HH Monster Wave Journal

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helmholtz

The goal of this journal is to catch monster waves of 1000 DJIA points or more via the YM emini contract. We will be going both long and short in pursuit of this most noble goal. The Price Drivers in correlation with death channel technical analysis with be the method of choice. We have no time frame just 1000 points plus target per entry. All entries will be called in advance with parameters. I believe in simplicity when it comes to trading. We are flat right now, but will enter when the PD's and Death Channel trigger a trade. Enjoy the show, HH
 
Right now the Price Drivers are very powerful in both directions, it's difficult to judge direction based on the PD's alone. However, once price breaks out of the Death Channel in a certain direction, the PD's will be strong enough to continue the momentum for the projected 1000 points of profit in the YM. Here's the illustration of the set up for you on the cash DJIA. Let's go do what happens:

vgocjl.png
 
Is there a reason why a 1000 points will come out of the death channel? What happens if its a 673 point move? was there back testing on this type of setup and its likely point range after channel breakout? Just want to follow it along with you. Thanks
 
ea0680 said:
Is there a reason why a 1000 points will come out of the death channel? What happens if its a 673 point move? was there back testing on this type of setup and its likely point range after channel breakout? Just want to follow it along with you. Thanks
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It's a minimum of a 1000 point move expected. Heck, that won't even put us into a bear market. Yes, I have tested the system --- Holding here, good luck!
 
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