Market Direction INDU SPX OEX NDX RUT

[gg12]

+23.24 (0.18%)

 

[gg12]

Short term direction for YM is up.

Attached there is a system I call

YM5_2 8x5

YM future
5 point grid
2 min wave lenght to measure and count
8 countertrend entry if wave length exceeds 8 units (a 5 points)
x individual stop
5 profit target in units (a 5 points)

That system has been profitable yesterday (in hindsight). No guarantee for Monday. Please do your own backtesting over a longer time period.

 

[gg12]

Intraday trend ES is up as well.

Attached is a system which goes with the waves using 2 unit stops. 1 unit in that case is 0.5 ES point.

1 point = 4 ticks
1 unit = 0.5 points
1 unit = 2 ticks

Entry is at 2 units + 1 tick snapped to the grid lines.
The same is valid for the trailing stops.

No profit target here, but 15 units target would have been optimal.

The name of the system is

ES0.5_2 S2x2

It only worked in yesterday's market condition. I don't have a long term statistics to determine the current profit expectation.

 

[gg12]

YM is Up. I used a 30 minute bar chart to analyse (see attached graphics).

 

[gg12]

ES is Up.

ES and YM are different.

1 point YM equals 10 points of ES?

What is your opinion?

 

[gg12]

ES is heading up.

Short term signals with 2 point trailing stops worked well.

 

[gg12]

YM is heading up.

Actual signal is long.

 

[gg12]

SPX 10 days 5 point grid

Down since 1505
Stop 1510 trailing on grid
Stop is also reverse point

 

[gg12]

INDU 10 days on 50 point grid

Down since 13300
Stop 13350 trailing on grid

Stop is also reverse point

 

[gg12]

Signals EYM 2 days 5 point grid

Enter with move at 15 points
Stop trailing on grid with 15 points
Profit target could 65 points (13 units)

System is S3_13_3.