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Just as I haven't chosen to trade todays short entry at close on the S&P, the market has already moved 4. 5 points (or 18 S&P emini prices) in profit if I had taken the trade!
Still early days but it's going the right way.
The system has a positive expectancy over time though so to fully get it's real benefits, I should ideally be trading this every day according to plan. The system also sets a 40 point stop which is a lot, I'm only comfortable with a max loss of 10.
This, of co
October 23, 2007
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If you had traded last nights signal (and I'm glad that I didn't) you would have lost.
Anyway, the system is showing a sell with target 1498 today. I am not sure if this would be a good idea considering how strong the market is.. I think I'll sit out this one also.
October 23, 2007
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If you had traded over the weekend, the EOD system would have yield a profit today.. however, you would have had to have ridden through a very large draw down.
Tonight, we are seeing another sell signal to take profit at 1483. The markets look very jittery and after todays rally I am not sure whether to take this or not.
For those who fancy it, give it a shot!!
October 22, 2007
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