That's right. The first upgrade is always the hardest I load up finviz.com from time to time to check how the market is doing out of curiosity but it's not really a strategy that requires me to be available around the clock (thankfully). The hard stop is set to trigger outside RTH as well by default, so the market will exit for me once breached. The entry setup also takes at least 2 days to really evolve, so once things get interesting, I'm usually hawking to get in.
My previous short position was stopped out. The market completely recovered in a weird fashion whereby no long opportunity become apparent to me. If had stayed in my long position from last week, I would have been stopped out by yesterday, too, which makes me conclude that either way I would be flat by now. Let's see if a new setup is offered in the coming days. Total profit since beginning: $16,125
Thanks for your kind words, OddTrader. I'll look into the formulas and try to include the data in the performance update going forward.
Hi tihfa, Yes, a break above it is a legitimate buy, and a breakdown could be a short. It just isn't the classic reversal breakout pattern I take but a continuation pattern. Nevertheless, definitely worth a try.
Perhaps initially only these three: Average annual returns, Sharpe, MaxDD would be most important, imo.
Not yet, there is no noticeable horizontal support base broken to the downside, and the uptrend channel since beginning of August is still intact as of this moment. We merely touched the top from March and sold off a bit (double top), but going short yesterday is speculative at best. This is what I'm seeing: