on 7th of Dec 2022 at 11:40 pm
As I discussed earlier, the Strap long I've been using for the website shows a possible long entry tomorrow. However I expect that tomorrow could be a stronger move as we have tight coils on the 15 min time frames, therefore tomorrow at 5 pm EST is a long way off. As I said, I ran some tests and come up with two over settings that I like for the sub system. The image shows both of them, both have 100% past winning trades. One of them went long today, and one shows a possible long for tomorrow just like old default setting. The 100% is a strong stat, one option I could have done is sent a trade alert out for one of these but for 1/2 the position size. You could take that trade as MES futures are technically 4 points lower than where one of these systems went long. We'll see what happens tomorrow!!
anyway, I went long some MES with a stop around 3919
clear my stop last night
Posted by matt on 8th of Dec 2022 at 09:30 am
clear my stop last night was wide enough. I know that was super late when I sent that out, maybe a few night owls saw it. One of the Strap long systems had went long hand with 100% winners I thought why not. Also, with the coil patterns and price having not broken symmetry I favored a bounce
on the ES futures chart you can see on Monday the huge breakdown from that coil. Then price mostly chopped around yesterday, but held that support level, this morning pulled back off that resistance zone.
nice pullback from that zone
Posted by matt on 8th of Dec 2022 at 09:38 am
nice pullback from that zone
Thanks for the alert last
Posted by eagleowl on 8th of Dec 2022 at 09:32 am
Thanks for the alert last night Matt, it was a nice surprise.
I did take some contracts
Posted by matt on 8th of Dec 2022 at 09:32 am
I did take some contracts off near that resistance