Those of you who follow the "Swing Vix FORECAST Matrix" I hope you already placed your working orders today???? At this rate you may not have another opportunity to do so.
Our next leg up price target is 1416 price levels. If the market reaches this level you will want to move your stop loss to 1414.00 or get out with profit. Or if you are swing trading this then you would simply look to hold over the next 2 days especially if NQ takes out yesterday's high.
The responsibility belongs to the poster. T-REX has already said he has been using this methodology for some time and it is very profitable. So, I will give him the benefit of the doubt at this point in time. What I don't like is someone leaving a post saying be careful, this method has many more losers than winners, without providing any evidence, anecdotal or otherwise to support it.
Based on description of the system Long at 1413.50 on the close of the 5 min bar above 40MA so far down 2 points with no stop loss just trying to stay on topic.
I said look at the last 20 days of charts. There is your evidence. The system will whipsaw you a lot, and without criteria for an exit, most would lose money.
...excuse please, english not naive language. Why no say short stop belower 1406? You no bereave outbreak? So-al, you cheat! You watch report/desistence QQQ! Fraud!