Only for 3 weeks, but I wouldn't be surprised if it had worked all year, the market being so bullish.
The Go Long at 10 am Strategy
- Thread starter Pekelo
- Start date
Only for 3 weeks, but I wouldn't be surprised if it had worked all year, the market being so bullish.
if it was a US index, I wouldn't doubt it.
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Seems to work better @9 central time , cause that where I like[ 9 central=10 eastern= LOL or SEPT
To see a new strategy, skip down lower in the post.
This week wasn't very good for the strategy because of the heavy sell offs during Mo-Tu. Still on Tuesday the price went up 10 points from the 10 am long entry before falling back and selling off. I would count that as a breakeven day.
Mo: -23 pts
Tu: breakeven
We: breakeven
Th: 5 pts
Fr: 5 pts
I was thinking the break down of the strategy might signals the end of the good times, but by the end of the week, it was back on track. Anyhow, I wanted to discuss a new observation:
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Ladies and gentlemen, introducing the short around 1 pm (specially after a morning rally) strategy!
In the last 2 weeks there has been a very shortable and easy to recognize play around 1 pm, specially if the market started out with a rally. On Thursday the HOD was exactly at 1 pm and on Friday we had a double top 20 minutes before and after 1 pm. After a quick morning run up a pullback is usually expected, what is strange that it tends to occur right around 1 pm.
Going back 2 weeks, it was even better. A week before last Tuesday, right at 1pm SPX dropped 10 points before continuing the rally. 2 days later the HOD at 1 pm, then dropping 15 points. The point is, if you are long from the morning, you might want to take profits around 1 pm and get back to the game later on...
This week wasn't very good for the strategy because of the heavy sell offs during Mo-Tu. Still on Tuesday the price went up 10 points from the 10 am long entry before falling back and selling off. I would count that as a breakeven day.
Mo: -23 pts
Tu: breakeven
We: breakeven
Th: 5 pts
Fr: 5 pts
I was thinking the break down of the strategy might signals the end of the good times, but by the end of the week, it was back on track. Anyhow, I wanted to discuss a new observation:
-------------------------------------
Ladies and gentlemen, introducing the short around 1 pm (specially after a morning rally) strategy!
In the last 2 weeks there has been a very shortable and easy to recognize play around 1 pm, specially if the market started out with a rally. On Thursday the HOD was exactly at 1 pm and on Friday we had a double top 20 minutes before and after 1 pm. After a quick morning run up a pullback is usually expected, what is strange that it tends to occur right around 1 pm.
Going back 2 weeks, it was even better. A week before last Tuesday, right at 1pm SPX dropped 10 points before continuing the rally. 2 days later the HOD at 1 pm, then dropping 15 points. The point is, if you are long from the morning, you might want to take profits around 1 pm and get back to the game later on...
I can't believe this has been almost 2 months since I posted this. The strategy has been kicking ass in the new year and yesterday was a good example why wait until 10 am...
(the sell off bottomed just around 10)
Out of the 8 days, there were 2 break evenish days and 6 wildly profitable ones.
(the sell off bottomed just around 10)
Out of the 8 days, there were 2 break evenish days and 6 wildly profitable ones.
I daren't comment. I don't know if you're serious now or just dangling a hook in the water........
But it has been a good year already........
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Well let see; go long in an upTrending bull market?? Could work , but not a prediction. One of my favorite tech stocks ran up about 150 %, 52 weeks + polar bears + long sellers slapped it down 50%, orderly downTrend , thank God .LOL ;not exact numbers but close
Stock still looks wounded