Morning all,

Remember my last post regarding the EOD S&P system where I mentioned that the system reported a sell signal with a target at 1547. The previous close price was 1561 so I thought that this figure was a bit too far away considering that the market was quite high.

Early this morning, I did in fact sold the S&P and the market did infact fall. I took profit when I made 6 points (24 equivalent S&P prices).

I felt rather proud of myself and then the market fell further and would have made the target at 1546!! Wow, I very impressed that the system predicted the direction of the market and if I had not closed, I would have made 12 points!!

Anyway, today, the market is a long at the close with a target at 1553.3 .. ok, it’s not far away but this could be a bounce before greater falls.

So far with the system, 6 out of 6 wins! Very impressive! I have only traded 4 of them though and made a profit each time!

The S&P emini sold off big time today! Funnily enough the EOD system which I am testing had a short from Friday and was targetting 1546.. I thought this was miles away but spookily enough, it did sell heavily and made target! I sold out half way though.. I should have followed the system.. but a profit is a profit!

Anyway, when I got home today, the market had already sold off a bit too much already. However, in the 5 min charts, I saw that the market retraced to the 5 day MA and I thought this was another chance to short! I got in at 155575 and took it to 155332 for a nice +10.

However, my next couple of trades were bad. I sold as the market broke the intraday low but it soon reversed on me… bastards!! It was a false break!

Then as the market broke above the 5 day MA, I went long to get stopped out which reversed.

I ended up -11 today (on the dummy account)! Oh well!

At least my real account is making money!