October 2nd 2006, Black Monday?

[dan05]

Yeap May be.

I do not trade the daily signals and have not done back testing so can say much about them.

I did followed them for some weeks two months ago, and the market direction and turning points where very accurate. I did not care about the levels, or range. It was enough for me the direction and TP.

I know users that do trade Options with them.

With respect to Intraday signal, yes, is does work and I've been posting results.

Anyway I just felt sharing this with ET users would give you a second opinion from a complex system on all your swing indicators.

Take care.

 

[dan05]

Hi guys,

This is an intraday chart of the Russell. This is why I trade system intraday.

The black line is the prediction, the red line is the market.

Trades are computed at 10:15 and not modified after that.

Not bad for a no volume day. The short anticipated some minutes, but its still paying. We'll see how it ends.

Take care.

 

[William Rennick]

The unexpected sharp sell-off around 1:35 pm may just be the hairline crack that when it breaks, Lord help us all...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=65265&perpage=6&pagenumber=71

 

[krazykarl]

Quote from William Rennick:

The unexpected sharp sell-off around 1:35 pm may just be the hairline crack that when it breaks, Lord help us all...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=65265&perpage=6&pagenumber=71

volume today is non-existant, marginally better then friday. today's move up or down is meaningless.

 

[younouss]

Quote from krazykarl:

volume today is non-existant, marginally better then friday. today's move up or down is meaningless.

So what? the main thing: IT'S SHORT TODAY that's it!

 

[tradewiz50]

Quote from younouss:

So what? the main thing: IT'S SHORT TODAY that's it!

Yup, exactly was short on LCAV. Made some coin today on that play.

 

[younouss]

Yep same here with ER

thanks Dan05!!

 

[dan05]

Your Welcome!

The prediction for the ER today was good. Check the chart.

The system made 10.70 pts, and could have made more if I had trailed the stops. Anyway not bad at all.

Adding all traded markets the results for the day was

$1,655.45 per traded contract.

I know that from the daily prediction perspective it was not a black monday, as I stated 15 days ago, but may be the predicted movement is starting. I'm no swing trader expert.


Take care.

Quote from younouss:

Yep same here with ER

thanks Dan05!!

 

[BCE]

From Friday

Quote from BCE:
Interesting that ER2 tanked much more than YM in the last hour today. .....
It seems that lots of times ER2 moves first and stronger. Stay tuned. As I've mentioned in other threads, this market seems way overbought.

ER2 followed the lead from NQ today not YM.

 

[formikatrading]

I wouldn't say today's move is meaningless. Markets don't have to decline on high volume -- I think that doing some backtesting on that would prove that out. That being said, I think a high volume sell-off raises the likelihood of a fast and nasty decline.

Quote from krazykarl:

volume today is non-existant, marginally better then friday. today's move up or down is meaningless.