This week so far is an Up Week and it's a Friday with options expiration. Up weeks tend to print the High of the week on Thursday or Friday. Not always of course, just most often. The next open gap above is at 4555, so targeting that if we find a bid on the Open. Approximately 0.7 % from yesterday's Close and well within reach for a normal trading session. A larger sell today would be a surprise, but you never know for sure of course, so have to be ready to switch gears if the initial hypothesis was wrong.
11 successive losses is max drawdown, an outlier. The upside more than makes up for it, if the system is adaptable to deliver more than a modest 1:3 due to trailing stops.
If Al Brooks advocates swinging With Trend and then scalping Countertrend, that's pretty advanced. If he does you can see why he'd be worth $753 million... apparently.
Moving stop/reversal up to 4562. Now 22 points locked in. I'll be moving these calls to a journal because of the frequency of these updates. I expect to make 13.5 trades per month, but if you include all the stop/reversal moves on the winning trades that might be 30 posts in a month. That might be a little too much for this thread if this is a little off topic. Instead I'll just post here when there is a new high or something. After some research, it looks like in order to prove my point, I'll have to post a min of 35 trades. Then, I'll also have to be greater than an average gain% per trade of 0.256% So this could take three months. This chart and these stats give a good idea what can be expected from this method: During this time the S&P Mini would be break even for these past two years: The blue marks represent all the theoretical long trades during this time. In between would be all the short trades (this is swing trading, always in, long or short).