There are some components that make the system work. If they are not all present - the result may be quickly negative.
A main thing is the volume for the start of the day. If the volume is not good during the initial balance, the normal
trading flow and pattern might not develop. Such low volume phase is found before main holidays and during summer
holiday as well.
Therefore a view on these pre easter weeks is fundamental. Exactly as you state optimizing the good running days
and skip the stop loss days makes the system a good working one
The following 2 users say Thank You to GFIs1 for this post:
Thanks - very true: in the past shorts were more often than longs even in this bullish area we had...
Today it was foreseen long - but much later than a normal trade due to the big down gap in the morning.
It played out well - though we left some points on the table.
As the system is not explicit finding the tops and bottoms - it makes the he best out of a
highly probable move in the previewed direction.
Today no trade as yesterday's range exceeded the limit.
For those who would like to jump in anyway:
A short is suggested - ending time 16:00
So we will let it be for the week. Tomorrow is last day
before long weekend holiday and the move has to be
today (in either direction - so be cautious).
I do not expect big volume tomorrow.
The following user says Thank You to GFIs1 for this post:
Yes - this should be a turning point in this downleg.
For today I do not see much movement - could even turn up a bit more..
The real movements will restart next week.
As I see the downleg not finished yet the direction is still short.
The extra long weekend with some "good" (?) news pushed the price again higher..
BUT attention: tomorrow things might settle to the original plan again..
some shorter fields may come up (wednesday as always).
Price is sitting slightly above daily Kumo - where Kumo is thin.
This may give some downmove without announcement.