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Hi GFIs1...thanks for the daily update. I thought it was a 9.30 short if the prior IB candle was red (which it appears to be this morning). Any thoughts on why its a 10.30 short start...or did I miss something in your rules? Also, assume the exit is later than the 12:00 you've noted...unless, again...i've missed something?
Keep up the great work. Interested to see how your results for the year (2016) when you have a chance to summarise.
Thanks for your input.
1) The rules - indeed - are complicated: Today the start of IB candle was in 30min cloud. That changes rules.
And as you can assume - there are more interfering rules to understand the total system.
2) The 2016 results summary is in work. I have seen some "black holes" of not written weekly results. Those
have to been noted in one post and you get the final results.
The rules are based on every WEEKday. It is an extract of "patterns" for every weekday.
Important anchor points for a rule are:
1) Weekday itself
2) Range of previous day
3) IB volume
4) cloud (30min and daily)
5) Upcoming holidays
6) Triple witch day
7) IFO day
8) IB extreme range
plus some more.
EVERY rule is important - so is the top down priority of all the rules.
If trades are taken despite high risk - they are counted in the journal here.
Some trades are positive - some not.
So the decision when to NOT trade is MOST important. As it can ruin the account.
Just to think about a normal "everyday" concept. Of course there are some difficult
times (like last half year - US elections) but then the patterns while volumes are
guaranteed are getting to normal.
In our case I am skipping Tuesday and Thursday as a result of the statistics from
last 3 years.
Just skip the difficult moments to not spill money on undefined base or on "thin ice".
Here a short overview of the pattern today which occurred within the Cloud in 30min.
cloud: watch how price touched the low of the cloud to be rejected.
Goal of the trade system is to omit influence of US futures. Therefore no open trades
when US market is open.
